3200 6th Ave #205
Dbottom 20%San Diego, CA 92103
64 licensed short-term rentals within ½ mile (39 whole home), from the cities' license and permit lists of Nov 11, 2026.
HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.
Pass at asking: -$5,206/mo full cashflow at 20% down, 7.43% rate.
Works at $221,143 (75% under asking); even all cash loses money at asking.
Rent $3,497/mo from 11 leases of 2-bed condos & townhomes within 0.5 mi ($3,230–$4,468).
Beds
2
Baths
2
Sqft
1,058
Year Built
1959
Days on Market
0
Property Type
Condo
HOA/mo
$994.31
MLS ID
260026751SD
This property is in San Diego (92103). View neighborhood stats →
About This Property
Iconic mid-century modern living at the acclaimed Salomon Building, a 1959 architectural masterpiece by master architect Henry Hester, regarded as one of San Diego’s finest examples of mid-century modern design. Ideally located directly across from Balboa Park in the heart of prestigious Bankers Hill. Recently remodeled and staged, Unit 205 is a warm and inviting residence that blends classic modernist design with contemporary livability. Expansive windows fill the space with natural light. Flexible second bedroom with en suite bath features fine cabinetry with a concealed high-quality Murphy Bed, allowing the space to function seamlessly as a bedroom or study.The Salomon Building is Mills Act historically designated, providing substantial annual property tax savings (Tax record shows 2025 taxes at just $2,925.02). Prime location walkable to Balboa Park’s cultural institutions, museums, gardens, and San Diego’s finest dining, cafés, and boutique shopping.
Mortgage Calculator
Est. Monthly Payment
$7,150
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
$3,497
Comp Average
$3,415
917 Torrance Street
2bd / 2ba · 1,052 sqft · Condo
$615K
Est. $3,197/mo
3450 2nd Ave
2bd / 2ba · 1,048 sqft · Condo
$698K
Est. $3,685/mo
3635 7th Avenue
2bd / 2ba · 1,056 sqft · Condo
$675K
Est. $3,475/mo
1263 Robinson
2bd / 2ba · 1,046 sqft · Condo
$750K
Est. $3,479/mo
2960 Union Street
2bd / 2ba · 1,108 sqft · Condo
$899K
Est. $3,237/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
11 leases of 2-bed condos & townhomes within 0.5 mi · $3,230–$4,468
Blended 50/50 with the zip's market median ($3,623)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$5,206/mo short at 20% down; +$6,761/mo rent closes it.
- Break-even price
- $221,143
- Break-even rent
- $10,258/mo
- Cashflow at 35% down
- −$4,270/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
75% under asking
$6,761/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, 7.43% 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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