640 Camino De La Reina
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640 Camino De La Reina #1109

D

San Diego, CA 92108

$749,000
NEW — 0d on market

Soft Appraisal Value: $744,300 · 0.6% above estimate

Beds

2

Baths

2.5

Sqft

1,479

Year Built

1995

Days on Market

0

Property Type

Condo

HOA/mo

$750

MLS ID

260008345SD

This property is in San Diego (92108). View neighborhood stats →

About This Property

Welcome to Rio del Oro, one of Mission Valley’s most central and sought-after gated communities. Tucked away in a quiet interior courtyard, Unit #1109 offers a rare 2-bedroom plus office layout that perfectly balances a peaceful retreat with immediate access to two premier malls, fine dining, and the Trolley. **Property has a VA assumable loan at a 5.5% interest rate for qualified buyers.** The main floor is designed for easy living, featuring an updated kitchen with granite counters, stainless steel appliances, and ample cabinet storage that opens to a dedicated dining area. A functional corner fireplace anchors the space between the kitchen and the living room. One of the home's standout features is the private home office, enclosed by a glass French door and fully built out with a custom desk, bookshelves, and storage drawers. From the living area, slide open the doors to an oversized private patio, where the sounds of courtyard fountains and the shade of palms create a resort-like atmosphere. Upstairs, you’ll find two spacious bedrooms, each with its own private bathroom. Both rooms offer direct access to a shared upper balcony, perfect for catching the evening breeze. Life at Rio del Oro feels like a resort, with a pool, hot tub, and gym just steps from your door. Right behind the pool area, you’ll find direct access to the San Diego River Trail, a scenic path that allows joggers and cyclists to travel all the way to Ocean Beach. HOA covers water, sewer, and trash, while the unit includes two assigned corner spots in the parking garage for extra space and easy access. It is a rare find that perfectly combines work-from-home utility with immediate access to San Diego’s best nature trails and urban amenities.

Mortgage Calculator

Est. Monthly Payment

$5,505

Principal & Interest$3,787
Property Tax$749
Insurance$218
HOA$750
%($149,800)
%

Location

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Investment Score

2D
Est. Monthly Rent
$3,638
Monthly Cashflow

Rent − PITIA

$-1,866
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,327

Mortgage (P+I)
$3,787
Cap Rate
0.74%
Cash-on-Cash
-26.65%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.66
Break-even Rent
$7,959

NOI (Annual)
$5,521
Price-to-Rent

Lower = better for investors

17.2

* 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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