350 Ash St #809
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350 Ash St #809

Ctop 80%

San Diego, CA 92101

$649,000
STR: check · no permits in this complex · TOT 13.75%

200 licensed short-term rentals within ½ mile (177 whole home), from the cities' license and permit lists of Nov 2, 2026.

No unit in this 76-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: -$3,371/mo full cashflow at 20% down, 7.49% rate.

Works at $211,956 (67% under asking), or at 95% down.

Rent $3,144/mo from 4 leases in this building ($2,804–$3,476).

Beds

Studio

Baths

1.5

Sqft

840

Year Built

2005

Days on Market

45

Property Type

Condo

HOA/mo

$785.83

MLS ID

260022873SD

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

Virtual Tour

About This Property

Welcome home to this stunningly renovated urban retreat at 350 W. Ash St. #809! This spacious 840 sq. ft. studio blends modern design, functionality, and downtown sophistication in vibrant Little Italy. Thoughtfully upgraded throughout, the home features a chef-inspired kitchen with sleek European-style cabinetry, quartz countertops, stainless steel appliances, designer tile, luxury plank flooring, and an open-concept layout ideal for entertaining. Best of all, the flexible floor plan can easily be converted into a one-bedroom, adding privacy while maintaining its spacious feel. Step onto your private terrace and enjoy sparkling city-light views with peekaboo bay views—the perfect spot for morning coffee or evening relaxation. Expansive windows fill the home with natural light, while the versatile layout offers ample space for living, dining, working, and relaxing. A rare feature for a studio, this residence includes 1.5 baths, providing added convenience for residents and guests. Additional highlights include two secured parking spaces and a large private storage cage on the same floor. Located in one of San Diego's most vibrant and walkable neighborhoods, you're just steps from Little Italy's acclaimed restaurants, cafés, boutiques, nightlife, the Farmers Market, Waterfront Park, Seaport Village, Petco Park, the Gaslamp Quarter, and convenient train and trolley access. Balboa Park, the airport, and San Diego's beautiful beaches are just minutes away. Move-in ready with designer finishes, beautiful views, and an unbeatable location.

Mortgage Calculator

Est. Monthly Payment

$5,251

Principal & Interest$3,627
Property Tax$649
Insurance$189
HOA$786
%($129,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Washington 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

24C
Est. Monthly Rent
$3,144

4 leases in this building · $2,804–$3,476

Monthly Cashflow

Rent − PITIA

-$2,107
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,371

What would make this work?

$3,371/mo short at 20% down; 95% down or +$4,377/mo rent closes it.

Break-even price

67% under asking

$211,956
Break-even rent

$4,377/mo above the estimate

$7,521/mo
Cashflow at 35% down
−$2,691/mo
Down payment to break even

$616,550 cash

95%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,627
Cap Rate
0.76%
Cash-on-Cash
-31.16%
DSCR

Need ≥ 1.25 for DSCR loan

0.60

NOI (Annual)
$4,961
Price-to-Rent

Lower = better for investors

17.2

* Modelled at 20% down, 7.49% 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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CCashflow−$3,371/mo