427 9th Ave. #806
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427 9th Ave. #806

Ctop 80%

San Diego, CA 92101

$599,900
STR: check · no permits in this complex · TOT 13.75%

217 licensed short-term rentals within ½ mile (143 whole home), from the cities' license and permit lists of Nov 7, 2026.

No unit in this 59-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: -$2,831/mo full cashflow at 20% down, 7.43% rate.

Works at $231,422 (61% under asking), or at 88% down.

Rent $3,567/mo from 1 lease in this building.

Beds

2

Baths

2

Sqft

963

Year Built

2005

Days on Market

45

Property Type

Condo

HOA/mo

$969.67

MLS ID

260023117SD

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

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About This Property

Rarely available 2 bedroom, 2 bath northwest corner unit at Diamond Terrace in a prime downtown location! Fresh, clean, and bright, Unit 806 is move-in ready with brand-new luxury vinyl plank flooring, fresh paint, and large windows showcasing downtown San Diego skyline views from every room. Enjoy East Village living just steps from Petco Park and the Gaslamp Quarter. This condo also offers a private corner balcony, storage unit, two secure subterranean parking spaces, a fitness center, and access to the 14th-floor rooftop deck with barbecue space and direct views into Petco Park.

Mortgage Calculator

Est. Monthly Payment

$5,077

Principal & Interest$3,333
Property Tax$600
Insurance$175
HOA$970
%($119,980)
%
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

35C
Est. Monthly Rent
$3,567

1 lease in this building

Blended 50/50 with a property-level estimate

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$1,510
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,831

What would make this work?

$2,831/mo short at 20% down; 88% down or +$3,676/mo rent closes it.

Break-even price

61% under asking

$231,422
Break-even rent

$3,676/mo above the estimate

$7,243/mo
Cashflow at 35% down
−$2,206/mo
Down payment to break even

$527,912 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,333
Cap Rate
1.36%
Cash-on-Cash
-28.31%
DSCR

Need ≥ 1.25 for DSCR loan

0.70

NOI (Annual)
$8,165
Price-to-Rent

Lower = better for investors

14.0

* 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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CCashflow−$2,831/mo