2665 5th Avenue

2665 5th Avenue

Dbottom 20%

San Diego, CA 92103

$1,598,000
NEW — 0d
STR: check · no permits in this complex · TOT 12.75%

108 licensed short-term rentals within ½ mile (84 whole home), from the cities' license and permit lists of Nov 3, 2026.

No unit in this 44-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: -$10,021/mo full cashflow at 20% down, 7.49% rate.

Works at $298,778 (81% under asking); even all cash loses money at asking.

Rent $4,320/mo from 8 leases of 2-bed condos & townhomes within 0.5 mi ($4,730–$5,550).

Beds

2

Baths

2.5

Sqft

2,032

Year Built

2016

Days on Market

0

Property Type

Condo

HOA/mo

$1,022

MLS ID

PTP2608136

This property is in San Diego (92103). View neighborhood stats →

Virtual Tour

About This Property

SHOWS LIKE A MODEL, THIS GREAT UNIT AT VUE ON 5TH. AND READY TO MOVE IN. ENJOY OVER 2,000 S/F OF LIVING SPACE ON ONE LEVEL WITH LUXURIOUS MODERN FINISHES SUCH AS QUARTZ COUNTERTOPS, STONE BACK SPLASH, BOSCH STAINLESS STEEL APPLIANCES, WOOD FLOORS AND LED LIGHTING. BOTH BEDROOMSARE LARGE (DUAL MASTER SUITES) WITH SPACIOUS BATHROOMS AND WALK IN CLOSETS. LUXURY CONDO LOCATEDIN THE COVETED HEART OF BANKER'S HILL, WALK TO BALBOA PARK AND RESTAURANTS, GOOD SIZE BALCONY, HALF BATH WITH LAUNDRY ROOM, THIS HOME IS ALMOST NEVER USED, SHOWS LIKE BRAND NEW, FURNITURE IS NEGOTIABLE, A MUST SEE HOME !!!

Mortgage Calculator

Est. Monthly Payment

$12,016

Principal & Interest$8,930
Property Tax$1,598
Insurance$466
HOA$1,022
%($319,600)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Florence 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
$4,320

8 leases of 2-bed condos & townhomes within 0.5 mi · $4,730–$5,550

Blended 50/50 with the zip's market median ($3,583)

Monthly Cashflow

Rent − PITIA

-$7,696
Full Cashflow

Incl. vacancy, PM, maint, capex

-$10,021

What would make this work?

$10,021/mo short at 20% down; +$13,015/mo rent closes it.

Break-even price

81% under asking

$298,778
Break-even rent

$13,015/mo above the estimate

$17,335/mo
Cashflow at 35% down
−$8,347/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)
$8,930
Cap Rate
-0.66%
Cash-on-Cash
-37.63%
DSCR

Need ≥ 1.25 for DSCR loan

0.36

NOI (Annual)
-$10,503
Price-to-Rent

Lower = better for investors

30.8

* Modelled at 20% down, 7.49% 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
DCashflow−$10,021/mo