1080 Park Blvd #413
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1080 Park Blvd #413

Btop 30%

San Diego, CA 92101

$429,000
STR: check · no permits in this complex · TOT 13.75%

166 licensed short-term rentals within ½ mile (127 whole home), from the cities' license and permit lists of Nov 8, 2026.

No unit in this 90-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: -$1,987/mo full cashflow at 20% down, 7.43% rate.

Works at $170,215 (60% under asking), or at 87% down.

Rent $2,684/mo from 4 leases in this building ($2,650–$3,034).

Beds

2

Baths

1

Sqft

731

Year Built

2007

Days on Market

99

Property Type

Condo

HOA/mo

$759

MLS ID

260018812SD

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

Virtual Tour

About This Property

Welcome to Smart Corner, one of East Village’s most desirable urban communities. Perched on the fourth level, this beautifully remodeled loft showcases an industrial-chic aesthetic with floor-to-ceiling windows, exposed concrete accents, abundant natural light, and sweeping city views, creating a bright and sophisticated living environment. Offering approximately 731 square feet, the thoughtfully designed open-concept floor plan features two separate bedrooms, a remodeled kitchen with stainless steel appliances, an updated bathroom, in-unit laundry, a private covered balcony, and fresh interior paint. Every detail has been thoughtfully enhanced to provide the perfect blend of modern style, comfort, and functionality. Enjoy unmatched convenience with 7-Eleven, Subway and Cafe located on the ground floor, while City College, Trolley, the Gaslamp Quarter, Petco Park, Balboa Park, restaurants, shopping, entertainment, and major freeways are all just moments away. The secure underground garage includes one assigned parking space and offers convenient access to Highways 163 and Interstate 5, making commuting effortless. Residents enjoy an impressive collection of resort-style amenities, including a fully equipped fitness center, community garden, panoramic rooftop deck with a spa, hot tub, BBQ grills, and breathtaking views of downtown San Diego, Coronado, and the surrounding coastline. VA approved and ideal for both owner-occupants and investors, this residence presents a rare opportunity to enjoy stylish urban living in one of downtown San Diego’s most vibrant neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$3,696

Principal & Interest$2,383
Property Tax$429
Insurance$125
HOA$759
%($85,800)
%
Loan Term

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.

Investment Score

45B
Est. Monthly Rent
$2,684

4 leases in this building · $2,650–$3,034

Monthly Cashflow

Rent − PITIA

-$1,012
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,987

What would make this work?

$1,987/mo short at 20% down; 87% down or +$2,581/mo rent closes it.

Break-even price

60% under asking

$170,215
Break-even rent

$2,581/mo above the estimate

$5,265/mo
Cashflow at 35% down
−$1,540/mo
Down payment to break even

$373,230 cash

87%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,383
Cap Rate
1.48%
Cash-on-Cash
-27.79%
DSCR

Need ≥ 1.25 for DSCR loan

0.73

NOI (Annual)
$6,365
Price-to-Rent

Lower = better for investors

13.3

* Modelled at 20% down, 7.43% 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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BCashflow−$1,987/mo