
350 Nutmeg St #105
Ctop 80%San Diego, CA 92103
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 →
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
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.
Comparable Properties
5 comps foundThis Property
$5,197
Comp Average
$5,056
4079 1st Avenue
3bd / 2.5ba · 1,769 sqft · Townhouse
$1.20M
Est. $4,959/mo
3711 Columbia Street
3bd / 2.5ba · 1,858 sqft · Townhouse
$1.18M
Est. $4,650/mo
3533 3rd Ave
3bd / 3.5ba · 2,257 sqft · Townhouse
$1.49M
Est. $5,603/mo
104 Lewis Street
3bd / 3ba · 1,878 sqft · Townhouse
$1.29M
Est. $4,814/mo
2604 5th Avenue
2bd / 2ba · 1,600 sqft · Condo
$1.70M
Est. $5,256/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
9 leases of 2–4 bed condos & townhomes within 0.5 mi · $4,449–$5,172
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,965/mo short at 20% down; 92% down or +$7,747/mo rent closes it.
- Break-even price
- $423,429
- Break-even rent
- $12,944/mo
- Cashflow at 35% down
- −$4,715/mo
- Down payment to break even
- 92%
- Rate to break even
- Not reachable
65% under asking
$7,747/mo above the estimate
$1,103,999 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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