450 J Street #7061
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450 J Street #7061

Ctop 80%

San Diego, CA 92101

$669,000
STR: check · no permits in this complex · TOT 13.75%

203 licensed short-term rentals within ½ mile (132 whole home), from the cities' license and permit lists of Nov 7, 2026.

No unit in this 69-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: -$3,656/mo full cashflow at 20% down, 7.43% rate.

Works at $192,997 (71% under asking), or at 99% down.

Rent $2,913/mo from 3 leases in this building ($2,911–$3,655).

Beds

2

Baths

1

Sqft

958

Year Built

2004

Days on Market

94

Property Type

Condo

HOA/mo

$761

MLS ID

PTP2605983

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

Virtual Tour

About This Property

In the Heart of the Gaslamp Quarter — Top-Floor Turnkey Condo! This beautifully appointed 2-bedroom, 1-bathroom condo is completely turnkey, sold optional furnished with barely-used furnishings (most under a year old) so you can simply unpack and start living. Step inside to an open, light-filled living area anchored by an oversized arched window with motorized dual-sheer shades, wood-look plank flooring, and a partial downtown skyline view. The kitchen features granite countertops, espresso shaker cabinetry, a mosaic tile backsplash, and a full stainless steel appliance suite with a gas range and side-by-side refrigerator with water/ice dispenser. The primary suite offers plush carpet, a mirrored closet, and a stylish sleigh bed set, while the second bedroom flexes easily as a home office or guest room. The fully renovated bathroom features a walk-in frameless glass shower, pebble-stone flooring, and a matching granite vanity. A full-size in-unit washer and dryer adds everyday convenience. Building amenities include a pool, spa, fitness center, and secure parking with 2 parking spots included; a rare find in the Gaslamp. HOA covers water, trash, gym, pool, and spa. Steps from San Diego's best dining, shopping, and nightlife, this is downtown living at its finest — turnkey, polished, and ready for its next chapter. Whether as a primary residence or a smart investment, this one checks every box.

Mortgage Calculator

Est. Monthly Payment

$5,342

Principal & Interest$3,717
Property Tax$669
Insurance$195
HOA$761
%($133,800)
%
Loan Term

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.

Investment Score

17C
Est. Monthly Rent
$2,913

3 leases in this building · $2,911–$3,655

Thin data: only 3 leases behind this number.

Monthly Cashflow

Rent − PITIA

-$2,429
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,656

What would make this work?

$3,656/mo short at 20% down; 99% down or +$4,748/mo rent closes it.

Break-even price

71% under asking

$192,997
Break-even rent

$4,748/mo above the estimate

$7,661/mo
Cashflow at 35% down
−$2,959/mo
Down payment to break even

$662,310 cash

99%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,717
Cap Rate
0.37%
Cash-on-Cash
-32.79%
DSCR

Need ≥ 1.25 for DSCR loan

0.55

NOI (Annual)
$2,474
Price-to-Rent

Lower = better for investors

19.1

* 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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CCashflow−$3,656/mo