2915 Lawrence Street #8
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2915 Lawrence Street #8

Dbottom 20%

San Diego, CA 92106

$1,225,000
STR: check · no permits in this complex · TOT 12.75%

11 licensed short-term rentals within ½ mile (7 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 16-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: -$6,869/mo full cashflow at 20% down, 7.36% rate.

Works at $326,217 (73% under asking); even all cash loses money at asking.

Rent $4,244/mo from 13 leases of 1–3 bed condos & townhomes within 2 mi ($4,002–$4,416).

Beds

2

Baths

2

Sqft

1,300

Year Built

1963

Days on Market

48

Property Type

Condo

HOA/mo

$775

MLS ID

260023470SD

This property is in San Diego (92106). View neighborhood stats →

Virtual Tour

About This Property

Park La Playa Condo offers breathtaking views of the San Diego skyline, peaceful San Diego Bay and Harbor. Enjoy Kellogg Beach close by and watch the yachts go by or throw in your fishing pole. This 2 bedroom, 2 bathroom corner unit located on the 2nd floor is completely remodeled with new carpet, LVP flooring, brand new kitchen with stylish frameless cabinets, SS appliances, and quartz counters. As you go down the hall there are built-ins on your way to the first bedroom. Across from the bedroom is the guest bathroom that has been remodeled with stylish finishes, micro cement, new shower, new flooring and quartz counters. Primary bedroom with bead board and new closet doors with built-ins. Private primary bathroom with designer touches,micro cement. Enjoy community pool, pool room, and on-site laundry, elevator, gated community, assign parking in garage. Close to Point Loma restaurants, yacht clubs and airport. Park La Playa Condo offers stunning views of the San Diego skyline, peaceful San Diego Bay and Harbor. Enjoy Kellogg Beach close by and watch the yachts go by. This 2 br/2 ba corner unit located on the 2nd floor is completely remodeled with new carpet, LVP flooring, brand new kitchen with stylish frameless cabinets, SS appliances, and quartz counters micro cement walls. As go down the hallway the first bedroom, with mirror closets is on your left and across from the bedroom is the guest bathroom that has been remodeled with stylish finishes, micro cement, new shower, new flooring and quartz counters. Next is the primary bedroom with bead board and new closet doors with built-ins. Private primary bathroom with designer touches /micro cement finish. Enjoy community pool, pool room, and on-site laundry, elevator, gated community, assign parking in garage. Close to Point Loma restaurants, yacht clubs and airport.

Mortgage Calculator

Est. Monthly Payment

$9,116

Principal & Interest$6,759
Property Tax$1,225
Insurance$357
HOA$775
%($245,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Cabrillo Elementary · grades PK-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

1D
Est. Monthly Rent
$4,244

13 leases of 1–3 bed condos & townhomes within 2 mi · $4,002–$4,416

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$4,872
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,869

What would make this work?

$6,869/mo short at 20% down; +$8,920/mo rent closes it.

Break-even price

73% under asking

$326,217
Break-even rent

$8,920/mo above the estimate

$13,164/mo
Cashflow at 35% down
−$5,601/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)
$6,759
Cap Rate
0.10%
Cash-on-Cash
-33.64%
DSCR

Need ≥ 1.25 for DSCR loan

0.47

NOI (Annual)
$1,227
Price-to-Rent

Lower = better for investors

24.1

* 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−$6,869/mo