1514 7th Ave 104

1514 7th Ave 104

Btop 30%

San Diego, CA 92101

$549,999
STR-eligible · San Diego Tier 3 · TOT 13.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

161 licensed short-term rentals within ½ mile (131 whole home), from the cities' license and permit lists of Nov 1, 2026.

1 short-term rental license on file in this 54-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: -$2,636/mo full cashflow at 20% down, 7.49% rate.

Works at $208,177 (62% under asking), or at 89% down.

Rent $3,100/mo from 1 lease in this building.

Beds

2

Baths

2

Sqft

1,069

Year Built

1982

Days on Market

—

Property Type

Condo

HOA/mo

$781

MLS ID

260025770SD

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

About This Property

Imagine Padres games at Petco Park, dinner dates in Little Italy, cocktails in the Gaslamp, and sunny afternoons exploring Balboa Park; all just part of your everyday lifestyle. But here's the real question... What would your life look like if you didn't have to drive somewhere to start enjoying it all? What if your favorite part of downtown San Diego wasn't where you went out, but where you came home? Tucked into the quiet streets of Cortez Hill, Residence 104 offers a refreshing balance between the energy of city living and the comfort of having your own space to unwind. Picture slow Saturday mornings with coffee in hand, afternoons exploring nearby cafes and restaurants, and evenings spent entertaining friends before heading out to enjoy everything downtown has to offer. Inside, approximately 1,069 square feet unfolds into a welcoming open-concept layout where warm wood floors connect the living, dining, and kitchen spaces. The kitchen features granite countertops, stainless steel appliances, and a breakfast bar that naturally becomes the gathering spot for morning conversations or a glass of wine after work. Thoughtfully updated bathrooms add personality and style, while the convenient first-floor location makes coming and going effortless. Whether you're enjoying a quiet night in or heading out to experience the best of San Diego, this is more than just a condo downtown. It's your opportunity to live the lifestyle you've been working toward.

Mortgage Calculator

Est. Monthly Payment

$4,565

Principal & Interest$3,074
Property Tax$550
Insurance$160
HOA$781
%($110,000)
%
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

37B
Est. Monthly Rent
$3,100

1 lease in this building

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$1,465
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,636

What would make this work?

$2,636/mo short at 20% down; 89% down or +$3,423/mo rent closes it.

Break-even price

62% under asking

$208,177
Break-even rent

$3,423/mo above the estimate

$6,523/mo
Cashflow at 35% down
−$2,060/mo
Down payment to break even

$489,499 cash

89%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,074
Cap Rate
1.29%
Cash-on-Cash
-28.75%
DSCR

Need ≥ 1.25 for DSCR loan

0.68

NOI (Annual)
$7,112
Price-to-Rent

Lower = better for investors

14.8

* 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−$2,636/mo