350 11th Avenue #621
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350 11th Avenue #621

Atop 10%

San Diego, CA 92101

$799,999
STR-eligible · San Diego Tier 3 · TOT 13.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

177 licensed short-term rentals within ½ mile (121 whole home), from the cities' license and permit lists of Nov 10, 2026.

1 short-term rental license on file in this 78-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).

Pass at asking: -$2,408/mo full cashflow at 20% down, 7.43% rate.

Works at $486,461 (39% under asking), or at 64% down.

Rent $6,242/mo from 2 leases in this building ($6,170–$6,315).

Beds

2

Baths

2.5

Sqft

1,454

Year Built

2007

Days on Market

106

Property Type

Condo

HOA/mo

$1,070

MLS ID

NDP2607064

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

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About This Property

Seller will consider a 2/1 Rate Buy Down! Rarely available two-story residence at ICON, offering a true townhome-style floor plan in the Ballpark District of Downtown San Diego's East Village. Spanning 1,454 square feet across two levels, this 2-bedroom, 2.5-bath home delivers what few downtown residences can: genuine separation between living and sleeping space. Both bedroom suites are privately situated on the upper level, while the main floor opens to a light-filled living and dining area, a private balcony, kitchen, and a guest powder room. Full-size in-unit laundry, central air and heat, and two garage parking spaces complete the residence. ICON offers some of the most extensive amenities downtown, including a 1,700-square-foot fitness center, a private movie theater, the 5th Inning Lounge with a full kitchen, a landscaped courtyard, 24-hour lobby attendants with a staffed package room, and secure underground parking. The centerpiece is the rooftop SkyBox, a viewing terrace with BBQs, heaters, and lounge seating set just 820 feet from Padres home plate, offering a direct sightline into Petco Park along with sweeping views of the Rady Shell, San Diego Bay, the Coronado Bridge, and the Pacific beyond Coronado. ICON's association was named Community Association of the Year by the Community Associations Institute's San Diego chapter and hosts resident catamaran outings, happy hours, and an annual holiday party. What sets the Ballpark District apart is how much of the city is simply within reach. Petco Park and Gallagher Square sit directly across the street, close enough to grab a last-minute ticket an hour before first pitch and be home minutes after the final out, while everyone else is still waiting to get out of the garage. Concerts at the ballpark and the Rady Shell work the same way: no parking, no rideshare, no drive home. Fit Athletic's flagship club, with its rooftop pool and cold plunges, is just across 10th Avenue. Michelin-recognized Callie, steakhouse Cowboy Star, KOS Coffee, IZOLA bakery, and Neighborhood (home to two speakeasy bars, one ranked among North America's best) are all within a few blocks, along with dozens more restaurants, cafés, and bars. The trolley is one block away, coworking spaces are within walking distance, and the Embarcadero and the bay are a ten-minute walk. Luxury. Location. Lifestyle. Welcome home.

Mortgage Calculator

Est. Monthly Payment

$6,548

Principal & Interest$4,444
Property Tax$800
Insurance$233
HOA$1,070
%($160,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Sherman Elementary · grades PK-5 · 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

60A
Est. Monthly Rent
$6,242

2 leases in this building · $6,170–$6,315

Thin data: only 2 leases behind this number.

Monthly Cashflow

Rent − PITIA

-$305
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,408

What would make this work?

$2,408/mo short at 20% down; 64% down or +$3,127/mo rent closes it.

Break-even price

39% under asking

$486,461
Break-even rent

$3,127/mo above the estimate

$9,369/mo
Cashflow at 35% down
−$1,574/mo
Down payment to break even

$511,999 cash

64%
Rate to break even

at 20% down

0.93%

Mortgage (P+I)
$4,444
Cap Rate
3.52%
Cash-on-Cash
-18.06%
DSCR

Need ≥ 1.25 for DSCR loan

0.95

NOI (Annual)
$28,185
Price-to-Rent

Lower = better for investors

10.7

* 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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ACashflow−$2,408/mo