2658 Worden Street #223
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2658 Worden Street #223

Ctop 80%

San Diego, CA 92110

$599,999
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

56 licensed short-term rentals within ½ mile (36 whole home), from the cities' license and permit lists of Nov 10, 2026.

2 short-term rental licenses on file in this 76-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).

Pass at asking: -$2,907/mo full cashflow at 20% down, 7.43% rate.

Works at $221,480 (63% under asking), or at 90% down.

Rent $2,998/mo from 8 leases of 1–3 bed condos & townhomes within 0.5 mi ($2,852–$3,147).

Beds

2

Baths

1.5

Sqft

976

Year Built

1969

Days on Market

95

Property Type

Condo

HOA/mo

$607

MLS ID

NDP2607392

This property is in San Diego (92110). View neighborhood stats →

Virtual Tour

About This Property

Price Reduced - Ready to Sell! Welcome to resort-style living, only 2 miles from Ocean Beach, Point Loma Tennis Club offers the best of San Diego - ocean breezes, easy beach access, and a central location close to everything. Here is your opportunity to live in a west-facing townhome, no neighbors above or below, with two bedrooms, in-unit laundry, triple-pane windows, and central HVAC. Point Loma Tennis Club features green belts and lots of open space, with a night security guard on premises. It also offers a resort-style clubhouse with multiple game rooms, an exercise room, saunas in the locker rooms, a pool, spa, BBQ areas, and tennis and basketball courts. The ideal location makes it easy to enjoy all of San Diego, with easy access to the 5 and 8 freeways. The international airport is only 10 minutes away, and Balboa Park is a short 15 minute drive. VA buyers welcome - short drive to MCAS Miramar, and San Diego and Coronado Naval Bases. This property is also a great opportunity for students. Public schools are all within a 5 minute drive: Loma Portal Elementary (K-4), Dana Middle School (5-6), Correia Middle School just across the street (7-8), and Point Loma High School (9-12). College students enjoy a quick 12 minute drive to University of San Diego and San Diego City College, and 20 minutes or less to Mesa College, UCSD, and SDSU. The Old Town Transit Center is only 2 miles away, served by the trolley, bus, Coaster, and Amtrak. Enjoy hiking at adjacent Famosa Trail Slough, and nearby Tecolote Canyon. Whether a first home, downsizing, or a vacation getaway, this property offers a low-maintenance lifestyle in a central location.

Mortgage Calculator

Est. Monthly Payment

$4,715

Principal & Interest$3,333
Property Tax$600
Insurance$175
HOA$607
%($120,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Loma Portal Elementary · grades K-4 · San Diego Unified

  • Middle

    Correia Middle · grades 7-8 · San Diego Unified

  • High

    Point Loma 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

32C
Est. Monthly Rent
$2,998

8 leases of 1–3 bed condos & townhomes within 0.5 mi · $2,852–$3,147

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,717
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,907

What would make this work?

$2,907/mo short at 20% down; 90% down or +$3,775/mo rent closes it.

Break-even price

63% under asking

$221,480
Break-even rent

$3,775/mo above the estimate

$6,773/mo
Cashflow at 35% down
−$2,282/mo
Down payment to break even

$539,999 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,333
Cap Rate
1.15%
Cash-on-Cash
-29.07%
DSCR

Need ≥ 1.25 for DSCR loan

0.64

NOI (Annual)
$6,916
Price-to-Rent

Lower = better for investors

16.7

* 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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CCashflow−$2,907/mo