2330 1st #412
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2330 1st #412

Dbottom 20%

San Diego, CA 92101

$1,260,000
NEW — 0d
STR: check · no permits in this complex · TOT 13.75%

233 licensed short-term rentals within ½ mile (191 whole home), from the cities' license and permit lists of Nov 3, 2026.

No unit in this 57-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: -$7,517/mo full cashflow at 20% down, 7.49% rate.

Works at $285,565 (77% under asking); even all cash loses money at asking.

Rent $3,672/mo from 1 lease in this building.

Beds

2

Baths

2

Sqft

1,201

Year Built

2006

Days on Market

0

Property Type

Condo

HOA/mo

$625.1

MLS ID

260025684SD

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

About This Property

Corner unit with views of the Bay, Ocean, downtown and Mexico.

Mortgage Calculator

Est. Monthly Payment

$9,294

Principal & Interest$7,041
Property Tax$1,260
Insurance$368
HOA$625
%($252,000)
%
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

0D
Est. Monthly Rent
$3,672

1 lease in this building

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$5,622
Full Cashflow

Incl. vacancy, PM, maint, capex

-$7,517

What would make this work?

$7,517/mo short at 20% down; +$9,762/mo rent closes it.

Break-even price

77% under asking

$285,565
Break-even rent

$9,762/mo above the estimate

$13,434/mo
Cashflow at 35% down
−$6,197/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,041
Cap Rate
-0.28%
Cash-on-Cash
-35.79%
DSCR

Need ≥ 1.25 for DSCR loan

0.40

NOI (Annual)
-$3,505
Price-to-Rent

Lower = better for investors

28.6

* Modelled at 20% down, 7.49% 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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DCashflow−$7,517/mo