645 Front St #1603
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645 Front St #1603

Ctop 80%

San Diego, CA 92101

$1,100,000
NEW — 1d
STR: check · no permits in this complex · TOT 13.75%

121 licensed short-term rentals within ½ mile (90 whole home), from the cities' license and permit lists of Nov 5, 2026.

No unit in this 42-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: -$5,542/mo full cashflow at 20% down, 7.49% rate.

Works at $381,558 (65% under asking), or at 93% down.

Rent $5,788/mo from 6 leases in this building ($4,949–$5,823).

Beds

2

Baths

2.5

Sqft

1,713

Year Built

2003

Days on Market

1

Property Type

Condo

HOA/mo

$1,514

MLS ID

260026241SD

This property is in San Diego (92101). View neighborhood stats →

Virtual Tour

About This Property

Step inside this spacious corner home and you’re immediately struck by how light and airy it feels, with extensive views stretching across downtown and glimpses of the bay beyond. As you enter, the hallway creates a welcoming sense of arrival, so guests aren’t stepping directly into the living space. Warm polished cherry wood floors run through the hallway and main living area, adding a rich feel, while the bedrooms are comfortably carpeted. The east-facing orientation is one of the home’s real pleasures. You’ll enjoy the morning sunshine while avoiding the stronger heat of the afternoon. The generously sized kitchen offers plenty of room to cook and gather around the large island. It’s exceptionally well equipped with a hidden pantry, drawer organizers, a new oven, a convection microwave, and Sub-Zero refrigerator/freezer. Both bedrooms offer the privacy of en-suite bathrooms. A half bathroom conveniently sits just off the hallway. Step outside onto the balcony and you’ll find a wonderfully private space with vibrant city views, along with the Coronado bridge and Petco Park. Part of the balcony is glassed in so you can enjoy it all year round. You’ll have two side-by-side parking spaces, both equipped with EV charging, plus a large storage cage. It’s a home that combines light, views, privacy, generous proportions, and practical convenience with the layout and details you appreciate as you walk through. Renaissance offers resort style amenities along with in-house maintenance and in-house mgmt located in the quiet Marina District with the Rady Shell just a few blocks away.

Mortgage Calculator

Est. Monthly Payment

$9,082

Principal & Interest$6,147
Property Tax$1,100
Insurance$321
HOA$1,514
%($220,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Washington Elementary · grades PK-5 · San Diego Unified

  • Middle

    Roosevelt International Middle · grades 6-8 · San Diego Unified

  • High

    San Diego High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

10C
Est. Monthly Rent
$5,788

6 leases in this building · $4,949–$5,823

Monthly Cashflow

Rent − PITIA

-$3,294
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,542

What would make this work?

$5,542/mo short at 20% down; 93% down or +$7,197/mo rent closes it.

Break-even price

65% under asking

$381,558
Break-even rent

$7,197/mo above the estimate

$12,985/mo
Cashflow at 35% down
−$4,389/mo
Down payment to break even

$1,023,000 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,147
Cap Rate
0.98%
Cash-on-Cash
-30.23%
DSCR

Need ≥ 1.25 for DSCR loan

0.64

NOI (Annual)
$10,734
Price-to-Rent

Lower = better for investors

15.8

* Modelled at 20% down, 7.49% 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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CCashflow−$5,542/mo