972 Sapphire Street
Ctop 80%San Diego, CA 92109
227 licensed short-term rentals within ½ mile (169 whole home), from the cities' license and permit lists of Nov 8, 2026.
No unit in this 4-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$9,007/mo full cashflow at 20% down, 7.43% rate.
Works at $522,271 (69% under asking), or at 97% down.
Rent $5,209/mo from 10 leases of 2–4 bed condos & townhomes within 1 mi ($4,698–$6,188).
Beds
3
Baths
3.5
Sqft
1,300
Year Built
1987
Days on Market
137
Property Type
Townhouse
HOA/mo
N/A
MLS ID
NDP2606017
This property is in San Diego (92109). View neighborhood stats →
About This Property
Price Improvement. Welcome to 972 Sapphire Street, a beautifully remodeled townhome located in the heart of North Pacific Beach. This stunning 3-bedroom, 3.5-bath residence offers the perfect blend of modern style and coastal living. Step inside to discover bright, inviting interiors featuring stylish finishes, a cozy fireplace in the living room, and a thoughtfully designed floor plan ideal for both everyday comfort and entertaining. Multiple balconies and patios create seamless indoor-outdoor living, including a private outdoor space perfect for morning coffee, evening gatherings, or simply enjoying the ocean breeze. Additional highlights include in-unit laundry, an attached one-car garage, and neighborhood views from several outdoor living areas. Ideally situated just blocks from the Pacific Ocean, this exceptional home is within walking distance of North Pacific Beach's popular shops, cafés, restaurants, sandy beaches, and the iconic Tourmaline Surfing Park. Enjoy morning surf sessions, afternoon beach days, and breathtaking sunset walks along the coast. Offering the quintessential Southern California beach lifestyle in one of San Diego's most sought-after neighborhoods, this turnkey residence presents a rare opportunity to own in North PB.
Mortgage Calculator
Est. Monthly Payment
$11,606
Location
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Zoned Schools
Elementary
Pacific Beach Elementary · grades PK-5 · San Diego Unified
Middle
Pacific Beach Middle · grades 6-8 · San Diego Unified
High
Mission Bay High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$5,209
Comp Average
$5,201
4290 Kendall Street
2bd / 2.5ba · 1,376 sqft · Townhouse
$1.05M
Est. $4,620/mo
974 Sapphire Street
3bd / 3.5ba · 1,300 sqft · Townhouse
$1.57M
Est. $5,209/mo
978 Sapphire Street
3bd / 3.5ba · 1,300 sqft · Townhouse
$1.57M
Est. $5,209/mo
976 Sapphire Street
3bd / 3.5ba · 1,300 sqft · Townhouse
$1.70M
Est. $5,209/mo
802 Ostend Ct
3bd / 3ba · 1,179 sqft · Townhouse
$1.68M
Est. $5,757/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
10 leases of 2–4 bed condos & townhomes within 1 mi · $4,698–$6,188
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$9,007/mo short at 20% down; 97% down or +$11,697/mo rent closes it.
- Break-even price
- $522,271
- Break-even rent
- $16,906/mo
- Cashflow at 35% down
- −$7,241/mo
- Down payment to break even
- 97%
- Rate to break even
- Not reachable
69% under asking
$11,697/mo above the estimate
$1,644,150 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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