8009 Caminito De Pizza #B
Atop 10%San Diego, CA 92108
One license per person in San Diego: whether you can hold it depends on you, not only the home.
An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.
Soft Appraisal Value: $297,400 · 0.5% above estimate
Pass at asking: -$966/mo full cashflow at 20% down, 7.65% rate.
Works at $175,133 (41% under asking), or at 66% down.
Rent $2,495/mo from 11 leases of 1–3 bed condos & townhomes within 0.5 mi, same school area ($2,540–$2,800).
Beds
2
Baths
1
Sqft
726
Year Built
1975
Days on Market
34
Property Type
Condo
HOA/mo
$555
MLS ID
CV26199523
This property is in San Diego (92108). View neighborhood stats →
About This Property
Single-level, ground-floor condo in the heart of Mission Valley—an ideal opportunity for buyers seeking easy access, no stairs, and strong upside potential! Needs TLC and updating - Investors are welcomed! There is an additional room that would make for a great office or guest room, a good sized outdoor patio, and the unit comes in 1 assigned carport space! The community amenities include: pool, clubhouse, BBQ area, on-site laundry, and assigned covered parking. Centrally located just minutes from Fashion Valley, USD, the San Diego River Trail, dining, shopping, and major freeways—this is Mission Valley living at an accessible price point. (Neighboring Unit Next Door, 8009 Caminito De Pizza Unit #A, is also listed for sale - MLS# CV26199390. Great Opportunity to own two side by side condos!)
Mortgage Calculator
Est. Monthly Payment
$2,638
Location
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Zoned Schools
Elementary
Nipaquay Elementary · grades K-5 · San Diego Unified
Middle
Taft Middle · grades 6-8 · San Diego Unified
High
Kearny Digital Media & Design · grades 9-12 · San Diego Unified
or Kearny School of Biomedical Science and Technology · grades 9-12 · San Diego Unified
or Kearny College Connections · grades 9-12 · San Diego Unified
or Kearny Eng Innov & Design · grades 9-12 · San Diego Unified
Choice area: the district lets families here pick either school.
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Renovation math
Flagged Fixer from the listing remarks — “needs tlc”, “tlc”.
- Asking now
- $299K
- Worth finished
- $380K
- Budget to renovate
- $80,900
$412/sqft
$523/sqft × 726 sqft
$111/sqft to spend
Comparable finished homes nearby suggest this is worth $380K once it's brought to par — about $80,900 above the asking price. That spread is your renovation budget before the deal stops working.
Rent once renovated
- Rent at par
- $2,371/mo
- Cashflow at that rent
- −$1,062/mo
$3.27/sqft × 726 sqft, median of 5 comps
cap rate 2.55%, DSCR 0.90
Heads up: the rent estimate elsewhere on this page ($2,495/mo) is above what comparable finished homes here support. A home that needs work does not out-rent them, so treat $2,371/mo as the ceiling.
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 5 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Comparable Properties
5 comps foundThis Property
$2,495
Comp Average
$2,371
8069 Caminito De Pizza
1bd / 1ba · 726 sqft · Condo
$359K
Est. $2,371/mo
8015 Caminito De Pizza
1bd / 1ba · 726 sqft · Condo
$378K
Est. $2,371/mo
1389 Caminito Gabaldon
1bd / 1ba · 726 sqft · Condo
$380K
Est. $2,371/mo
8065 Caminito De Pizza
1bd / 1ba · 726 sqft · Condo
$380K
Est. $2,371/mo
8023 Caminito De Pizza
1bd / 1ba · 726 sqft · Condo
$385K
Est. $2,371/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
11 leases of 1–3 bed condos & townhomes within 0.5 mi, same school area · $2,540–$2,800
Blended 50/50 with the property-level estimate ($2,333)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$966/mo short at 20% down; 66% down or +$1,255/mo rent closes it.
- Break-even price
- $175,133
- Break-even rent
- $3,750/mo
- Cashflow at 35% down
- −$648/mo
- Down payment to break even
- 66%
- Rate to break even
- 0.65%
41% under asking
$1,255/mo above the estimate
$197,340 cash
at 20% down
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.65% 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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