405 19th St
1 / 20

405 19th St

Ctop 80%

San Diego, CA 92102

$1,499,000
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.

136 licensed short-term rentals within ½ mile (101 whole home), from the cities' license and permit lists of Nov 3, 2026.

Pass at asking: -$8,148/mo full cashflow at 20% down, 7.49% rate.

Works at $442,653 (70% under asking), or at 98% down.

Rent $4,434/mo from 23 leases of 2–4 bed houses within 2 mi ($4,450–$6,119).

Beds

3

Baths

3

Sqft

2,304

Year Built

1903

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

260022965SD

This property is in San Diego (92102). View neighborhood stats →

Virtual Tour

About This Property

A rare opportunity to own a piece of San Diego history with spectacular views of the Downtown skyline, San Diego Bay, Coronado Bridge and Petco Park. Built in 1903, this 3-bedroom residence offers approximately 2,304 square feet with 2 full baths and 2 half baths and is a contributing historic resource within the Sherman Heights Historic District, benefiting from an existing Mills Act agreement. Rich in character, the home features high ceilings, beautiful wood floors, bay windows, built-ins, decorative glass, detailed millwork and three fireplaces. An updated kitchen complements generous living and dining spaces. All three bedrooms are upstairs along with a dedicated laundry room. Modern improvements include solar, a 200-amp electrical panel and tankless gas water heater. Set on an approx. 4,696 sq. ft. lot, the property is fully gated with an automatic driveway gate and valuable off-street parking for multiple vehicles. A private patio provides an inviting outdoor retreat for dining and entertaining. A detached approx. 16' x 19' carriage house adds substantial bonus space with exciting possibilities for a studio, workshop, office, storage or other use. Ideally located just minutes from Downtown, Petco Park, the Gaslamp Quarter and Balboa Park, this distinctive home offers a rare combination of historic character, panoramic views, gated parking, versatile bonus space and modern conveniences.

Mortgage Calculator

Est. Monthly Payment

$10,313

Principal & Interest$8,377
Property Tax$1,499
Insurance$437
%($299,800)
%
Loan Term

Location

Loading map...

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

4C
Est. Monthly Rent
$4,434

23 leases of 2–4 bed houses within 2 mi · $4,450–$6,119

Blended 50/50 with the zip's market median ($4,011)

Monthly Cashflow

Rent − PITIA

-$5,879
Full Cashflow

Incl. vacancy, PM, maint, capex

-$8,148

What would make this work?

$8,148/mo short at 20% down; 98% down or +$10,582/mo rent closes it.

Break-even price

70% under asking

$442,653
Break-even rent

$10,582/mo above the estimate

$15,016/mo
Cashflow at 35% down
−$6,577/mo
Down payment to break even

$1,469,020 cash

98%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$8,377
Cap Rate
0.36%
Cash-on-Cash
-32.61%
DSCR

Need ≥ 1.25 for DSCR loan

0.43

NOI (Annual)
$5,409
Price-to-Rent

Lower = better for investors

28.2

* 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.

Open Full Calculator
CCashflow−$8,148/mo