1501 Front Street
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1501 Front Street #414

D

San Diego, CA 92101

$544,900
NEW — 2d

Beds

1

Baths

1

Sqft

845

Year Built

2004

Days on Market

2

Property Type

Condo

HOA/mo

$556.28

MLS ID

260012795SD

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

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About This Property

Make Little Italy your own at Palermo! This north-facing residence features one of the largest one-bedroom floor plans in all of Little Italy, with a sense of space you feel the moment you walk inside. Abundant natural light, newer luxury vinyl plank flooring, and floor-to-ceiling windows enhance the open, livable feel. The kitchen offers granite countertops, generous counter space, and a welcoming eat-at bar, opening to a spacious dining area rarely found in most one-bedroom condos. Additional highlights include in-unit laundry, a walk-in closet in the primary bedroom, and a secured parking space. Palermo offers great amenities including a pool, spa, fitness center, community room, billiards room, BBQ area, outdoor lounge, guest parking, and on-site management—all with some of the lowest HOA dues Downtown. Perfect as a primary residence, 2nd home getaway, or investment property. Downtown San Diego's Little Italy is a vibrant culinary and cultural hotspot, beloved for its rich history and modern flair. Classic spots like Mona Lisa and Civico 1845, alongside newer favorites Ironside, Juniper & Ivy, and Craft & Commerce, make it a go-to for local foodies. Cafes, bakeries, boutiques, and wine shops line the streets, perfect for an evening wander, while the Little Italy Association keeps the calendar full with art walks, car shows, the yearly Festa, and a Farmers Market every Wednesday and Saturday. Don't miss the NoLi Art & Design District either, a hub of designer boutiques and galleries stocked with rare finds to help you curate your new home. Mediterranean-style Palermo is an oasis in the city, complete with arches, well-kept courtyards, and a pool and spa deck accented by a cascading waterfall. Residents also enjoy a fitness center, billiards room, clubhouse, and guest parking, all for low HOA fees. The complex has been recently painted inside and out, with updated elevators, lobby, and hallways.

Mortgage Calculator

Est. Monthly Payment

$4,015

Principal & Interest$2,755
Property Tax$545
Insurance$159
HOA$556
%($108,980)
%

Location

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Investment Score

29D
Est. Monthly Rent
$2,491
Monthly Cashflow

Rent − PITIA

$-1,524
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,552

Mortgage (P+I)
$2,755
Cap Rate
0.45%
Cash-on-Cash
-28.10%
DSCR

Need ≥ 1.25 for DSCR loan

0.62
Break-even Rent
$5,805

NOI (Annual)
$2,446
Price-to-Rent

Lower = better for investors

18.2

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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