1388 Kettner Blvd #1502
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1388 Kettner Blvd #1502

Dbottom 20%

San Diego, CA 92101

$2,190,000
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 11, 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: -$12,643/mo full cashflow at 20% down, 7.43% rate.

Works at $543,833 (75% under asking); even all cash loses money at asking.

Rent $7,325/mo from 14 leases in this building ($6,428–$7,291). Previously leased for $7,200.

Beds

2

Baths

2

Sqft

1,685

Year Built

2019

Days on Market

100

Property Type

Condo

HOA/mo

$1,463

MLS ID

260018850SD

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

Virtual Tour

About This Property

WELCOME TO SAVINA 1502. There’s a special place along the South Pacific coast, and it’s called San Diego. This home, just an hour or so flight from San Francisco or a drive from Los Angeles, offers an exceptional urban lifestyle with 1,700 square feet of incredible water views. Residence 1502 sits on the 15 th floor of one of the newest luxury buildings, Savina by Bosa, while the city’s Harbor Front and Little Italy line its western and the northern edges. Unobstructed bay views sweep throughout the home, delivering one of the best sunsets in the city. A collection of over 24,000 square feet of indoor-outdoor amenities comprises a private social lounge, spa center with a large sauna and steam room, pet retreat, and one of best pools in downtown. San Diego has more than 266 sunny days per year, it has a long history of leading lifestyles in surfing, running, and golfing. But, Residence 1502 is much more than something you can draw on a map. This home is an ideal, a view, a way of life. Here, luxury is second nature. Community is the key. You can walk to the city’s best restaurants, coffee shops, and entertainment venues. It is a centrally located, warm, modern, innovative urban community. Stunning bay views, northwest facing corner unit, perfectly elevated, large living space, designer finishes, a split 2 bedrooms, 2-bath layout plus a den/library, a large sky patio, and 2 side-by-side designated parking spaces. Savina 1502 is just about the most “dream” place you can get. And it will be that way for a long time.

Mortgage Calculator

Est. Monthly Payment

$16,458

Principal & Interest$12,166
Property Tax$2,190
Insurance$639
HOA$1,463
%($438,000)
%
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

0D
Est. Monthly Rent
$7,325

Previously leased for $7,200

14 leases in this building · $6,428–$7,291

Monthly Cashflow

Rent − PITIA

-$9,133
Full Cashflow

Incl. vacancy, PM, maint, capex

-$12,643

What would make this work?

$12,643/mo short at 20% down; +$16,420/mo rent closes it.

Break-even price

75% under asking

$543,833
Break-even rent

$16,420/mo above the estimate

$23,745/mo
Cashflow at 35% down
−$10,362/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$12,166
Cap Rate
-0.06%
Cash-on-Cash
-34.64%
DSCR

Need ≥ 1.25 for DSCR loan

0.45

NOI (Annual)
-$1,326
Price-to-Rent

Lower = better for investors

24.9

* 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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DCashflow−$12,643/mo