450 J Street

450 J Street #3251

D

San Diego, CA 92101

$775,000

Soft Appraisal Value: $444,200 · 74.5% above estimate

Beds

2

Baths

2

Sqft

1,013

Year Built

2004

Days on Market

22

Property Type

Condo

HOA/mo

$544

MLS ID

260006071SD

Description

Live in the heart of the Historic Gaslamp Quarter! This residence places you at the center of Downtown San Diego’s most vibrant lifestyle. Step outside your front door to enjoy an incredible selection of cafés, coffee shops, restaurants, and shopping, while the San Diego Bay and the new high-tech office campus at Horton are just a five-minute walk away. The rapidly growing biotech and life-sciences district is only about a 10-minute walk, making this location ideal for those who want true live-work-play convenience. See supplement below.... Offering one of the most desirable layouts in the building—the southwest corner floor plan with split bedrooms and five large sliding glass doors that flood the home with natural light and create wonderful cross breezes throughout the living space. Located within Gaslamp City Square, residents enjoy unmatched walkability with Petco Park, the Rady Shell, Seaport Village, and endless entertainment options just moments away. This residence is also uniquely positioned on the same level as the resort-style courtyard, just steps from the pool, spa, lounge areas, and BBQs, and conveniently located near the fitness center. Inside, the home features a newly remodeled kitchen, updated showers, newer A/C unit, updated lighting, and modern flooring, creating a stylish and comfortable urban retreat. With its prime corner location, abundant natural light, thoughtful upgrades, and unbeatable walkability, this residence offers the ultimate urban living experience in the heart of Downtown San Diego. Get ready to upgrade your lifestyle and book a tour today.

Mortgage Calculator

Est. Monthly Payment

$5,464

Principal & Interest$3,919
Property Tax$775
Insurance$226
HOA$544
%($155,000)
%

Investment Score

2D
Est. Monthly Rent
$3,521
Monthly Cashflow

Rent − PITIA

$-1,943
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,398

Mortgage (P+I)
$3,919
Cap Rate
0.81%
Cash-on-Cash
-26.31%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.64
Break-even Rent
$7,935

NOI (Annual)
$6,244
Price-to-Rent

Lower = better for investors

18.3

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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