5605 Friars Rd.
1 / 20

5605 Friars Rd. #295

C

San Diego, CA 92110

$415,000
NEW — 1d

Beds

1

Baths

1

Sqft

695

Year Built

1981

Days on Market

1

Property Type

Condo

HOA/mo

$506

MLS ID

260009264SD

This property is in San Diego (92110). View neighborhood stats →

About This Property

Opportunity meets location with this centrally located one-bedroom condo just minutes from University of San Diego—making it an ideal option for students looking to live off campus while building long-term real estate equity. Whether you're purchasing for a student, as an investment property, or as a first home, this is currently one of the lowest-priced units available in the area. Inside, the condo features beautiful hardwood floors and an open floor plan that creates a bright and comfortable living space. The large bedroom includes a walk-in closet, and the convenience of in-unit stackable laundry—a highly sought-after feature—adds everyday ease. Enjoy your own private patio and excellent functionality throughout the home. The unit includes one assigned parking space in the garage plus an additional permit for guest parking, and can also include two separate storage areas currently rented by the owner, offering valuable extra space rarely found with condos. Located in the heart of San Diego, you’re just minutes from Mission Bay, Old Town San Diego, Mission Valley, and Bay Park—giving you quick access to the best of the beach, bay, dining, and shopping. This central location makes the home perfect for first-time buyers, investors, or part-time owners looking for an affordable San Diego retreat. The condo is located within Presidio Place, a community known for its resort-style amenities including tennis courts, pickleball courts, pools, hot tubs, a recreation center, basketball hoop, ping pong table, and scenic ponds throughout the grounds. Residents may also opt into the community garden to grow their own fruits and vegetables. FHA and VA approved complex and conveniently located near the elevator.

Mortgage Calculator

Est. Monthly Payment

$3,141

Principal & Interest$2,098
Property Tax$415
Insurance$121
HOA$506
%($83,000)
%

Location

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Investment Score

43C
Est. Monthly Rent
$2,262
Monthly Cashflow

Rent − PITIA

$-878
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,745

Mortgage (P+I)
$2,098
Cap Rate
1.02%
Cash-on-Cash
-25.22%
DSCR

Need ≥ 1.25 for DSCR loan

0.72
Break-even Rent
$4,528

NOI (Annual)
$4,247
Price-to-Rent

Lower = better for investors

15.3

* 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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