580 Camino De La Reina #229
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 6, 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: -$3,417/mo full cashflow at 20% down, 7.43% rate.
Works at $304,985 (59% under asking), or at 86% down.
Rent $3,798/mo from 8 leases of 2–4 bed condos & townhomes within 0.5 mi ($3,242–$3,762).
Beds
3
Baths
2
Sqft
1,252
Year Built
1991
Days on Market
0
Property Type
Condo
HOA/mo
$582
MLS ID
IV26237963
This property is in San Diego (92108). View neighborhood stats →
About This Property
Rare opportunity to own one of only nine 3-bedroom residences in the highly desirable River Scene community! This stunning, move-in-ready corner unit is ideally situated near the pool and offers beautiful views of the San Diego River. Featuring a brand-new designer kitchen with stainless steel appliances, beautifully remodeled bathrooms, all-new flooring throughout, fresh interior paint, and a brand-new air conditioning system, this home offers the perfect blend of modern style and comfort. The residence also includes two underground secured parking spaces located right next to the elevator! River Scene is a beautifully maintained, gated community featuring lush landscaping, tranquil fountains, a resort-style swimming pool, spa, fitness center, clubhouse, BBQ area, and secured underground parking. Ideally located in the heart of Mission Valley, residents enjoy convenient access to premier shopping, dining, entertainment, major freeways, and San Diego's beautiful beaches. With only nine 3-bedroom residences in the entire community, opportunities like this rarely come available. Don't miss out!
Mortgage Calculator
Est. Monthly Payment
$5,717
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
$3,798
Comp Average
$3,746
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. $3,778/mo
2958 Escala Circle
3bd / 3ba · 1,279 sqft · Condo
$775K
Est. $4,226/mo
640 Camino De La Reina
3bd / 2ba · 1,330 sqft · Condo
$695K
Est. $3,851/mo
580 Camino De La Reina
2bd / 2ba · 1,274 sqft · Condo
$625K
Est. $3,134/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 2–4 bed condos & townhomes within 0.5 mi · $3,242–$3,762
Blended 50/50 with the zip's market median ($4,114)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,417/mo short at 20% down; 86% down or +$4,438/mo rent closes it.
- Break-even price
- $304,985
- Break-even rent
- $8,236/mo
- Cashflow at 35% down
- −$2,636/mo
- Down payment to break even
- 86%
- Rate to break even
- Not reachable
59% under asking
$4,438/mo above the estimate
$644,914 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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