1441 9th Avenue #1602
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1441 9th Avenue #1602

Ctop 80%

San Diego, CA 92101

$854,999
STR: check · no permits in this complex · TOT 13.75%

134 licensed short-term rentals within ½ mile (104 whole home), from the cities' license and permit lists of Nov 4, 2026.

No unit in this 54-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: -$4,566/mo full cashflow at 20% down, 7.49% rate.

Works at $262,942 (69% under asking), or at 97% down.

Rent $3,941/mo from 4 leases in this building ($3,709–$4,176). Previously leased for $3,700.

Beds

2

Baths

2

Sqft

1,251

Year Built

2008

Days on Market

46

Property Type

Condo

HOA/mo

$1,006.13

MLS ID

260022880SD

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

Virtual Tour

About This Property

This refined Cortez Hill property (with 24 hour lobby staff and 2 garaged parking spaces) offers panoramic views of San Diego stretching from Balboa Park and the mountains to downtown with peek views of the bay and the Coronado Bridge. Inside, roughly $40,000 in recent, thoughtful upgrades curate a polished experience worthy of the view. New updates include high-end appliances, bidet, motorized shades in the primary suite, frameless shower enclosure, and details like solid-wood, soft-close drawers; a foot-operated kitchen faucet; solid core doors; and much more. Also included is a private storage room great for surf boards or bikes.

Mortgage Calculator

Est. Monthly Payment

$6,888

Principal & Interest$4,778
Property Tax$855
Insurance$249
HOA$1,006
%($171,000)
%
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

10C
Est. Monthly Rent
$3,941

Previously leased for $3,700

4 leases in this building · $3,709–$4,176

Monthly Cashflow

Rent − PITIA

-$2,947
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,566

What would make this work?

$4,566/mo short at 20% down; 97% down or +$5,930/mo rent closes it.

Break-even price

69% under asking

$262,942
Break-even rent

$5,930/mo above the estimate

$9,871/mo
Cashflow at 35% down
−$3,670/mo
Down payment to break even

$829,349 cash

97%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,778
Cap Rate
0.57%
Cash-on-Cash
-32.04%
DSCR

Need ≥ 1.25 for DSCR loan

0.57

NOI (Annual)
$4,908
Price-to-Rent

Lower = better for investors

18.1

* Modelled at 20% down, 7.49% 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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CCashflow−$4,566/mo