
5553 Adobe Falls Road
BSan Diego, CA 92120
Soft Appraisal Value: $475,300 · 0.8% above estimate
Beds
2
Baths
2
Sqft
1,144
Year Built
1973
Days on Market
0
Property Type
Condo
HOA/mo
$510
MLS ID
PTP2603570
This property is in San Diego (92120). View neighborhood stats →
About This Property
Discover a rare combination of space, serenity, and value in the heart of Del Cerro. This 2nd-story, courtyard-facing residence in the Adobe Falls community offers 1,144 square feet of living space—significantly larger than your average two-bedroom condo. Whether you are an owner-occupant looking to lock in a home for a summer move-in or an investor seeking a high-demand rental near SDSU, this property delivers. Enjoy a "turn-key plus" experience with newer LVP flooring and paint. The expansive floor plan features a primary suite with a full bath, a generous second bedroom, and a second full guest bathroom. Positioned on the top floor, the unit benefits from vaulted ceilings and a quiet courtyard orientation that captures refreshing natural canyon breezes. While ready to enjoy today, there is ample room to build "sweat equity" through moderate kitchen and bath upgrades. Tucked away in a scenic pocket off Waring Road, you are minutes from the 8 freeway, Mission Valley, and the SDSU campus, yet miles away from the city hustle. The condo is also Less than 5 minutes to Mission Trails Regional Park for world-class hiking and mountain biking. Amenities include access to two pools, spas, a clubhouse, and on-site laundry facilities. *Includes 1 assigned parking space *Fully FHA and VA approved—a significant advantage in the current San Diego market. *No Mello-Roos and the HOA conveniently includes water, sewer, and trash. Priced to provide instant equity for the next owner—don’t miss this Del Cerro gem!
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Est. Monthly Payment
$3,551
Location
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Comparable Properties
5 comps foundThis Property
$2,803
Comp Average
$2,134
5432 Adobe Falls Rd
2bd / 1.5ba · 884 sqft · Condo
$400K
Est. $2,585/mo
6725 Mission Gorge Rd
1bd / 1ba · 662 sqft · Condo
$350K
Est. $2,064/mo
6675 Mission Gorge Road
1bd / 1ba · 626 sqft · Condo
$349K
Est. $2,062/mo
6725 Mission Gorge
1bd / 1ba · 662 sqft · Condo
$396K
Est. $2,028/mo
4957 Old Cliffs Rd
3bd / 2ba · 1,344 sqft · Manufactured
$297K
Est. $1,931/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Rent − PITIA
Incl. vacancy, PM, maint, capex
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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