1205 Pacific Hwy #1206
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1205 Pacific Hwy #1206

Dbottom 20%

San Diego, CA 92101

$1,599,000
STR: check · no permits in this complex · TOT 13.75%

114 licensed short-term rentals within ½ mile (104 whole home), from the cities' license and permit lists of Nov 8, 2026.

No unit in this 42-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: -$9,014/mo full cashflow at 20% down, 7.43% rate.

Works at $425,345 (73% under asking); even all cash loses money at asking.

Rent $6,101/mo from 7 leases in this building ($6,325–$6,841). Previously leased for $5,700.

Beds

2

Baths

2

Sqft

1,675

Year Built

2005

Days on Market

184

Property Type

Condo

HOA/mo

$1,431

MLS ID

260011223SD

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

Virtual Tour

About This Property

Experience elevated downtown living at The Grande North in this beautifully remodeled residence featuring 2 bedrooms, 2 bathrooms, plus a versatile den. Designed with both style and comfort in mind, this light-filled condo offers sweeping views from every room and an open-concept layout ideal for modern living. The upgraded kitchen showcases premium stainless-steel appliances, gas range, quartz countertops, custom cabinetry, wine fridge, and updated lighting throughout. Wide-plank LVP flooring and a neutral designer palette create a sophisticated yet inviting atmosphere. Floor-to-ceiling windows fill the home with natural light, while the expansive private patio provides the perfect setting to unwind and enjoy stunning western sunset and bay views. Additional highlights include generous closet space, an in-unit laundry closet with newer washer and dryer, a private storage room, and two-car tandem parking. Residents of The Grande North enjoy resort-style amenities, including concierge service, 24-hour security, four elevators, an 80-foot heated pool, spa, fitness center, sauna, steam room, barbecue area, lounge/event space, guest suite accommodations, secure underground parking, and professional on-site management. Perfectly situated near Little Italy and Seaport Village, this exceptional home places you moments from waterfront attractions, acclaimed dining, shopping, and the best of downtown San Diego living. Don’t miss this rare opportunity to own a luxurious residence with breathtaking views in one of the city’s premier high-rises.

Mortgage Calculator

Est. Monthly Payment

$12,379

Principal & Interest$8,883
Property Tax$1,599
Insurance$466
HOA$1,431
%($319,800)
%
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

1D
Est. Monthly Rent
$6,101

Previously leased for $5,700

7 leases in this building · $6,325–$6,841

Monthly Cashflow

Rent − PITIA

-$6,278
Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,014

What would make this work?

$9,014/mo short at 20% down; +$11,706/mo rent closes it.

Break-even price

73% under asking

$425,345
Break-even rent

$11,706/mo above the estimate

$17,807/mo
Cashflow at 35% down
−$7,348/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)
$8,883
Cap Rate
0.13%
Cash-on-Cash
-33.82%
DSCR

Need ≥ 1.25 for DSCR loan

0.49

NOI (Annual)
$2,092
Price-to-Rent

Lower = better for investors

21.8

* 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−$9,014/mo