1388 Kettner Blvd #1504
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1388 Kettner Blvd #1504

Ctop 80%

San Diego, CA 92101

$1,549,000
NEW — 1d
STR: check · no permits in this complex · TOT 13.75%

145 licensed short-term rentals within ½ mile (127 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 89-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: -$8,258/mo full cashflow at 20% down, 7.36% rate.

Works at $468,466 (70% under asking), or at 98% down.

Rent $6,467/mo from 14 leases in this building ($5,951–$6,749).

Beds

2

Baths

2

Sqft

1,444

Year Built

2019

Days on Market

1

Property Type

Condo

HOA/mo

$1,399.1

MLS ID

260004985SD

This property is in San Diego (92101). View neighborhood stats →

Virtual Tour

About This Property

Welcome to Residence 1504 at Savina, Downtown San Diego’s premier luxury high-rise ideally located just steps from the waterfront and vibrant Little Italy. Positioned on the 15th floor, this northeast corner home enjoys sweeping city skyline views with a dynamic urban perspective. From this vantage point, you also capture a surprisingly impressive glimpse of the bay to the west, creating a beautiful balance of city energy and water views from nearly every room. Spanning approximately 1,444 sqft, this 2BR/2BA + den/nook residence features an open-concept great room, hardwood flooring, power Lutron shades (manual blackout shades in the primary bedroom), and generous storage. The spacious primary suite includes a large walk-in closet, while the kitchen and living areas flow seamlessly for comfortable daily living and entertaining. The home is presented in pristine, move-in-ready condition. Savina residents enjoy over 24,000 sqft of resort-style amenities including a lobby with concierge, business lounge, state-of-the-art fitness center with outdoor yoga terrace, spa with sauna and steam room, and a pool terrace with cabanas, fire features, and communal dining areas. Additional amenities include a social lounge with chef’s kitchen and billiards, pet retreat and dog washing station, bike tune-up station, EV charging, and secure resident access.

Mortgage Calculator

Est. Monthly Payment

$11,946

Principal & Interest$8,546
Property Tax$1,549
Insurance$452
HOA$1,399
%($309,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Washington Elementary · grades PK-5 · San Diego Unified

  • Middle

    Roosevelt International Middle · grades 6-8 · San Diego Unified

  • High

    San Diego 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.

Investment Score

5C
Est. Monthly Rent
$6,467

14 leases in this building · $5,951–$6,749

Monthly Cashflow

Rent − PITIA

-$5,479
Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,258

What would make this work?

$8,258/mo short at 20% down; 98% down or +$10,724/mo rent closes it.

Break-even price

70% under asking

$468,466
Break-even rent

$10,724/mo above the estimate

$17,191/mo
Cashflow at 35% down
−$6,655/mo
Down payment to break even

$1,518,020 cash

98%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$8,546
Cap Rate
0.47%
Cash-on-Cash
-31.99%
DSCR

Need ≥ 1.25 for DSCR loan

0.54

NOI (Annual)
$7,344
Price-to-Rent

Lower = better for investors

20.0

* Modelled at 20% down, 7.36% 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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CCashflow−$8,258/mo