
700 Front 2303
Dbottom 20%San Diego, CA 92101
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.
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Est. Monthly Payment
$25,043
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.
Comparable Properties
5 comps foundThis Property
$6,467
Comp Average
$7,736
877 Island Avenue
3bd / 2.5ba · 2,914 sqft · Condo
$2.65M
Est. $9,274/mo
700 Front Street
2bd / 2.5ba · 2,810 sqft · Condo
$3.95M
Est. $6,647/mo
700 Front Street
2bd / 2.5ba · 2,260 sqft · Condo
$2.55M
Est. $5,961/mo
1262 Kettner
2bd / 2.5ba · 2,981 sqft · Condo
$3.69M
Est. $11,213/mo
100 Harbor Drive
1bd / 2ba · 2,492 sqft · Condo
$1.98M
Est. $5,583/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
1 lease in this building (±1 bed)
Thin data: only 1 lease behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$22,772/mo short at 20% down; +$29,573/mo rent closes it.
- Break-even price
- $297,725
- Break-even rent
- $36,040/mo
- Cashflow at 35% down
- −$19,366/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
91% under asking
$29,573/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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