1605 Hotel Cir S

1605 Hotel Cir S #B114

D

San Diego, CA 92108

$315,000

Soft Appraisal Value: $424,100 · 25.7% below estimate

Beds

Baths

1

Sqft

422

Year Built

1972

Days on Market

17

Property Type

Condo

HOA/mo

$309

MLS ID

260006578SD

Description

Located in the heart of Mission Valley, this remodeled studio offers a functional layout and modern finishes in one of San Diego’s most central locations. The updated kitchen features quartz countertops, stainless steel appliances, a five-burner gas range, and contemporary cabinetry, while smart LED lighting enhances both the kitchen and main living space. A separate sleeping area adds flexibility, and a tiled walkout balcony provides a comfortable outdoor extension of the home. Residents enjoy access to a wide range of resort-style amenities, including a pool and spa, fitness center, sauna, tennis, pickle ball, and basketball courts, dog run, clubhouse, and BBQ areas, creating a well-rounded living experience suited for both relaxation and activity. The unit also includes one assigned parking space along with a guest parking permit. Ideally positioned with convenient access to downtown San Diego, local beaches, shopping, dining, and major freeways, this property offers an excellent opportunity for a move-in ready residence in a highly accessible and amenity-rich community.

Mortgage Calculator

Est. Monthly Payment

$2,309

Principal & Interest$1,593
Property Tax$315
Insurance$92
HOA$309
%($63,000)
%

Investment Score

8D
Est. Monthly Rent
$2,048
Monthly Cashflow

Rent − PITIA

$-261
Full Cashflow

Incl. vacancy, PM, maint, capex

$-994

Mortgage (P+I)
$1,593
Cap Rate
2.28%
Cash-on-Cash
-18.94%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.89
Break-even Rent
$3,339

NOI (Annual)
$7,182
Price-to-Rent

Lower = better for investors

12.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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