1501 Front St #613
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1501 Front St #613

Atop 10%

San Diego, CA 92101

$335,000
STR: check · no permits in this complex · TOT 13.75%

252 licensed short-term rentals within ½ mile (222 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 84-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: -$1,269/mo full cashflow at 20% down, 7.36% rate.

Works at $168,998 (50% under asking), or at 75% down.

Rent $2,399/mo from 6 leases in this building ($2,189–$2,448).

Beds

1

Baths

1

Sqft

555

Year Built

2004

Days on Market

46

Property Type

Condo

HOA/mo

$556

MLS ID

260023590SD

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

Virtual Tour

About This Property

Perched on the top floor of the sought-after Palermo community, this stunning studio offers a rare combination of soaring vaulted ceilings and sun-drenched interiors that set it apart from anything else at this price point. Walls of windows flood the open-concept layout with natural light throughout the day, creating an airy, expansive feel that far exceeds the typical studio experience. The thoughtfully designed interior features a well-appointed kitchen with generous cabinetry and counter space, in-unit washer and dryer for everyday convenience, and central air conditioning to keep you comfortable year-round. Every detail has been carefully maintained, making this a true move-in-ready opportunity. Step outside and you're immediately immersed in one of San Diego's most vibrant and walkable neighborhoods. Little Italy's renowned restaurant row, the Downtown core, world-class shopping, and the sparkling waterfront are all just minutes away — whether you're on foot, bike, or a quick drive. Back home, Palermo's resort-caliber amenities rival those of a luxury hotel: a sparkling pool and spa, state-of-the-art fitness center, elegant clubhouse, and al fresco BBQ areas perfect for entertaining. Secured entry and controlled access provide peace of mind in a community that truly feels like a retreat from the city — without ever being far from it. Opportunities like this — top floor, vaulted ceilings, premium location — don't come around often

Mortgage Calculator

Est. Monthly Payment

$2,837

Principal & Interest$1,848
Property Tax$335
Insurance$98
HOA$556
%($67,000)
%
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

64A
Est. Monthly Rent
$2,399

6 leases in this building · $2,189–$2,448

Monthly Cashflow

Rent − PITIA

-$438
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,269

What would make this work?

$1,269/mo short at 20% down; 75% down or +$1,648/mo rent closes it.

Break-even price

50% under asking

$168,998
Break-even rent

$1,648/mo above the estimate

$4,047/mo
Cashflow at 35% down
−$923/mo
Down payment to break even

$251,250 cash

75%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$1,848
Cap Rate
2.50%
Cash-on-Cash
-22.73%
DSCR

Need ≥ 1.25 for DSCR loan

0.85

NOI (Annual)
$8,388
Price-to-Rent

Lower = better for investors

11.6

* 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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ACashflow−$1,269/mo