2728 Ariane Dr #52
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2728 Ariane Dr #52

Btop 30%

San Diego, CA 92117

$515,000
STR: check · no permits in this complex · TOT 12.75%

15 licensed short-term rentals within ½ mile (7 whole home), from the cities' license and permit lists of Nov 10, 2026.

No unit in this 80-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: -$2,381/mo full cashflow at 20% down, 7.43% rate.

Works at $204,868 (60% under asking), or at 87% down.

Rent $2,836/mo from 20 leases of studio–2 bed condos & townhomes within 2 mi ($2,872–$3,494).

Beds

1

Baths

1

Sqft

810

Year Built

1981

Days on Market

109

Property Type

Condo

HOA/mo

$610

MLS ID

PTP2605580

This property is in San Diego (92117). View neighborhood stats →

Virtual Tour

About This Property

Presenting Canyon Rim, located in the scenic neighborhood of Bay Ho! This spacious 1-bedroom, 1-bath condominium offering 810 square feet of living space that feels more like a townhome. Tastefully maintained, this inviting home captures refreshing coastal breezes and features an open-concept layout designed for comfortable everyday living. The spacious living room flows seamlessly into the welcoming kitchen, complete with stainless steel appliances and a cozy eat-in dining nook. Step outside to your private enclosed patio, the perfect place to enjoy your morning coffee or unwind on a cool Southern California evening. Upstairs, the generous primary suite offers dual closets and a finished attic, providing abundant storage rarely found in homes of this size. Unit 52 also features direct access to an attached one-car garage with additional storage space and a full-size washer and dryer. Canyon Rim residents enjoy Resort-style amenities, including Tennis and Pickleball courts, a Swimming pool, Spa, BBQ area, recreation room, and some street parking throughout the community. Ideally located in the desirable Bay Ho neighborhood, you'll be just minutes from Costco, Interstate 5, State Route 52, Mission Bay, local beaches, SeaWorld, San Diego International Airport, shopping, dining, and everything San Diego has to offer.

Mortgage Calculator

Est. Monthly Payment

$4,136

Principal & Interest$2,861
Property Tax$515
Insurance$150
HOA$610
%($103,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Alcott Elementary · grades PK-5 · San Diego Unified

  • Middle

    Marston Middle · grades 6-8 · San Diego Unified

  • High

    Clairemont 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

41B
Est. Monthly Rent
$2,836

20 leases of studio–2 bed condos & townhomes within 2 mi · $2,872–$3,494

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$1,300
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,381

What would make this work?

$2,381/mo short at 20% down; 87% down or +$3,093/mo rent closes it.

Break-even price

60% under asking

$204,868
Break-even rent

$3,093/mo above the estimate

$5,929/mo
Cashflow at 35% down
−$1,845/mo
Down payment to break even

$448,050 cash

87%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,861
Cap Rate
1.45%
Cash-on-Cash
-27.75%
DSCR

Need ≥ 1.25 for DSCR loan

0.69

NOI (Annual)
$7,456
Price-to-Rent

Lower = better for investors

15.1

* 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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BCashflow−$2,381/mo