700 Front
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700 Front #2303

C

San Diego, CA 92101

$3,895,000
NEW — 0d

Soft Appraisal Value: $2,427,500 · 60.5% above estimate

Beds

2

Baths

2.5

Sqft

2,660

Year Built

1986

Days on Market

0

Property Type

Condo

HOA/mo

$2,500

MLS ID

260014324SD

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

$27,226

Principal & Interest$19,695
Property Tax$3,895
Insurance$1,136
HOA$2,500
%($779,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$7,257
Monthly Cashflow

Rent − PITIA

$-19,969
Full Cashflow

Incl. vacancy, PM, maint, capex

$-24,884

Mortgage (P+I)
$19,695
Cap Rate
-1.60%
Cash-on-Cash
-38.33%
DSCR

Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$39,574

NOI (Annual)
$-62,267
Price-to-Rent

Lower = better for investors

44.7

* 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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