1601 India Street #211
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1601 India Street #211

Ctop 80%

San Diego, CA 92101

$650,000
STR: check · no permits in this complex · TOT 13.75%

212 licensed short-term rentals within ½ mile (185 whole home), from the cities' license and permit lists of Nov 11, 2026.

No unit in this 88-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: -$3,071/mo full cashflow at 20% down, 7.43% rate.

Works at $250,222 (62% under asking), or at 89% down.

Rent $3,279/mo from 1 lease in this building (±1 bed).

Beds

2

Baths

2

Sqft

935

Year Built

2003

Days on Market

45

Property Type

Condo

HOA/mo

$603

MLS ID

PTP2607277

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

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About This Property

Sophisticated Little Italy living awaits at Porto Siena. Set in the heart of one of Downtown San Diego’s most coveted neighborhoods, this exceptional, completely remodeled residence combines refined design, thoughtful functionality, and an enviable urban lifestyle. With approximately $100,000 in designer-inspired upgrades, this turn-key home offers an elevated living experience just moments from Little Italy’s celebrated restaurants, cafés, waterfront, entertainment, and cultural attractions. Every detail has been thoughtfully curated. The redesigned chef’s kitchen serves as the centerpiece, featuring an oversized waterfall-edge quartz island, elegant quartz countertops, farmhouse sink, wine cooler, abundant custom storage, premium stainless-steel appliances, and a Fisher & Paykel two-drawer dishwasher. The primary and guest bathrooms have been beautifully reconfigured, while luxury vinyl plank flooring flows throughout the residence, creating a seamless and sophisticated aesthetic. Modern comfort meets effortless convenience with a new Carrier high-efficiency HVAC system, and Ecobee Smart Thermostat. A full-size washer and dryer add everyday convenience, while the queen-size Murphy bed creates a versatile second bedroom, guest suite, or refined home office. Positioned within the building’s desirable interior, the residence offers a peaceful retreat from the energy of the city, with a generously sized private balcony overlooking two beautifully maintained communal courtyards. Adding to the exceptional value are two rare side-by-side parking spaces, ideally located near the elevator, as is the residence. Porto Siena offers more than a beautiful home—it offers peace of mind. The well-maintained community has solid reserves, with no special assessments currently planned. With potential overfunding ahead. Significant building improvements have already been completed, including relining all vertical cast-iron pipes with a 50-year warranty, replacement of the shared hot-water tank system, and replacement of all 135 shut-off and drain valves—fully paid by residents as of mid-2023. Ongoing preventative maintenance programs, including monthly water-line inspections, further support the long-term care of the property. FHA and VA financing welcome. Impeccably remodeled. Exceptionally positioned. Effortlessly sophisticated. This is a rare opportunity to own a truly turnkey residence in the heart of Little Italy—where luxury, convenience, and urban lifestyle converge.

Mortgage Calculator

Est. Monthly Payment

$5,054

Principal & Interest$3,611
Property Tax$650
Insurance$190
HOA$603
%($130,000)
%
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

32C
Est. Monthly Rent
$3,279

1 lease in this building (±1 bed)

Blended 50/50 with a property-level estimate

Thin data: only 1 lease behind this number.

A property-level estimate runs more than 25% above what comparable homes leased for ($2,763). Treat this rent with extra care.

Monthly Cashflow

Rent − PITIA

-$1,775
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,071

What would make this work?

$3,071/mo short at 20% down; 89% down or +$3,988/mo rent closes it.

Break-even price

62% under asking

$250,222
Break-even rent

$3,988/mo above the estimate

$7,267/mo
Cashflow at 35% down
−$2,394/mo
Down payment to break even

$578,500 cash

89%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,611
Cap Rate
1.30%
Cash-on-Cash
-28.35%
DSCR

Need ≥ 1.25 for DSCR loan

0.65

NOI (Annual)
$8,449
Price-to-Rent

Lower = better for investors

16.5

* 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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CCashflow−$3,071/mo