6556 College Grove Drive

6556 College Grove Drive

D

San Diego, CA 92115

$447,600

Beds

2

Baths

1

Sqft

854

Year Built

1981

Days on Market

51

Property Type

Condo

HOA/mo

$504

MLS ID

NDP2600371

Description

Welcome to this updated 2 bedroom, 1 bath ground level condo ideally located in a convenient central San Diego location. A beautifully remodeled stand up shower was completed just prior to listing, offering a fresh and modern update for the next owner. The community features abundant parking for both occupants and guests, with covered parking reserved for occupants and uncovered parking spaces throughout the community open to both residents and guests. This well maintained home includes interior paint and updated kitchen countertops completed in 2019. A Rheem central A/C system installed in 2018 provides year round comfort, while the gas fireplace adds warmth and charm to the living area. Enjoy indoor outdoor living with a private covered patio and the convenience of in unit laundry. Residents also enjoy access to the community pool and spa, perfect for relaxing or entertaining. The location is exceptional, with the College Grove Shopping Center within walking distance and easy access to Target, dining, parks, Chollas Lake, major freeways, and San Diego State University located approximately 2.5 miles away, with Downtown San Diego about a 10 minute drive. An additional benefit is that this community is not currently located within the updated San Diego County high fire severity zone following the August 2025 rezoning, helping reduce the need for costly supplemental fire insurance often required in designated fire hazard areas. This move in ready home offers comfort, convenience, excellent parking availability, and a central location close to everything San Diego has to offer.

Mortgage Calculator

Est. Monthly Payment

$3,345

Principal & Interest$2,263
Property Tax$448
Insurance$131
HOA$504
%($89,520)
%

Investment Score

3D
Est. Monthly Rent
$2,438
Monthly Cashflow

Rent − PITI − HOA

$-908
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,842

Mortgage (P+I)
$2,263
Cap Rate
1.13%
Cash-on-Cash
-24.69%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.73
Break-even Rent
$4,830

NOI (Annual)
$5,060
Price-to-Rent

Lower = better for investors

15.3

* 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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