450 J #3191
1 / 20

450 J #3191

Btop 30%

San Diego, CA 92101

$419,998
STR: check · no permits in this complex · TOT 13.75%

201 licensed short-term rentals within ½ mile (132 whole home), from the cities' license and permit lists of Nov 10, 2026.

No unit in this 51-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: -$2,134/mo full cashflow at 20% down, 7.43% rate.

Works at $142,115 (66% under asking), or at 94% down.

Rent $2,365/mo from 1 lease in this building. Previously leased for $2,295.

Beds

1

Baths

1

Sqft

777

Year Built

2004

Days on Market

45

Property Type

Condo

HOA/mo

$730

MLS ID

OC26209889

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

Virtual Tour

About This Property

Experience vibrant downtown living in the heart of San Diego’s iconic Gaslamp Quarter! Ideally situated just moments from Petco Park, the San Diego Convention Center, Seaport Village, dining, nightlife, shopping, and entertainment, this beautifully updated residence offers the perfect combination of style, convenience, and walkability. Located on the third floor of the desirable Gaslamp City Square community, this bright, inviting condo features new flooring, fresh paint throughout, modern wood cabinetry, stainless steel appliances, granite countertops in the kitchen and bathroom, and a convenient stackable washer and dryer tucked inside the unit. The open and functional layout is filled with natural light and creates a comfortable setting for both everyday living and entertaining. Enjoy added convenience with the unit located directly next to the elevators, along with its assigned parking space also positioned near elevator access for easy arrivals and departures. Gaslamp City Square offers an impressive collection of amenities, including a fitness center, sparkling pool, relaxing spa, barbecue area, and private courtyard. Even better, the fitness center, pool, spa, and BBQ area are all located on the same floor as the residence, making it effortless to enjoy everything the community has to offer. With water and gas included in the HOA dues and some of Downtown San Diego’s most popular destinations just outside your door, this home provides an exceptional opportunity to enjoy the energy, convenience, and lifestyle of the Gaslamp Quarter.

Mortgage Calculator

Est. Monthly Payment

$3,606

Principal & Interest$2,333
Property Tax$420
Insurance$122
HOA$730
%($84,000)
%
Loan Term

Location

Loading map...

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

38B
Est. Monthly Rent
$2,365

Previously leased for $2,295

1 lease in this building

Monthly Cashflow

Rent − PITIA

-$1,240
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,134

What would make this work?

$2,134/mo short at 20% down; 94% down or +$2,772/mo rent closes it.

Break-even price

66% under asking

$142,115
Break-even rent

$2,772/mo above the estimate

$5,137/mo
Cashflow at 35% down
−$1,697/mo
Down payment to break even

$394,798 cash

94%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,333
Cap Rate
0.91%
Cash-on-Cash
-30.49%
DSCR

Need ≥ 1.25 for DSCR loan

0.66

NOI (Annual)
$3,808
Price-to-Rent

Lower = better for investors

14.8

* 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.

Open Full Calculator
BCashflow−$2,134/mo