
1642 7th Ave #123
Btop 30%San Diego, CA 92101
155 licensed short-term rentals within ½ mile (125 whole home), from the cities' license and permit lists of Nov 10, 2026.
No unit in this 63-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: -$2,039/mo full cashflow at 20% down, 7.43% rate.
Works at $213,588 (55% under asking), or at 82% down.
Rent $2,895/mo from 18 leases of 1-bed condos & townhomes within 0.5 mi, same school area ($2,460–$3,042).
Beds
1
Baths
1
Sqft
757
Year Built
2004
Days on Market
45
Property Type
Condo
HOA/mo
$589
MLS ID
260023264SD
This property is in San Diego (92101). View neighborhood stats →
About This Property
The Mills at Cortez Hills, ideally located in San Diego’s charming Cortez Hill neighborhood, approximately one mile from Petco Park and minutes from Balboa Park, Little Italy, the Gaslamp Quarter, and downtown’s dining, entertainment and nightlife. Pet-friendly community with long, wide streets, making it convenient and enjoyable to walk your dog. This thoughtfully upgraded residence combines modern style with smart-home convenience. Improvements completed approximately five years ago include new flooring, an updated shower, contemporary linear lighting, recessed downlights, an updated electrical system, smart switches, and a smart thermostat. A lighted bathroom mirror and California-style closet doors add additional touches of style and functionality. One of The Mills’ most distinctive features is the historic Mills House, a beautifully preserved Craftsman-style home dating to the early 1900s originally built by legendary architect Irving Gill. The home is incorporated into the community as a resident amenity, this approximately 3,200-square-foot gathering space includes a full kitchen, living and dining areas, a family room with fireplace and pool table, large-screen TV, and conference room—an exceptional setting for private gatherings and community events. Residents also enjoy a fitness center, secured underground parking, high-speed elevators, landscaped courtyards, multiple lobby entrances, and nighttime security. Experience the best of urban San Diego living in a community that blends historic character, modern convenience, and an unbeatable downtown location.
Mortgage Calculator
Est. Monthly Payment
$3,869
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
5 comps foundThis Property
$2,895
Comp Average
$3,126
700 E St
1bd / 1ba · 750 sqft · Condo
$499K
Est. $4,715/mo
425 Beech St
1bd / 1ba · 769 sqft · Condo
$449K
Est. $3,052/mo
550 Park Blvd
1bd / 1ba · 754 sqft · Condo
$399K
Est. $2,355/mo
1642 7th Ave
1bd / 1ba · 761 sqft · Condo
$530K
Est. $2,903/mo
875 G
1bd / 1ba · 737 sqft · Condo
$489K
Est. $2,606/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
18 leases of 1-bed condos & townhomes within 0.5 mi, same school area · $2,460–$3,042
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,039/mo short at 20% down; 82% down or +$2,648/mo rent closes it.
- Break-even price
- $213,588
- Break-even rent
- $5,543/mo
- Cashflow at 35% down
- −$1,540/mo
- Down payment to break even
- 82%
- Rate to break even
- Not reachable
55% under asking
$2,648/mo above the estimate
$392,780 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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