
2604 5th Ave 406
Dbottom 20%San Diego, CA 92103
114 licensed short-term rentals within ½ mile (88 whole home), from the cities' license and permit lists of Nov 14, 2026.
No unit in this 41-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: -$11,071/mo full cashflow at 20% down, 7.36% rate.
Works at $210,370 (87% under asking); even all cash loses money at asking.
Rent $4,142/mo from 12 leases of 1–3 bed condos & townhomes within 0.5 mi ($4,133–$4,936).
Beds
2
Baths
2
Sqft
1,607
Year Built
2019
Days on Market
—
Property Type
Condo
HOA/mo
$1,582
MLS ID
260027091SD
This property is in San Diego (92103). View neighborhood stats →
About This Property
Some homes have views... This one has perspective... Elevated living finds its expression at 41 West in prestigious Bankers Hill. Framed by the graceful canopy of San Diego's iconic palm treetops, this residence enjoys sweeping southwest panoramas across San Diego Bay and the surrounding cityscape. The home reflects a refined contemporary aesthetic where open living spaces and expansive glass create a seamless dialogue between indoors and the terrace beyond. A thoughtfully composed split-bedroom layout is anchored by a designer kitchen appointed with Italian Armony Cucine cabinetry and a full suite of Miele appliances complemented by generous island workspace. Luxurious baths, spacious wardrobes, gallery-smooth Level 5 wall finishes, and upgraded tech/AV enhancements elevate the interior experience. Dual EV charger chords integrated with the EverCharge system, including a Tesla connector which adds forward-thinking convenience. *See Supplement for more Details* This residence is a rare opportunity to enter one of 41 West's premier view tiers. 41 West was designed around a simple Southern California truth: life is better when indoors and outdoors flow together. The residence features dramatic NanaWall glass doors that dissolve the boundary between the interior and a generous private terrace. Here, San Diego's temperate climate, sweeping bay vistas, and iconic skyline views become a seamless part of the everyday experience. Interiors reflect a refined contemporary aesthetic with voluminous 10-foot ceilings. Residents of 41 West enjoy an elevated lifestyle beginning with the striking two-story lobby and continuing through amenities including 24-hour reception, fireside lounge, fitness studio and lounge, pet wash spa station, secure underground parking, and bicycle storage. Just moments away lies Balboa Park, San Diego's cultural crown jewel... At 41 West, the address is impressive--but the lifestyle is what truly stays with you.
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Est. Monthly Payment
$12,878
Location
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Zoned Schools
Elementary
Florence 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
$4,142
Comp Average
$5,190
4079 1st Avenue
3bd / 2.5ba · 1,769 sqft · Townhouse
$1.20M
Est. $4,933/mo
2665 5th Avenue
2bd / 2.5ba · 2,032 sqft · Condo
$1.59M
Est. $5,973/mo
2604 5th Avenue
2bd / 2ba · 1,600 sqft · Condo
$1.70M
Est. $5,476/mo
2855 5th
2bd / 2.5ba · 1,920 sqft · Condo
$2.17M
Est. $4,351/mo
666 Upas Street
3bd / 2ba · 1,768 sqft · Condo
$1.60M
Est. $5,217/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
12 leases of 1–3 bed condos & townhomes within 0.5 mi · $4,133–$4,936
Blended 50/50 with the zip's market median ($3,785)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$11,071/mo short at 20% down; +$14,378/mo rent closes it.
- Break-even price
- $210,370
- Break-even rent
- $18,520/mo
- Cashflow at 35% down
- −$9,355/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
87% under asking
$14,378/mo above the estimate
Negative even all-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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