5553 Adobe Falls Road
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5553 Adobe Falls Road

B

San Diego, CA 92120

$479,000
NEW — 0d

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 →

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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!

Mortgage Calculator

Est. Monthly Payment

$3,551

Principal & Interest$2,422
Property Tax$479
Insurance$140
HOA$510
%($95,800)
%

Location

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Investment Score

49B
Est. Monthly Rent
$2,803
Monthly Cashflow

Rent − PITIA

$-748
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,792

Mortgage (P+I)
$2,422
Cap Rate
1.58%
Cash-on-Cash
-22.45%
DSCR

Need ≥ 1.25 for DSCR loan

0.79
Break-even Rent
$5,130

NOI (Annual)
$7,562
Price-to-Rent

Lower = better for investors

14.2

* 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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