1262 Kettner Blvd #601
Dbottom 20%San Diego, CA 92101
One license per person in San Diego: whether you can hold it depends on you, not only the home.
132 licensed short-term rentals within ½ mile (117 whole home), from the cities' license and permit lists of Nov 13, 2026.
1 short-term rental license on file in this 38-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).
Pass at asking: -$7,560/mo full cashflow at 20% down, 7.36% rate.
Works at $355,735 (74% under asking); even all cash loses money at asking.
Rent $5,505/mo from 4 leases in this building ($5,283–$6,270). Previously leased for $5,800.
Beds
2
Baths
2
Sqft
1,772
Year Built
2008
Days on Market
144
Property Type
Condo
HOA/mo
$1,520
MLS ID
260015148SD
This property is in San Diego (92101). View neighborhood stats →
About This Property
Embrace the moment at Sapphire unit 601. This 2-bedroom 2 bath corner suite that epitomizes urban modern elegance. The moment you step inside, you’re welcomed by expansive open-concept space, accentuated by high ceilings and panoramic floor to ceiling windows that invite the outside in. Each day, enjoy the serene backdrop of lush palm trees and azure skies. The chef's kitchen is designed for both style and functionality, featuring stainless steel appliances, sleek soft close cabinetry, and convenient pull out shelving. The units engineered flooring and custom motorized shades add a touch of sophistication and comfort. Step out onto the generous covered balcony and unwind as you gaze westward towards the harbor to enjoy enchanting sunsets. Sapphire Tower offers an array of amenities from the tranquil pool, gym, community room and sauna. Benefit from the attentive service of a 24-hour concierge and two secure parking spaces. Sapphire Tower is truly a gem, positioned just moments from the vibrant neighborhood of Little Italy, Waterfront Park, Seaport Village and much more!
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Est. Monthly Payment
$10,678
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.
Comparable Properties
5 comps foundThis Property
$5,505
Comp Average
$5,499
310 G St
2bd / 2.5ba · 1,847 sqft · Condo
$995K
Est. $5,287/mo
645 Front St
2bd / 2.5ba · 1,713 sqft · Condo
$1.10M
Est. $5,788/mo
877 Island Ave
2bd / 2ba · 1,951 sqft · Condo
$1.30M
Est. $5,821/mo
1205 Pacific Hwy
2bd / 2ba · 1,675 sqft · Condo
$1.60M
Est. $5,951/mo
877 Island Avenue
2bd / 2ba · 1,904 sqft · Condo
$1.30M
Est. $4,647/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Previously leased for $5,800
4 leases in this building · $5,283–$6,270
A property-level estimate runs more than 25% above what comparable homes leased for ($5,542). Treat this rent with extra care.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$7,560/mo short at 20% down; +$9,818/mo rent closes it.
- Break-even price
- $355,735
- Break-even rent
- $15,323/mo
- Cashflow at 35% down
- −$6,168/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
74% under asking
$9,818/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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