1551 4th Ave #504
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1551 4th Ave #504

Btop 30%

San Diego, CA 92101

$369,000
STR: check · no permits in this complex · TOT 13.75%

238 licensed short-term rentals within ½ mile (200 whole home), from the cities' license and permit lists of Nov 5, 2026.

No unit in this 76-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: -$1,733/mo full cashflow at 20% down, 7.43% rate.

Works at $143,365 (61% under asking), or at 88% down.

Rent $2,420/mo from 1 lease in this building (±1 bed).

Beds

Studio

Baths

1

Sqft

523

Year Built

1996

Days on Market

46

Property Type

Condo

HOA/mo

$762.11

MLS ID

260022999SD

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

About This Property

NEW PRICE! MOTIVATED SELLER – PRICED TO SELL ASAP! Fresh off a $20,000 price reduction, this is officially downtown’s best value opportunity. Perfectly positioned between the historic charm of Cortez Hill and the vibrant culinary scene of Little Italy, this sleek, modern studio at Solara Lofts is the epitome of functional city living. The versatile, open-concept floor plan lives much larger than its footprint, featuring floor-to-ceiling windows with expansive city views, a rare gas cooking range (a true downtown luxury), and a built-in Murphy bed that seamlessly transitions the space from a bright daytime office to a cozy evening retreat. To make your move entirely effortless, this unit can be sold fully furnished and comes complete with an in-unit washer/dryer, dedicated storage, and assigned parking. What truly sets Solara Lofts apart is its resort-style wellness suite. Enjoy a fully equipped fitness center, soothing sauna, private massage rooms, and the only indoor racquetball court in a downtown residential building. When hosting, the community lounge offers pool tables and the rarest find of all, secured guest parking for your visitors. Whether you’re a first-time buyer looking for a stylish primary residence or an investor seeking a high-demand turnkey property near the Mercato farmers market and Balboa Park, this unit delivers. Walk to San Diego’s best dining, grab a coffee in the Piazza della Famiglia, and bring your offers today before this newly priced gem is gone!

Mortgage Calculator

Est. Monthly Payment

$3,289

Principal & Interest$2,050
Property Tax$369
Insurance$108
HOA$762
%($73,800)
%
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

47B
Est. Monthly Rent
$2,420

1 lease in this building (±1 bed)

Blended 50/50 with a property-level estimate

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$869
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,733

What would make this work?

$1,733/mo short at 20% down; 88% down or +$2,251/mo rent closes it.

Break-even price

61% under asking

$143,365
Break-even rent

$2,251/mo above the estimate

$4,671/mo
Cashflow at 35% down
−$1,349/mo
Down payment to break even

$324,720 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,050
Cap Rate
1.42%
Cash-on-Cash
-28.18%
DSCR

Need ≥ 1.25 for DSCR loan

0.74

NOI (Annual)
$5,253
Price-to-Rent

Lower = better for investors

12.7

* 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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BCashflow−$1,733/mo