
5645 Friars Rd #386
Btop 30%San Diego, CA 92110
One license per person in San Diego: whether you can hold it depends on you, not only the home.
22 licensed short-term rentals within ½ mile (18 whole home), from the cities' license and permit lists of Nov 9, 2026.
1 short-term rental license on file in this 67-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).
Pass at asking: -$2,513/mo full cashflow at 20% down, 7.43% rate.
Works at $322,896 (50% under asking), or at 76% down.
Rent $4,140/mo from 12 leases of 2–4 bed condos & townhomes within 1 mi, same school area ($3,357–$3,756).
Beds
3
Baths
2
Sqft
1,331
Year Built
1981
Days on Market
48
Property Type
Condo
HOA/mo
$708
MLS ID
260023248SD
This property is in San Diego (92110). View neighborhood stats →
About This Property
Top-floor corner units in Presidio Place don't come up often, and this one makes a strong case for why they go fast when they do. Vaulted ceilings, a fireplace, a wet bar, and two private balconies including a covered one off the primary suite give this layout a feel that most condos in this price range simply can't match. The honest story here is the price. Used as a second home and lovingly maintained over the years, the home has seen very little wear and shows it. The primary bath has been remodeled, and the rest of the home is in original condition and priced accordingly, which means the next owner gets to make every finish decision themselves without paying for someone else's taste. The guard-gated Presidio Place community adds real lifestyle value: resort-style pool, spa, tennis courts, and serene water features throughout the grounds. Two parking spaces and in-unit laundry are already included. The location is one of the most central in San Diego. Fashion Valley, USD, the San Diego River Bikeway, and the new Riverwalk development are all minutes away, with easy freeway access to downtown, the beaches, and everywhere else. For an owner-occupant ready to put their own stamp on a well-positioned, well-cared-for unit, this is the kind of opportunity where you bring the vision, do the work on your terms, and walk away with instant equity built in from day one.
Mortgage Calculator
Est. Monthly Payment
$5,159
Location
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Zoned Schools
Elementary
Carson Elementary · grades PK-5 · San Diego Unified
Middle
Montgomery Middle · grades 6-8 · San Diego Unified
High
Kearny Digital Media & Design · grades 9-12 · San Diego Unified
or Kearny School of Biomedical Science and Technology · grades 9-12 · San Diego Unified
or Kearny College Connections · grades 9-12 · San Diego Unified
or Kearny Eng Innov & Design · grades 9-12 · San Diego Unified
Choice area: the district lets families here pick either school.
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$4,140
Comp Average
$3,466
5645 Friars
3bd / 2ba · 1,331 sqft · Condo
$630K
Est. $4,140/mo
1124 Fresno Street
2bd / 2.5ba · 1,188 sqft · Condo
$656K
Est. $3,376/mo
5895 Friars Rd
2bd / 2ba · 1,176 sqft · Condo
$629K
Est. $3,064/mo
3098 Rue Dorleans
2bd / 2ba · 1,250 sqft · Condo
$710K
Est. $3,296/mo
3549 Shoreline Bluff Lane
2bd / 2.5ba · 1,386 sqft · Condo
$811K
Est. $3,454/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 2–4 bed condos & townhomes within 1 mi, same school area · $3,357–$3,756
Blended 50/50 with the zip's market median ($4,741)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,513/mo short at 20% down; 76% down or +$3,263/mo rent closes it.
- Break-even price
- $322,896
- Break-even rent
- $7,403/mo
- Cashflow at 35% down
- −$1,836/mo
- Down payment to break even
- 76%
- Rate to break even
- Not reachable
50% under asking
$3,263/mo above the estimate
$494,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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