580 Camino De La Reina #120
Ctop 80%San Diego, CA 92108
6 licensed short-term rentals within ½ mile (1 whole home), from the cities' license and permit lists of Nov 9, 2026.
No unit in this 60-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$2,972/mo full cashflow at 20% down, 7.43% rate.
Works at $238,078 (62% under asking), or at 89% down.
Rent $3,130/mo from 8 leases of 2-bed condos & townhomes within 1 mi, same school area ($3,138–$3,576).
Beds
2
Baths
2
Sqft
1,274
Year Built
1991
Days on Market
47
Property Type
Condo
HOA/mo
$582
MLS ID
260023379SD
This property is in San Diego (92108). View neighborhood stats →
About This Property
Welcome to River Scene Condominiums, resort-style living in the heart of Mission Valley. This first-floor, turnkey unit offers 2 large bedrooms with walk-in closets, 2 full bathrooms, an updated kitchen with newer appliances, vinyl flooring throughout, and a recently updated fireplace that adds warmth and character to the living space. Community amenities include a pool, spa, fitness center, and a recreation room with a full kitchen, plus guest parking and well-maintained grounds. HOA covers water, sewer, trash, central fire alarm, exterior maintenance, and limited insurance. Steps from the River Walk Trail and minutes to Fashion Valley Mall, Snapdragon Stadium, SDSU, downtown, and the beaches, with easy access to I-8, I-805, and I-163. The nearby Riverwalk redevelopment, a $3 billion project that will bring new homes, retail, parks, and a future trolley stop, is expected to boost the area's value in the coming years. Move-in ready and perfectly located. Come see it for yourself.
Mortgage Calculator
Est. Monthly Payment
$4,861
Location
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Zoned Schools
Elementary
Nipaquay Elementary · grades K-5 · San Diego Unified
Middle
Taft 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
$3,130
Comp Average
$3,704
6747 Friars Rd
3bd / 2ba · 1,279 sqft · Condo
$619K
Est. $3,742/mo
510 Camino De La Reina
3bd / 2ba · 1,252 sqft · Condo
$659K
Est. $3,741/mo
2648 Prato Ln
2bd / 2ba · 1,297 sqft · Condo
$799K
Est. $3,954/mo
8233 Station Village Ln
2bd / 2ba · 1,274 sqft · Condo
$710K
Est. $3,488/mo
580 Camino De La Reina
3bd / 2ba · 1,252 sqft · Condo
$750K
Est. $3,594/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 2-bed condos & townhomes within 1 mi, same school area · $3,138–$3,576
Blended 50/50 with the zip's market median ($2,894)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,972/mo short at 20% down; 89% down or +$3,860/mo rent closes it.
- Break-even price
- $238,078
- Break-even rent
- $6,990/mo
- Cashflow at 35% down
- −$2,321/mo
- Down payment to break even
- 89%
- Rate to break even
- Not reachable
62% under asking
$3,860/mo above the estimate
$556,250 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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