206 Park Blvd #402
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206 Park Blvd #402

Ctop 80%

San Diego, CA 92101

$599,995
STR: check · no permits in this complex · TOT 13.75%

169 licensed short-term rentals within ½ mile (114 whole home), from the cities' license and permit lists of Nov 9, 2026.

No unit in this 87-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: -$2,784/mo full cashflow at 20% down, 7.43% rate.

Works at $237,557 (60% under asking), or at 87% down.

Rent $3,225/mo from 2 leases in this building ($3,018–$3,433).

Beds

1

Baths

1

Sqft

796

Year Built

2008

Days on Market

47

Property Type

Condo

HOA/mo

$659

MLS ID

260023335SD

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

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About This Property

Welcome to one of Downtown San Diego's most desirable fully furnished residences, ideally situated directly across the street from Petco Park in the highly sought-after Park Terrace community. This exceptional fourth-floor condominium offers approximately 796 square feet of thoughtfully designed living space, complete with a private balcony overlooking Petco Park, the Downtown San Diego skyline, and the iconic San Diego Central Library. Whether you're seeking a turnkey investment property, a corporate housing opportunity, a second home, an executive retreat, or the ultimate Padres fan residence, this property delivers an unparalleled combination of location, convenience, and lifestyle. The open-concept floor plan features floor-to-ceiling windows that flood the interior with natural light while showcasing the vibrant energy of Downtown San Diego. Residents enjoy premium amenities, including a fully equipped fitness center, an entertainment lounge with a regulation-size pool table & gaming station, rooftop barbecue and fire pit areas, secured parking, private mail facilities, on-site property management, and HOA security seven days per week. Located just steps from the Gaslamp Quarter, restaurants, nightlife, shopping, entertainment, public transportation, & major employers, this property represents one of the most compelling Properties available downtown.

Mortgage Calculator

Est. Monthly Payment

$4,767

Principal & Interest$3,333
Property Tax$600
Insurance$175
HOA$659
%($119,999)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Perkins K-8 · grades PK-8 · San Diego Unified

  • Middle

    Logan Memorial Educational Campus · grades PK-12 · San Diego Unified

  • High

    Logan Memorial Educational Campus · grades PK-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

36C
Est. Monthly Rent
$3,225

2 leases in this building · $3,018–$3,433

Thin data: only 2 leases behind this number.

Monthly Cashflow

Rent − PITIA

-$1,542
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,784

What would make this work?

$2,784/mo short at 20% down; 87% down or +$3,616/mo rent closes it.

Break-even price

60% under asking

$237,557
Break-even rent

$3,616/mo above the estimate

$6,841/mo
Cashflow at 35% down
−$2,159/mo
Down payment to break even

$521,996 cash

87%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,333
Cap Rate
1.42%
Cash-on-Cash
-27.84%
DSCR

Need ≥ 1.25 for DSCR loan

0.68

NOI (Annual)
$8,526
Price-to-Rent

Lower = better for investors

15.5

* 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−$2,784/mo