
450 J #3191
Btop 30%San Diego, CA 92101
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 →
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
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.
Comparable Properties
5 comps foundThis Property
$2,365
Comp Average
$2,823
1501 Front
1bd / 1ba · 781 sqft · Condo
$420K
Est. $2,846/mo
450 J
1bd / 1ba · 777 sqft · Condo
$445K
Est. $3,077/mo
425 Beech
1bd / 1ba · 766 sqft · Condo
$395K
Est. $2,783/mo
425 Beech St
1bd / 1ba · 769 sqft · Condo
$449K
Est. $3,052/mo
550 Park Blvd
1bd / 1ba · 754 sqft · Condo
$399K
Est. $2,355/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Previously leased for $2,295
1 lease in this building
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,134/mo short at 20% down; 94% down or +$2,772/mo rent closes it.
- Break-even price
- $142,115
- Break-even rent
- $5,137/mo
- Cashflow at 35% down
- −$1,697/mo
- Down payment to break even
- 94%
- Rate to break even
- Not reachable
66% under asking
$2,772/mo above the estimate
$394,798 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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