450 J Street 3211
Ctop 80%San Diego, CA 92101
200 licensed short-term rentals within ½ mile (132 whole home), from the cities' license and permit lists of Nov 13, 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: -$3,035/mo full cashflow at 20% down, 7.36% rate.
Works at $202,842 (66% under asking), or at 94% down.
Rent $3,000/mo from 3 leases in this building ($2,998–$3,764).
Beds
2
Baths
2
Sqft
1,016
Year Built
2004
Days on Market
—
Property Type
Condo
HOA/mo
$760
MLS ID
260027009SD
This property is in San Diego (92101). View neighborhood stats →
About This Property
Experience the pulse of the city from this sun-drenched, south-facing residence in Gaslamp City Square. The expansive living area features stylish luxury vinyl plank flooring and twin Juliet balconies that invite the downtown energy inside. A sleek kitchen anchors the space with granite counters, recessed lighting, and a functional eat-at bar. This flexible two-bedroom layout is designed for modern urban living, complete with generous storage and the convenience of in-unit laundry. Rare for the area, this home also includes two side-by-side parking spaces. Located moments from world-class dining and culture, it's the ultimate home base for an elevated lifestyle.
Mortgage Calculator
Est. Monthly Payment
$4,845
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
$3,000
Comp Average
$3,469
1441 9th Ave
2bd / 2ba · 1,004 sqft · Condo
$588K
Est. $3,592/mo
1025 Island Avenue
2bd / 2ba · 1,027 sqft · Condo
$639K
Est. $3,598/mo
427 9th Ave
2bd / 2ba · 1,018 sqft · Condo
$630K
Est. $3,638/mo
425 Beech Street
2bd / 2ba · 989 sqft · Condo
$600K
Est. $3,331/mo
1080 Park Blvd
2bd / 2ba · 1,029 sqft · Condo
$600K
Est. $3,184/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
3 leases in this building · $2,998–$3,764
Thin data: only 3 leases behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,035/mo short at 20% down; 94% down or +$3,941/mo rent closes it.
- Break-even price
- $202,842
- Break-even rent
- $6,941/mo
- Cashflow at 35% down
- −$2,414/mo
- Down payment to break even
- 94%
- Rate to break even
- Not reachable
66% under asking
$3,941/mo above the estimate
$563,906 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% 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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