1642 7th Avenue
Btop 30%San Diego, CA 92101
166 licensed short-term rentals within ½ mile (137 whole home), from the cities' license and permit lists of Nov 13, 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: -$2,238/mo full cashflow at 20% down, 7.36% rate.
Works at $207,218 (59% under asking), or at 85% down.
Rent $2,821/mo from 15 leases of 1-bed condos & townhomes within 0.5 mi ($2,610–$3,104).
Beds
1
Baths
1
Sqft
757
Year Built
2004
Days on Market
0
Property Type
Condo
HOA/mo
$589
MLS ID
PTP2608363
This property is in San Diego (92101). View neighborhood stats →
About This Property
Discover downtown San Diego living in this beautifully renovated 1-bedroom, 1-bath condo offering 757 sq. ft. of living space on the 4th floor of The Mills at Cortez Hill. This inviting residence features central heating and air conditioning, in-unit laundry, and one assigned parking space in a secured underground garage. Residents enjoy exceptional amenities, including a fitness center, landscaped courtyards, elevator access, and the historic Mills House, featuring a community kitchen, lounge, entertainment areas, pool table, and conference room. Ideally located in Cortez Hill, just minutes from Little Italy, Balboa Park, the Gaslamp Quarter, and the waterfront, with convenient access to dining, shopping, entertainment, and major freeways. Experience the perfect blend of urban convenience, modern comfort, and historic charm. VA and FHA approved.
Mortgage Calculator
Est. Monthly Payment
$3,993
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
$2,821
Comp Average
$3,234
700 E St
1bd / 1ba · 750 sqft · Condo
$499K
Est. $4,715/mo
1642 7th Ave
1bd / 1ba · 757 sqft · Condo
$479K
Est. $2,895/mo
425 Beech St
1bd / 1ba · 769 sqft · Condo
$449K
Est. $3,052/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
15 leases of 1-bed condos & townhomes within 0.5 mi · $2,610–$3,104
Blended 50/50 with the zip's market median ($2,881)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,238/mo short at 20% down; 85% down or +$2,907/mo rent closes it.
- Break-even price
- $207,218
- Break-even rent
- $5,728/mo
- Cashflow at 35% down
- −$1,721/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
59% under asking
$2,907/mo above the estimate
$424,999 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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