700 Front 2303

700 Front 2303

Dbottom 20%

San Diego, CA 92101

$3,250,000
STR: check · no permits in this complex · TOT 13.75%

109 licensed short-term rentals within ½ mile (83 whole home), from the cities' license and permit lists of Nov 1, 2026.

No unit in this 52-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: -$22,772/mo full cashflow at 20% down, 7.49% rate.

Works at $297,725 (91% under asking); even all cash loses money at asking.

Rent $6,467/mo from 1 lease in this building (±1 bed).

Beds

2

Baths

3

Sqft

2,660

Year Built

1986

Days on Market

—

Property Type

Condo

HOA/mo

$2,683

MLS ID

260026079SD

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

About This Property

Situated on the 23rd floor of Meridian, Residence 2303 captures breathtaking southwest-facing views of San Diego Bay, Coronado, the Coronado Bridge, Point Loma, the Downtown skyline, and even Mexico. Extensively renovated, this spacious 2-bedroom, 2.5-bath home combines impressive scale with sophisticated contemporary design, featuring approximately 10-foot ceilings, large-format tile flooring, and power shades throughout. The chef's kitchen showcases Taj Mahal quartzite countertops and backsplash, custom cabinetry, a massive island with induction cooktop, separate refrigerator and freezer columns, dual wine refrigerators, and an oversized pantry/laundry room. Fleetwood collapsible doors open the living room to a private terrace, creating seamless indoor-outdoor living. The primary suite offers dramatic corner views, a walk-in closet, and a spa-inspired bath with heated floors, floating vanity, freestanding soaking tub, oversized shower, Toto Washlet, and private water closet. A flexible guest suite can function as a traditional bedroom or open to the living area through oversized sliding panels, making it ideal for entertaining. It also includes a walk-in closet, ensuite bath, and private balcony. Meridian is Downtown San Diego's only full-service luxury high-rise, offering valet parking, doormen, concierge, porter service, 24-hour security, onsite management, EV charging, two fitness centers, five guest suites, and a rooftop deck with pool, spa, citrus gardens, and private lounging areas. Lobby and common area renovations are underway with no special assessments.

Mortgage Calculator

Est. Monthly Payment

$25,043

Principal & Interest$18,162
Property Tax$3,250
Insurance$948
HOA$2,683
%($650,000)
%
Loan Term

Location

Loading map...

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

0D
Est. Monthly Rent
$6,467

1 lease in this building (±1 bed)

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$18,576
Full Cashflow

Incl. vacancy, PM, maint, capex

-$22,772

What would make this work?

$22,772/mo short at 20% down; +$29,573/mo rent closes it.

Break-even price

91% under asking

$297,725
Break-even rent

$29,573/mo above the estimate

$36,040/mo
Cashflow at 35% down
−$19,366/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$18,162
Cap Rate
-1.58%
Cash-on-Cash
-42.04%
DSCR

Need ≥ 1.25 for DSCR loan

0.26

NOI (Annual)
-$51,437
Price-to-Rent

Lower = better for investors

41.9

* 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.

Open Full Calculator
DCashflow−$22,772/mo