1551 4th Ave #305
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1551 4th Ave #305

Btop 30%

San Diego, CA 92101

$419,900
NEW — 0d
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 6, 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: -$1,811/mo full cashflow at 20% down, 7.43% rate.

Works at $183,966 (56% under asking), or at 83% down.

Rent $2,866/mo from 1 lease in this building (±1 bed).

Beds

Studio

Baths

1

Sqft

836

Year Built

1996

Days on Market

0

Property Type

Condo

HOA/mo

$793.54

MLS ID

260026475SD

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

About This Property

Step into a sophisticated urban sanctuary at Solara Lofts, an exclusive enclave perfectly positioned in the serene yet vibrant Cortez Hill neighborhood of Downtown San Diego. This meticulously crafted third floor flat welcomes you with a true open loft concept that radiates sophisticated design. Expansive nine-foot ceilings and industrial exposed air ducts create an elevated modern aesthetic, while brilliant natural light cascades across rich engineered hardwood flooring. The seamless floor plan effortlessly merges the living, dining, and culinary spaces. A chef-inspired kitchen serves as the striking centerpiece, featuring premium granite countertops, sleek stainless steel appliances, and brilliant track lighting. Beautiful European Tilt and Turn Windows that allow the outdoors inside bathe the space in fresh air and urban energy. Enjoy the ultimate convenience of an inside laundry closet and the peace of mind that comes with secured subterranean parking and a dedicated private storage cage. Life at Solara Lofts extends far beyond your front door with resort-caliber amenities designed for the luxury buyer, including a state-of-the-art fitness center, a private indoor racquetball court, and a rejuvenating hydrotherapy spa. Outside your gated community, the charming tree-lined streets of Cortez Hill offer a rare, tranquil residential feel while keeping you just blocks away from the dynamic pulse of the Gaslamp Quarter and Little Italy.

Mortgage Calculator

Est. Monthly Payment

$3,669

Principal & Interest$2,333
Property Tax$420
Insurance$122
HOA$794
%($83,980)
%
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

51B
Est. Monthly Rent
$2,866

1 lease in this building (±1 bed)

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$802
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,811

What would make this work?

$1,811/mo short at 20% down; 83% down or +$2,352/mo rent closes it.

Break-even price

56% under asking

$183,966
Break-even rent

$2,352/mo above the estimate

$5,218/mo
Cashflow at 35% down
−$1,374/mo
Down payment to break even

$348,517 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,333
Cap Rate
1.90%
Cash-on-Cash
-25.88%
DSCR

Need ≥ 1.25 for DSCR loan

0.78

NOI (Annual)
$7,977
Price-to-Rent

Lower = better for investors

12.2

* 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−$1,811/mo