253 10th Avenue #908
1 / 20

253 10th Avenue #908

Dbottom 20%

San Diego, CA 92101

$850,000
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 11, 2026.

No unit in this 64-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: -$5,140/mo full cashflow at 20% down, 7.43% rate.

Works at $180,761 (79% under asking); even all cash loses money at asking.

Rent $3,075/mo from 2 leases in this building ($3,072–$3,079).

Beds

2

Baths

2

Sqft

1,074

Year Built

2006

Days on Market

97

Property Type

Condo

HOA/mo

$979.15

MLS ID

260019117SD

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

Virtual Tour

About This Property

Opportunities like this one are genuinely rare! This beautifully remodeled Park Terrace residence offers a private outdoor patio spanning over 600 square feet, giving you the kind of outdoor living space that most urban homeowners only dream about. Inside, the kitchen has been completely reimagined with new cabinetry, quartz countertops, updated stainless appliances, pantry with pull-out drawers, and finished with a layered smart lighting system featuring Alexa-controlled toe-kick and task lighting that sets the mood as effortlessly as it illuminates the space. Hard surface flooring throughout keeps the condo cool and easy to clean. Both bathrooms have been fully remodeled from the ground up, featuring new tubs, sleek glass enclosures, floor-to-ceiling modern tile, new vanities, and quartz countertops. Built-in speakers, closet organizers, and USB outlets add the kind of thoughtful detail that makes a home feel truly custom. In-unit laundry, private storage space, and two premium side-by-side parking spaces. Steps from the Gaslamp Quarter, Petco Park, and the waterfront, this is Downtown San Diego living done right. Park Terrace puts you in the heart of East Village, just steps from Petco Park and the lively Gallagher Square. Residents enjoy a walkable lifestyle filled with trendy cafés, restaurants, and nightlife. Neighborhood staples like Izola for coffee/pastries, Bub's at the Ballpark for pub fare, and Gaslamp Breakfast Company or The Mission for brunch, or Callie (Michelin-recognized) and Cowboy Star for fine dining. With ballgames, concerts, and community events right outside your door, Park Terrace offers truly prime Downtown living. Residents enjoy amenities including a well-equipped fitness center, a recreation room with pool table, lobby attendant, security, and on-site management, and an inviting community courtyard complete with lounge areas and barbecues — perfect for gatherings with friends and neighbors.

Mortgage Calculator

Est. Monthly Payment

$6,799

Principal & Interest$4,722
Property Tax$850
Insurance$248
HOA$979
%($170,000)
%
Loan Term

Location

Loading map...

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

0D
Est. Monthly Rent
$3,075

2 leases in this building · $3,072–$3,079

Thin data: only 2 leases behind this number.

Monthly Cashflow

Rent − PITIA

-$3,724
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,140

What would make this work?

$5,140/mo short at 20% down; +$6,675/mo rent closes it.

Break-even price

79% under asking

$180,761
Break-even rent

$6,675/mo above the estimate

$9,750/mo
Cashflow at 35% down
−$4,254/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)
$4,722
Cap Rate
-0.37%
Cash-on-Cash
-36.28%
DSCR

Need ≥ 1.25 for DSCR loan

0.45

NOI (Annual)
-$3,168
Price-to-Rent

Lower = better for investors

23.0

* 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.

Open Full Calculator
DCashflow−$5,140/mo