721 San Fernando Pl #23, San Diego, CA — $3,950,000

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About this home

VERY LUCRATIVE, cash-flowing business opportunity with a 6.5% cap rate! Incredibly well maintained, Luxurious, turnkey, and FULLY FURNISHED coastal 2-unit building located just steps away from the boardwalk and ocean in Mission Beach! The adjacent building 725-727 San Fernando is also listed for sale for $3.950M. Unit 721 consists of 3BR, 3BA with 1BR/1BA and kitchen/living on first floor, 2BR 2BA on second floor & 2 car Tandem Garage. Unit 723: 3BR, 2.5BA with 2BR/2BA on second floor & 1BR 1BA with kitchen/living on 3rd floor with side-by-side 2 car garage. Ultra Prime location, panoramic white-water views of the ocean, beach & palm trees. Close to restaurants, shopping, bars, entertainment, fit athletic, belmont park, you cannot beat this location.

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Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk

🏷 Last sold$2,020,000 · May 2020

📋 Assessed value$2,253,343

💵 Annual tax$28,226

🏫 School districtSan Diego City Unified School District

MLS #240000741SD

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone

🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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VA loan (no PMI)

Estimated total monthly payment

$24,746

Principal & interest$19,973

Property tax$3,621

Home insurance$1,152

Down payment: $790,000Loan: $3,160,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.