2855 5th #202
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2855 5th #202

Dbottom 20%

San Diego, CA 92103

$2,175,000
NEW — 1d
STR: check · no permits in this complex · TOT 12.75%

57 licensed short-term rentals within ½ mile (34 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 60-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: -$15,552/mo full cashflow at 20% down, 7.36% rate.

Works at $139,890 (94% under asking); even all cash loses money at asking.

Rent $4,294/mo from 12 leases of 1–3 bed condos & townhomes within 0.5 mi ($4,463–$5,395).

Beds

2

Baths

2.5

Sqft

1,920

Year Built

2018

Days on Market

1

Property Type

Condo

HOA/mo

$2,237.11

MLS ID

260026910SD

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

About This Property

Discover a rare opportunity at The Park in Bankers Hill with this exceptional single-level residence home on the second floor, perfectly positioned for effortless access to the building's resort-inspired amenities and guest suites. This one-of-a-kind home is a dream for pet owners and avid walkers, offering direct, convenient access to the outdoors and the vibrant energy of Balboa Park just across the street. Inside, floor-to-ceiling windows bathe the open-concept living space in natural light, highlighting a chef's kitchen with Miele appliances, Italian Boffi cabinetry, and a striking Caesar stone waterfall island, all complemented by Du Château hardwood floors and custom lighting. The generous primary suite provides a serene retreat with a spa-like bath and a large walk-in closet, while additional bedroom suite on the other side of the condo offers flexibility for guests or a home office. Practical luxuries include side-by-side parking with EV charging and a spacious private storage unit. Residents enjoy an unmatched level of service and access to a pool and spa, a state-of-the-art fitness center, a yoga studio, a club-room, an outdoor lounge with fire pits and barbecues, a temperature-controlled wine room, a pet spa, and two fully furnished guest suites available five nights a month for a nominal cleaning fee. Set across from the cultural, culinary, and coastal attractions of San Diego, this home presents an unparalleled opportunity to embrace an elevated lifestyle in one of the city's most architecturally significant buildings.

Mortgage Calculator

Est. Monthly Payment

$17,046

Principal & Interest$12,000
Property Tax$2,175
Insurance$634
HOA$2,237
%($435,000)
%
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
$4,294

12 leases of 1–3 bed condos & townhomes within 0.5 mi · $4,463–$5,395

Blended 50/50 with the zip's market median ($3,672)

Monthly Cashflow

Rent − PITIA

-$12,752
Full Cashflow

Incl. vacancy, PM, maint, capex

-$15,552

What would make this work?

$15,552/mo short at 20% down; +$20,198/mo rent closes it.

Break-even price

94% under asking

$139,890
Break-even rent

$20,198/mo above the estimate

$24,492/mo
Cashflow at 35% down
−$13,302/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)
$12,000
Cap Rate
-1.84%
Cash-on-Cash
-42.90%
DSCR

Need ≥ 1.25 for DSCR loan

0.25

NOI (Annual)
-$40,050
Price-to-Rent

Lower = better for investors

42.2

* 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.

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DCashflow−$15,552/mo