450 J Street

450 J Street

D

San Diego, CA 92101

$450,000

Beds

1

Baths

1

Sqft

655

Year Built

2004

Days on Market

41

Property Type

Condo

HOA/mo

$508.06

MLS ID

219141853PS

View on MLS

Description

This is your Front Row Seat to the San Diego Gaslamp Lifestyle. The 3 most important words in Real Estate... Location - Location - Location. Welcome to your turnkey condo in the heart of San Diego's iconic Gaslamp Quarter where all the history and energy come together as one. You will be living in the city's best dining, nightlife, and culture which are just steps away. Literally 1 min walk to The Pendry and just minutes from the waterfront, artisan markets, public transportation, and tons of world-class entertainment, this home puts you in the center of it all while still offering your own peace and quiet. The Condo Light, bright, and serene, this courtyard facing unit offers a tranquil pool view with city lights in the distance and excellent soundproofing. Updated with modern lighting (2019) and a brand-new HVAC + Nest thermostat (2020) for the most energy efficiency and comfort. 15K upgrades Ample storage plus one dedicated indoor parking space conveniently located right next to the elevator. Option to purchase fully furnished and/or continue as a proven 5-star vacation rental investment. The Vibes City Square is one of the Gaslamp's best-kept secrets, loaded with private amenities including a resort-style pool, spa, BBQ lounge, gym, and conference room. Residents love the friendly neighbors, pet-friendly community, and unbeatable walkability: the waterfront, Petco Park, shopping, cafes, and luxury hotels are all just 5 minutes away Why You'll Love It Quiet + turnkey, yet in the heart of the action. Secure building with good vibes, great neighbors, and plenty of style. An unbeatable location that offers both lifestyle and long-term investment potential. Outstanding fully furnished, mid-term stay home with a proven and successful vacation rental history, has been perfect for... Remote workers or digital nomads x Relocating professionals x Long-term vacationers or retirees x Traveling nurses, teachers, or interns Cozy, Quiet & Equipped to Work & Relax in total comfort and live like a local

Mortgage Calculator

Est. Monthly Payment

$3,365

Principal & Interest$2,275
Property Tax$450
Insurance$131
HOA$508
%($90,000)
%

Investment Score

3D
Est. Monthly Rent

Estimated Rent

$2,143
Monthly Cashflow

Rent − PITI − HOA

$-1,222
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,089

Mortgage (P+I)
$2,275
Cap Rate
0.50%
Cash-on-Cash
-16.29%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.94
Break-even Rent
$3,365

NOI (Annual)
$2,233
Price-to-Rent

Lower = better for investors

17.5

* Defaults: 20% down, 6.5% rate, 30yr.

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