1080 Park Blvd #1802
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1080 Park Blvd #1802

Dbottom 20%

San Diego, CA 92101

$899,999
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 24-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: -$5,007/mo full cashflow at 20% down, 7.43% rate.

Works at $248,061 (72% under asking); even all cash loses money at asking.

Rent $3,866/mo from 4 leases in this building ($3,818–$4,371).

Beds

2

Baths

2.5

Sqft

1,517

Year Built

2007

Days on Market

94

Property Type

Condo

HOA/mo

$1,071.96

MLS ID

260019203SD

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

Virtual Tour

About This Property

Step into one of only two exclusive penthouses at Smart Corner, where sophistication meets unparalleled city living. This spacious northwest corner residence vaunts panoramic views of the Downtown skyline, San Diego Bay, and the Pacific Ocean—framed by floor-to-ceiling windows and two private balconies. A true unicorn in the market, this meticulously maintained home blends elegance with modern comfort. The open-concept layout features split dual bedroom suites, each with its own ensuite bathroom. The gourmet kitchen is a chef’s delight, equipped with stainless steel appliances, granite countertops, and a stylish eat-at bar adorned with elegant pendant lighting. Rich Tiger Wood flooring flows seamlessly throughout, adding warmth to the bright, airy space, while a convenient powder room ensures effortless entertaining. The primary suite is a private oasis, complete with a walk-in closet and a balcony that opens to serene views of Balboa Park and distant mountain peaks. A second ensuite bedroom provides comfort for guests or a home office with a view. Plus, enjoy the convenience of side-by-side parking spaces—a coveted perk in urban living. Smart Corner is an all-encompassing hub of work, play, shop, and live! It is conveniently located near the 163 freeway, I-5, Highway 94, Petco Park, the Gaslamp Quarter, and Balboa Park. A trolley station located directly below the building ensures Smart Corner has all an urban dweller could want. Amenities include a roof-top sun deck with spa, a barbecue area, gym, and wet bar on the 20th floor, and fully equipped exercise room. Welcome home!

Mortgage Calculator

Est. Monthly Payment

$7,234

Principal & Interest$5,000
Property Tax$900
Insurance$262
HOA$1,072
%($180,000)
%
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

2D
Est. Monthly Rent
$3,866

4 leases in this building · $3,818–$4,371

Monthly Cashflow

Rent − PITIA

-$3,368
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,007

What would make this work?

$5,007/mo short at 20% down; +$6,503/mo rent closes it.

Break-even price

72% under asking

$248,061
Break-even rent

$6,503/mo above the estimate

$10,369/mo
Cashflow at 35% down
−$4,070/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,000
Cap Rate
0.25%
Cash-on-Cash
-33.38%
DSCR

Need ≥ 1.25 for DSCR loan

0.53

NOI (Annual)
$2,234
Price-to-Rent

Lower = better for investors

19.4

* 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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DCashflow−$5,007/mo