700 Front St

700 Front St #605

D

San Diego, CA 92101

$1,995,000

Soft Appraisal Value: $1,926,500 · 3.6% above estimate

Beds

2

Baths

2.5

Sqft

2,230

Year Built

1986

Days on Market

25

Property Type

Condo

HOA/mo

$2,443

MLS ID

260005646SD

Description

Experience true full-service luxury living at the iconic Meridian in San Diego’s Marina District. This beautifully positioned property offers one of the building’s most desirable layouts with southwest exposure, filling the home with natural light while capturing city and bay views. Expansive windows wrap the main living areas, creating a bright and open atmosphere that seamlessly connects indoor living with the spacious private terrace—perfect for enjoying San Diego sunsets and coastal breezes. Life at The Meridian offers a truly elevated full-service lifestyle with 24-hour concierge, doorman, valet parking, porter service, on-site management, and security. Residents enjoy resort-style amenities including a heated pool, spa, fire-pit lounge areas, cabanas, BBQ areas, and a beautifully landscaped outdoor plaza spanning over half an acre. The building also features two fully equipped 24-hour fitness centers with saunas and steam rooms, Peloton bikes, guest suites, conference and entertainment rooms, and a wide range of resident services and social events. Perfectly located, you are just moments from the waterfront, Seaport Village, Little Italy, world-class dining, shopping, and San Diego’s vibrant cultural and entertainment scene. Meridian is known for its exceptional construction, including approximately 32 inches between floors—a rare feature providing superior sound insulation and privacy. This is more than a residence — it’s a lifestyle of service, luxury, and effortless downtown living in one of San Diego’s most distinguished high-rise communities. More than a residence — it’s a lifestyle. PLEASE REFER TO THE ATTACHED DOCUMENTS FOR IMPORTANT INFORMATION REGARDING UNIT #605 AND THE MERIDIAN COMMUNITY. The lobby is currently undergoing a full renovation and is expected to be completed by the end of March or early April.

Mortgage Calculator

Est. Monthly Payment

$15,108

Principal & Interest$10,088
Property Tax$1,995
Insurance$582
HOA$2,443
%($399,000)
%

Investment Score

0D
Est. Monthly Rent
$7,645
Monthly Cashflow

Rent − PITIA

$-7,463
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,884

Mortgage (P+I)
$10,088
Cap Rate
-0.48%
Cash-on-Cash
-32.73%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.51
Break-even Rent
$21,780

NOI (Annual)
$-9,550
Price-to-Rent

Lower = better for investors

21.7

* 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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