555 Front Street #204
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555 Front Street #204

Dbottom 20%

San Diego, CA 92101

$1,960,000
STR: check · no permits in this complex · TOT 13.75%

108 licensed short-term rentals within ½ mile (88 whole home), from the cities' license and permit lists of Nov 11, 2026.

No unit in this 7-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: -$11,899/mo full cashflow at 20% down, 7.43% rate.

Works at $410,780 (79% under asking); even all cash loses money at asking.

Rent $6,200/mo from 1 lease in this building.

Beds

2

Baths

2.5

Sqft

1,966

Year Built

2002

Days on Market

144

Property Type

Condo

HOA/mo

$1,618.85

MLS ID

260014888SD

This property is in San Diego (92101). View neighborhood stats →

Virtual Tour

About This Property

Horizons #204 is a one-of-a-kind Marina District residence with a rare three-level loft-inspired design, dramatic 15-foot ceilings, soaring windows, and extraordinary indoor/outdoor living, including over 1,100 sq. ft. of private patio, balcony, and deck space. Extensively remodeled by Studio Simic, the home blends NYC-inspired industrial character with refined modern finishes, including brick veneer walls, custom black-stained rift-sawn oak SieMatic cabinetry, Thermador appliances, backlit stone surfaces, Lutron RA3 smart lighting, porcelain tile flooring, and a reimagined open-plan layout. The mezzanine level adds flexible office/lounge space with a custom wet bar, while the approximately 625 sq. ft. private rooftop terrace features a built-in BBQ and Nano door access. 2 parking spaces and additional secured storage. Horizons offers 24-hour staffed security, pool, spa, fitness center, onsite management, and a prime Marina District location. See supplement for further details… A truly distinctive offering in Horizons, Residence 204 feels more like a private urban loft than a typical Downtown condo. This rare three-level Marina District home combines dramatic 15-foot ceilings, soaring windows, and over 1,100 sq. ft. of private patio, balcony, and deck space, including an approximately 625 sq. ft. rooftop terrace with built-in BBQ and Nano door access. Extensively remodeled by Studio Simic, the residence reflects a level of design, customization, and finish continuity rarely found in the building. The cohesive NYC-inspired industrial design carries across all levels, with brick veneer on the interior-facing exterior walls, dark architectural window framing, black stair railings, porcelain tile flooring, custom lighting, and a reconfigured open-plan layout that gives the residence a strong architectural identity. The kitchen was redesigned around an extended island with backlit stone slab countertops and backsplash, custom black-stained rift-sawn oak SieMatic cabinetry, Thermador appliances, an integrated island range hood, under-cabinet lighting, and an enlarged walk-in pantry created by relocating the powder bath entry. The mezzanine level adds valuable flex space with a custom wet bar and copper basin sink, making it ideal for an office, lounge, media area, or entertaining space. The home also includes two new air handlers, Lutron RA3 smart lighting, upgraded bathrooms with stone slab surfaces, a primary bath with dual shower heads and electronic/digital shower controls, humidity-sensing exhaust fans, ventless washer/dryer, 2 parking spaces, and additional secured storage. Located on the pool deck level near the fitness center, the residence offers convenient access without relying on the main lobby elevator. Horizons remains one of the Marina District’s most desirable residential high-rises, with 24-hour staffed security, onsite management, pool, spa, fitness center, billiard room, conference room, and ample guest parking. The location is just as strong, with Ralphs Signature Market directly across the street and easy access to the waterfront, Seaport Village, The Rady Shell, Petco Park, theatres, parks, dining, shopping, and the best of Downtown San Diego. HOA documents show 1966 sq ft, assessor's record shows 1734 sq ft.

Mortgage Calculator

Est. Monthly Payment

$15,039

Principal & Interest$10,889
Property Tax$1,960
Insurance$572
HOA$1,619
%($392,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Washington 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
$6,200

1 lease in this building

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$8,839
Full Cashflow

Incl. vacancy, PM, maint, capex

-$11,899

What would make this work?

$11,899/mo short at 20% down; +$15,453/mo rent closes it.

Break-even price

79% under asking

$410,780
Break-even rent

$15,453/mo above the estimate

$21,653/mo
Cashflow at 35% down
−$9,857/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)
$10,889
Cap Rate
-0.43%
Cash-on-Cash
-36.42%
DSCR

Need ≥ 1.25 for DSCR loan

0.41

NOI (Annual)
-$8,402
Price-to-Rent

Lower = better for investors

26.3

* 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−$11,899/mo