
1535 Kettner Boulevard #A
Ctop 80%San Diego, CA 92101
One license per person in San Diego: whether you can hold it depends on you, not only the home.
184 licensed short-term rentals within ½ mile (162 whole home), from the cities' license and permit lists of Nov 11, 2026.
Pass at asking: -$10,703/mo full cashflow at 20% down, 7.43% rate.
Works at $655,491 (68% under asking), or at 96% down.
Rent $6,538/mo from 20 leases of 3–5 bed houses within 2 mi ($5,825–$7,325).
Beds
4
Baths
4.5
Sqft
1,920
Year Built
1998
Days on Market
138
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2605646
This property is in San Diego (92101). View neighborhood stats →
About This Property
Prime Little Italy location with incredible rental income potential. This rarely available and highly sought after Johnathan Segal detached Row Home offers 2-units, plus a garage and a separate loft unit above the garage. Located in the heart of Little Italy with the vibrant culture, restaurants, bars, shops and more just round the corner, yet this gem still provides privacy and a common space/greenbelt to enjoy. No HOA or Mello Roos. The possibilities are endless, live in one, rent out the others; use as short-term rentals; or use the entire property for yourself. The main space (unit A) offers the most square footage with huge windows that flood with natural light, 1 bedroom + an office space, 1.5 baths, projector screen TV, multiple balconies and an amazing rooftop deck with city and bay views. The bottom unit (Unit B) features 1 bedroom/1 bath and a spacious private patio, perfect for entertaining. (A & B can easily return to original layout). There is also a detached garage with a separate loft above, both offering tons of additional potential…rentals, office, room for guests, etc. Currently generates approx. $9655 in monthly income. *Seller is open to Seller Financing* See confidential remarks for more information. Buyer and buyer’s agent to verify all in MLS prior to COE.
Mortgage Calculator
Est. Monthly Payment
$14,030
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.
Comparable Properties
4 comps foundThis Property
$6,538
Comp Average
$6,269
2163 Brant St
5bd / 2ba · 2,478 sqft · Single Family
$2.00M
Est. $6,398/mo
2328 2nd Avenue
6bd / 4ba · 3,250 sqft · Single Family
$2.40M
Est. $6,725/mo
1521 Kettner Blvd
2bd / 2.5ba · 1,321 sqft · Single Family
$1.70M
Est. $4,434/mo
2561 Albatross St
5bd / 3.5ba · 3,200 sqft · Single Family
$2.95M
Est. $7,520/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
20 leases of 3–5 bed houses within 2 mi · $5,825–$7,325
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$10,703/mo short at 20% down; 96% down or +$13,900/mo rent closes it.
- Break-even price
- $655,491
- Break-even rent
- $20,438/mo
- Cashflow at 35% down
- −$8,569/mo
- Down payment to break even
- 96%
- Rate to break even
- Not reachable
68% under asking
$13,900/mo above the estimate
$1,967,040 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% 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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