510 1st Ave #805
Btop 30%San Diego, CA 92101
108 licensed short-term rentals within ½ mile (88 whole home), from the cities' license and permit lists of Nov 13, 2026.
No unit in this 74-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: -$3,072/mo full cashflow at 20% down, 7.36% rate.
Works at $396,947 (50% under asking), or at 76% down.
Rent $6,314/mo from 1 lease in this building (±1 bed).
Beds
2
Baths
2
Sqft
1,245
Year Built
2002
Days on Market
148
Property Type
Condo
HOA/mo
$1,828
MLS ID
260014819SD
This property is in San Diego (92101). View neighborhood stats →
About This Property
Stunning northwest corner Bay view residence in the highly desirable South Tower at Horizons. This 2-bedroom, 2-bath home features floor-to-ceiling windows, fresh paint, premium flooring, a fireplace, and two private balconies with panoramic bay and city skyline views. The kitchen offers granite countertops and newer stainless steel appliances. Additional highlights include two secured parking spaces and a private storage unit. Located in the heart of the Marina District, just steps from the waterfront, Seaport Village, Petco Park, dining, shopping, and entertainment. Ideally located in the heart of the Marina District, Horizons offers an unbeatable downtown lifestyle just steps from the New Children’s Museum, Martin Luther King Jr. Promenade, Seaport Village, Petco Park, the Gaslamp Quarter, San Diego Bay, and the Marina. A children’s park and dog park are located directly behind the community. Resort-style amenities include a pool, spa, BBQ area, fitness center, concierge, security, billiard room, conference and club rooms, and 16 guest parking spaces. Everyday convenience is built in with retailers just an elevator ride away, including a bank, dry cleaner, Postal Annex, coffee shop, and more. The building has been refreshed with beautifully remodeled lobbies, upgraded hallways, and new unit doors with keypad access, all within walking distance to transit, dining, shopping, and Ralphs Signature Market.
Mortgage Calculator
Est. Monthly Payment
$7,268
Location
Loading map...
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
$6,314
Comp Average
$4,511
1240 India St.
2bd / 2ba · 1,253 sqft · Condo
$789K
Est. $4,944/mo
645 Front Street
2bd / 2ba · 1,237 sqft · Condo
$749K
Est. $4,919/mo
645 Front Street
2bd / 2ba · 1,259 sqft · Condo
$800K
Est. $4,962/mo
1750 Kettner Blvd 109
2bd / 2.5ba · 1,217 sqft · Condo
$829K
Est. $3,891/mo
1441 9th Avenue
2bd / 2ba · 1,251 sqft · Condo
$855K
Est. $3,841/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
1 lease in this building (±1 bed)
Blended 50/50 with a property-level estimate
Thin data: only 1 lease behind this number.
A property-level estimate runs more than 25% below what comparable homes leased for ($7,709). Treat this rent with extra care.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,072/mo short at 20% down; 76% down or +$3,990/mo rent closes it.
- Break-even price
- $396,947
- Break-even rent
- $10,304/mo
- Cashflow at 35% down
- −$2,246/mo
- Down payment to break even
- 76%
- Rate to break even
- Not reachable
50% under asking
$3,990/mo above the estimate
$607,240 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.
Open Full Calculator