Renaissance Condo Deal – Perfect for Roommates

Posted on April 20, 2011 | by Denny Oh

renassiancecondodfloorplanThe Renaissance condos in downtown San Diego have a great, incredibly convenient location.  It’s across the street from Ralph’s grocery store, kitty-corner to Nordstrom and Horton Plaza, thee blocks to the famous Gaslamp District a few blocks away from the bay and the list goes on and on.  The D 1 and 2 floor plans at downtown San Diego’s Renaissance condo towers probably have the best layout for roommates that I’ve seen.  This (roughly) 1300 square foot 2br/2.5ba condo has two master bedrooms with en suite bathrooms and a powder room.  The bedrooms are on opposite sides of the condo and there’s a large, open living/diving area.

Both bedrooms are large and have walk in closets.  Another great feature about this floor plan, is that it’s a corner unit and has lots of windows – windows that slide ALL the way open, which does a pretty decent job of compensating for the lack of a balcony.

Currently there is one on the 6th floor, listed for $399K.  This is a short sale and it definitely needs some cleaning up, but it’s a good unit to buy.  There was a similar unit on the 5th floor that recently sold for $435K and another on the 7th floor for $439K.  Given the condition of the unit and the fact that it’s a short sale, I think someone is going to great a great deal on this.

Overall, I think this is a great floor plan in a great location.  Rents should be in the $2600-2800 range for these condos(depending on how the market is at the time, which floor you’re on, etc).  It might not be the best cash flow generator, but you’ll also want to take into consideration the appreciation that may or may not see.

If you’re looking for an investment, a second home, or just a home in San Diego, please give me a call. 

Denny Oh 858-243-2092

thumbnailClick here to see what’s for sale at the Renaissance condos in downtown San Diego.

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