350 Nutmeg St #105
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350 Nutmeg St #105

Ctop 80%

San Diego, CA 92103

$1,199,999
STR: check · no permits in this complex · TOT 12.75%

133 licensed short-term rentals within ½ mile (105 whole home), from the cities' license and permit lists of Nov 10, 2026.

No unit in this 34-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: -$5,965/mo full cashflow at 20% down, 7.43% rate.

Works at $423,429 (65% under asking), or at 92% down.

Rent $5,197/mo from 9 leases of 2–4 bed condos & townhomes within 0.5 mi ($4,449–$5,172).

Beds

3

Baths

3

Sqft

1,763

Year Built

2004

Days on Market

97

Property Type

Townhouse

HOA/mo

$750

MLS ID

260018996SD

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

Virtual Tour

About This Property

Rarely available townhome-style living in the heart of Bankers Hill. Welcome to 350 Nutmeg Street #105, a beautifully maintained three-bedroom, three-bath residence that offers the space and feel of a private home with the convenience of low-maintenance living. Unlike a traditional downtown condo, this thoughtfully designed floor plan features a full bedroom and bathroom on the main level, along with two spacious upstairs bedrooms, each with its own private ensuite bathroom, making it ideal for guests, roommates, or multi-generational living. Move-in ready and filled with natural light, the home offers inviting front and back patios, creating the perfect spaces to enjoy your morning coffee or unwind after work. The gated community provides added privacy and security, while two assigned parking spaces in the underground garage with elevator access make everyday living effortless. Step outside and enjoy one of San Diego's most desirable neighborhoods. Just blocks from Balboa Park and directly across from a neighborhood park, you'll love having coffee shops, restaurants, museums, and endless outdoor recreation just moments from your front door. Whether you're looking for a primary residence, lock-and-leave second home, or an investment in one of San Diego's most walkable communities, this home offers an exceptional opportunity to enjoy the very best of Bankers Hill living. Come experience why homes with this layout, location, and lifestyle rarely become available.

Mortgage Calculator

Est. Monthly Payment

$8,966

Principal & Interest$6,666
Property Tax$1,200
Insurance$350
HOA$750
%($240,000)
%
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

10C
Est. Monthly Rent
$5,197

9 leases of 2–4 bed condos & townhomes within 0.5 mi · $4,449–$5,172

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$3,769
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,965

What would make this work?

$5,965/mo short at 20% down; 92% down or +$7,747/mo rent closes it.

Break-even price

65% under asking

$423,429
Break-even rent

$7,747/mo above the estimate

$12,944/mo
Cashflow at 35% down
−$4,715/mo
Down payment to break even

$1,103,999 cash

92%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,666
Cap Rate
0.96%
Cash-on-Cash
-29.82%
DSCR

Need ≥ 1.25 for DSCR loan

0.58

NOI (Annual)
$11,539
Price-to-Rent

Lower = better for investors

19.2

* 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−$5,965/mo