2604 5th Ave 406

2604 5th Ave 406

Dbottom 20%

San Diego, CA 92103

$1,659,000
STR: check · no permits in this complex · TOT 12.75%

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.

Mortgage Calculator

Est. Monthly Payment

$12,878

Principal & Interest$9,153
Property Tax$1,659
Insurance$484
HOA$1,582
%($331,800)
%
Loan Term

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.

Investment Score

0D
Est. Monthly Rent
$4,142

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)

Monthly Cashflow

Rent − PITIA

-$8,736
Full Cashflow

Incl. vacancy, PM, maint, capex

-$11,071

What would make this work?

$11,071/mo short at 20% down; +$14,378/mo rent closes it.

Break-even price

87% under asking

$210,370
Break-even rent

$14,378/mo above the estimate

$18,520/mo
Cashflow at 35% down
−$9,355/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)
$9,153
Cap Rate
-1.24%
Cash-on-Cash
-40.04%
DSCR

Need ≥ 1.25 for DSCR loan

0.32

NOI (Annual)
-$20,533
Price-to-Rent

Lower = better for investors

33.4

* 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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DCashflow−$11,071/mo