1125 Pacific Beach Dr 204, San Diego, California 92109, San Diego, 92109 - 3 bed, 3 bath
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San Diego, California 92109
This Spacious Bayfront Condominium represents a Prime Investment Opportunity with a List Price of $1,749,000—positioned well below the $1,832,461 Fair Market Value by 4%. This valuation gap provides $83,461 in Instant Equity for buyers. While the property holds a Condition Rating of 4, its dated interior offers significant upside through modernization. Featuring panoramic Sail Bay views, three en-suite bedrooms, and access to the elite 10/10 Bird Rock Elementary, this residence perfectly balances luxury lifestyle with forced appreciation potential. It is an ideal acquisition for Lifestyle Buyers or Owner-Occupants seeking a high-equity coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1125 Pacific Beach Dr 204 Subject | $1,749,000* List Price | 3 | 3 | 1,860 | $985 | - |
A 3940 Gresham St 454 Sold | $1,525,000 | 2 | 2 | 1,625 | $938 | 0.3 mi |
B 4465 Ocean Blvd 11 Sold | $1,550,000 | 3 | 2 | 1,290 | $1,202 | 0.6 mi |
C 3825 Kendall St Sold | $1,355,000 | 2 | 3 | 1,616 | $838 | 0.8 mi |
D 3920 Riviera Drive #u Active | $1,545,000 List Price | 3 | 2 | 1,423 | $1,086 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975, the unit is well-maintained but significantly dated. The kitchen features older white appliances, fluorescent box lighting, and cabinetry likely from a 20+ year old refresh. Interior details like wallpaper borders and older carpeting indicate the property has not had a major renovation in over 20 years and requires modernization.
Elementary School: Bird Rock Elementary School (10/10).
Situated directly on the iconic shores of Sail Bay, this residence offers rare panoramic water views and immediate beach access, epitomizing the luxury coastal lifestyle in Pacific Beach.
The generous 1,860 sqft floor plan includes three full bedrooms, each featuring its own private bathroom, providing an ideal setup for privacy, guests, or high-end rental potential.
The association fee of $1,260 per month is notably high, which may impact the overall affordability and investment yield for potential buyers.
Built in 1975, the property may lack the modern energy efficiencies and contemporary building amenities found in newer luxury condominium developments.
Luxury Bayfront Living in Pacific Beach. Experience the best of coastal living, a stunning bayfront residence located along the iconic shores of Sail Bay in the heart of Pacific Beach. Wake up to breathtaking water views and enjoy the ultimate Southern California lifestyle just steps from the sand. This beautifully designed condo offers a spacious open floor plan filled with natural light, perfect for both everyday living and entertaining. The home features 3 generously sized bedrooms, each with its own bathroom. Large windows and outdoor spaces capture refreshing bay breezes and spectacular sunsets over Mission Bay. Mason and Simona
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 81% |
| Baths | 3.0 | 2.0 | 78% |
| Square foot | 1,860 | 1,000 | 99% |
| Lot Size | 44,883 | 4,822 | 86% |
| Price | $1.75M | $895.0K | 88% |
| Price per sq ft | $940 | $915 | 54% |
| Built year | 1975 | 1975 | 50% |
| HOA | $1260.0 | $500 | 93% |
| Days on market | 47 | 148 | 9% |
Apr 9, 2026
$1,749,000
$1,795,000
-3% Price Drop
Initial Listing
Mar 15, 2026
$1,795,000
$1,895,000
-5% Price Drop
Initial Listing
Mar 6, 2026
$1,895,000
Initial Listing
Feb 23, 2000
$472,000
Public Record
Dec 23, 1998
$335,000
Public Record