1080 Park Blvd #202
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1080 Park Blvd #202

Btop 30%

San Diego, CA 92101

$399,900
NEW — 0d
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 6, 2026.

No unit in this 16-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: -$2,019/mo full cashflow at 20% down, 7.43% rate.

Works at $137,016 (66% under asking), or at 93% down.

Rent $2,494/mo from 1 lease in this building.

Beds

Studio

Baths

1

Sqft

854

Year Built

2007

Days on Market

0

Property Type

Condo

HOA/mo

$868

MLS ID

260026393SD

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

About This Property

ASSUMABLE VA LOAN @ 2.75% for 30-year fixed rate!!! (VA BUYER ONLY)!!! WALKING DISTANCE to EVERYTHING!!! This urban condo in downtown San Diego is a blend of modern style and convenience. With floor-to-ceiling windows, tall ceilings, and a private balcony featuring a custom storage cabinet, the space is both functional and stylish. The design emphasizes contemporary urban living, showcasing concrete accents, exposed ducting, and plumbing. The spacious kitchen is a chef’s dream, offering granite countertops, an island, and an induction stovetop. The flexible open loft layout allows you to personalize the space, whether you prefer it as is or by adding partitions for a bedroom or office. Custom-built, soft-close closets enhance the storage options. Located on the Trolley line and close to major freeways, the condo provides unparalleled convenience. Ground-floor retail options include Starbucks, Subway, and 7 Eleven. WALKING DISTANCE to Little Italy, the bay, Marina, Gaslamp, Petco & Balboa Parks, train, trolley, & more!!! Rooftop amenities add to the appeal, with an oversized jacuzzi, BBQ facilities, and lounge areas. The property also features a fitness center and secure, gated parking with free motorcycle parking.

Mortgage Calculator

Est. Monthly Payment

$3,606

Principal & Interest$2,222
Property Tax$400
Insurance$117
HOA$868
%($79,980)
%
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

40B
Est. Monthly Rent
$2,494

1 lease in this building

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$1,113
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,019

What would make this work?

$2,019/mo short at 20% down; 93% down or +$2,623/mo rent closes it.

Break-even price

66% under asking

$137,016
Break-even rent

$2,623/mo above the estimate

$5,117/mo
Cashflow at 35% down
−$1,603/mo
Down payment to break even

$371,907 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,222
Cap Rate
0.98%
Cash-on-Cash
-30.30%
DSCR

Need ≥ 1.25 for DSCR loan

0.69

NOI (Annual)
$3,923
Price-to-Rent

Lower = better for investors

13.4

* 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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BCashflow−$2,019/mo