5553 Adobe Falls Road
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5553 Adobe Falls Road #1

C

San Diego, CA 92120

$490,000

Soft Appraisal Value: $495,800 · 1.2% below estimate

Beds

2

Baths

1.5

Sqft

883

Year Built

1973

Days on Market

50

Property Type

Condo

HOA/mo

$510

MLS ID

260007250SD

This property is in San Diego (92120). View neighborhood stats →

Virtual Tour

About This Property

Step into this bright and inviting FIRST FLOOR CORNER CONDO in a VA APPROVED COMPLEX, offering comfortable single level living with 2 bedrooms and 1.5 bathrooms in a centrally located community, filled with abundant natural light. Inside, the functional floor plan provides a seamless flow between the living, dining, and kitchen areas, perfect for both everyday living and entertaining. The kitchen features stainless steel appliances and a large built in pantry. This is one of the only units in the community featuring RARE in unit laundry, along with a handicap ramp and accessibility features within the unit for added convenience. The spacious primary bedroom offers privacy and abundant natural light, creating a relaxing retreat. The second bedroom provides flexible living options, ideal for guests, a home office, or additional living space. Both bedrooms include generous closet space, and the bathroom is thoughtfully designed with comfort and functionality in mind. Enjoy access to community amenities including a pool, spa, BBQ areas, and clubhouse, all set within beautifully landscaped grounds. Conveniently located near shopping, dining, parks, major freeway access, SDSU, and Hospitals.This property is located in a census tract designated as a High Cost Area. Program offers agency credits for an interest rate buydown.

Mortgage Calculator

Est. Monthly Payment

$3,621

Principal & Interest$2,478
Property Tax$490
Insurance$143
HOA$510
%($98,000)
%

Location

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Investment Score

38C
Est. Monthly Rent
$2,492
Monthly Cashflow

Rent − PITIA

$-1,129
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,110

Mortgage (P+I)
$2,478
Cap Rate
0.90%
Cash-on-Cash
-25.84%
DSCR

Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$5,233

NOI (Annual)
$4,410
Price-to-Rent

Lower = better for investors

16.4

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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