1501 India Street #508
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1501 India Street #508

Btop 30%

San Diego, CA 92101

$549,900
NEW — 0d
STR: check · no permits in this complex · TOT 13.75%

191 licensed short-term rentals within ½ mile (167 whole home), from the cities' license and permit lists of Nov 3, 2026.

No unit in this 65-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: -$2,485/mo full cashflow at 20% down, 7.49% rate.

Works at $227,733 (59% under asking), or at 85% down.

Rent $3,352/mo from 33 leases of 1-bed condos & townhomes within 0.5 mi, same school area ($3,411–$4,289).

Beds

1

Baths

1

Sqft

1,245

Year Built

2002

Days on Market

0

Property Type

Condo

HOA/mo

$824.9

MLS ID

260026114SD

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

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About This Property

*Lowest price per square foot in Little Italy! Village Walk #508 is a rare 1-bedroom plus den (optional 2nd bedroom/office/retreat) that offers over 1,200 square feet of well-designed living space in the heart of Little Italy, one of Downtown San Diego’s most vibrant and walkable neighborhoods. The home features an open-concept layout with a spacious living area, hardwood floors, fresh interior paint, and a private balcony capturing the energy of city living. The kitchen includes stainless appliances, granite countertops, recessed lighting, a pantry, and ample storage. The primary bedroom overlooks the interior courtyard and offers a peaceful retreat with a spacious walk-in closet. The bathroom is complete with a dual vanity, soaking tub, and separate step-in shower. Additional highlights include arched doorways, in-unit laundry, very convenient elevator access, a storage locker, and a secured parking space. An exceptional offering in Little Italy, surrounded by top-tier dining, the waterfront, and the energy that defines Downtown San Diego living. Village Walk is a vibrant mid-rise community ideally situated in the heart of Little Italy, just steps from an exceptional collection of shops, cafés, art galleries, and over 70 award-winning restaurants and patio dining destinations along charming India Street. Little Italy’s walkable streets lead to weekly farmers markets, outdoor plazas, parks, and waterfront access that all offer a true urban-village lifestyle right at your doorstep. Residents enjoy a beautifully designed central courtyard with a tranquil fountain and comfortable seating areas, perfect for relaxing and socializing. Premium community amenities include a fully equipped fitness center, inviting resident clubroom, and secure bike storage in the garage. With its unbeatable location and thoughtfully curated spaces, Village Walk delivers both convenience and community in one of San Diego’s most desirable Downtown neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$4,608

Principal & Interest$3,073
Property Tax$550
Insurance$160
HOA$825
%($109,980)
%
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

42B
Est. Monthly Rent
$3,352

33 leases of 1-bed condos & townhomes within 0.5 mi, same school area · $3,411–$4,289

Blended 50/50 with the zip's market median ($2,924)

Monthly Cashflow

Rent − PITIA

-$1,256
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,485

What would make this work?

$2,485/mo short at 20% down; 85% down or +$3,227/mo rent closes it.

Break-even price

59% under asking

$227,733
Break-even rent

$3,227/mo above the estimate

$6,579/mo
Cashflow at 35% down
−$1,909/mo
Down payment to break even

$467,415 cash

85%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,073
Cap Rate
1.65%
Cash-on-Cash
-27.11%
DSCR

Need ≥ 1.25 for DSCR loan

0.73

NOI (Annual)
$9,067
Price-to-Rent

Lower = better for investors

13.7

* 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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BCashflow−$2,485/mo