1605 Hotel Circle #B 107
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1605 Hotel Circle #B 107

Atop 10%

San Diego, CA 92108

$419,000
STR: check · no permits in this complex · TOT 12.75%

17 licensed short-term rentals within ½ mile (8 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 87-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: -$1,720/mo full cashflow at 20% down, 7.36% rate.

Works at $193,889 (54% under asking), or at 80% down.

Rent $2,547/mo from 1 lease in this building.

Beds

1

Baths

1

Sqft

700

Year Built

1972

Days on Market

246

Property Type

Condo

HOA/mo

$479

MLS ID

DW26053392

This property is in San Diego (92108). View neighborhood stats →

About This Property

Beautifully remodeled condo located in the heart of Mission Valley, San Diego. The unit features new flooring, a fully updated kitchen with new cabinets and countertops, refrigerator, stove and microwave, plus fresh interior paint throughout. Also included, central heating and a wall A/C unit in the bedroom for year round comfort. The community offers excellent resort- style amenities, including: swimming pool & jacuzzi, tennis & pickle ball court, gym & sauna, pool tables & recreation area and finally an outdoor barbeque area, all fantastic for entertaining. Ideally located with easy access to downtown San Diego, Mission Beach, shopping, restaurants and major freeways. Also conveniently close to military bases and Navy facilities. A great opportunity to own a move-in ready home in one of San Diego's most central and accessible locations.

Mortgage Calculator

Est. Monthly Payment

$3,332

Principal & Interest$2,312
Property Tax$419
Insurance$122
HOA$479
%($83,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Grant K-8 · grades K-8 · San Diego Unified

  • Middle

    Correia Middle · grades 7-8 · San Diego Unified

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

    Choice area: the district lets families here pick either school.

  • High

    San Diego High · grades 9-12 · San Diego Unified

    or Point Loma High · 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.

Investment Score

54A
Est. Monthly Rent
$2,547

1 lease in this building

Blended 50/50 with a property-level estimate

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$785
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,720

What would make this work?

$1,720/mo short at 20% down; 80% down or +$2,233/mo rent closes it.

Break-even price

54% under asking

$193,889
Break-even rent

$2,233/mo above the estimate

$4,780/mo
Cashflow at 35% down
−$1,286/mo
Down payment to break even

$335,200 cash

80%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,312
Cap Rate
2.06%
Cash-on-Cash
-24.63%
DSCR

Need ≥ 1.25 for DSCR loan

0.76

NOI (Annual)
$8,632
Price-to-Rent

Lower = better for investors

13.7

* 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.

Open Full Calculator
ACashflow−$1,720/mo