422 Rosecrans St #7
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422 Rosecrans St #7

Dbottom 20%

San Diego, CA 92106

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

13 licensed short-term rentals within ½ mile (8 whole home), from the cities' license and permit lists of Nov 11, 2026.

No unit in this 15-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: -$6,525/mo full cashflow at 20% down, 7.43% rate.

Works at $325,461 (72% under asking), or at all cash.

Rent $3,975/mo from 8 leases of 2-bed condos & townhomes within 2 mi ($3,650–$4,220).

Beds

2

Baths

2

Sqft

1,204

Year Built

1990

Days on Market

91

Property Type

Condo

HOA/mo

$561

MLS ID

260018376SD

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

Virtual Tour

About This Property

Reduced Price - Experience coastal living in this beautifully renovated single level condo in the highly desirable neighborhood of La Playa. Showcasing neutral finishes, this move-in ready condo offers the perfect blend of comfort, style, and convenience. The open floor plan offers a lovely kitchen, dining area & inviting living area which is highlighted by a cozy fireplace and abundant natural light. Energy efficient, modern mini-split heating & air conditioning provide year-round comfort, and the convenience of in-unit laundry makes everyday living easy. Enjoy peek views of the bay from the home, or head to the spectacular rooftop deck where sweeping views of the San Diego skyline and San Diego Bay create the perfect backdrop for morning coffee, sunset cocktails, or watching holiday fireworks. Additional amenities include two gated parking spaces, ample private garage storage, and elevator access from the garage to every level and the rooftop deck. Located just steps from Kellogg Beach, this lovely residence places you in the center of the coveted Point Loma lifestyle. Stroll to the SDYC or SWYC, spend the day paddle boarding or kayaking on the bay, explore Shelter Island's waterfront restaurants and walking paths, or enjoy the boutiques, cafés, and neighborhood charm of the Point Loma Village. Nearby marinas, world-class sport fishing, and endless outdoor recreation make every day feel like a vacation. This is a rare opportunity to enjoy turnkey coastal living in one of San Diego's most sought-after neighborhoods. Offered furnished, with the exception of art.

Mortgage Calculator

Est. Monthly Payment

$8,606

Principal & Interest$6,528
Property Tax$1,175
Insurance$343
HOA$561
%($235,000)
%
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

2D
Est. Monthly Rent
$3,975

8 leases of 2-bed condos & townhomes within 2 mi · $3,650–$4,220

Blended 50/50 with the zip's market median ($4,096)

Monthly Cashflow

Rent − PITIA

-$4,632
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,525

What would make this work?

$6,525/mo short at 20% down; 100% down or +$8,474/mo rent closes it.

Break-even price

72% under asking

$325,461
Break-even rent

$8,474/mo above the estimate

$12,449/mo
Cashflow at 35% down
−$5,301/mo
Down payment to break even

$1,175,000 cash

100%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,528
Cap Rate
0.21%
Cash-on-Cash
-33.32%
DSCR

Need ≥ 1.25 for DSCR loan

0.46

NOI (Annual)
$2,416
Price-to-Rent

Lower = better for investors

24.6

* 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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DCashflow−$6,525/mo