540 9Th 104

540 9Th 104

Ctop 80%

San Diego, CA 92101

$1,085,000
NEW — 1d
STR: check · no permits in this complex · TOT 13.75%

218 licensed short-term rentals within ½ mile (146 whole home), from the cities' license and permit lists of Nov 14, 2026.

No unit in this 87-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: -$5,773/mo full cashflow at 20% down, 7.36% rate.

Works at $329,533 (70% under asking), or at 98% down.

Rent $4,425/mo from 18 leases of 2-bed condos & townhomes within 0.5 mi, same school area ($4,143–$5,285).

Beds

2

Baths

2

Sqft

1,588

Year Built

2007

Days on Market

1

Property Type

Condo

HOA/mo

$889

MLS ID

260027046SD

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

About This Property

One of only 11 brick townhomes at The Mark, this corner home has its own front door on the street, with no elevator and no hallway. Two private entrances, including gated street-level access, give you the privacy of a single-family home, and you still get the amenities of a 33-story luxury high-rise in the heart of East Village. On the open main level, polished concrete floors run from a welcoming entry into the living and dining areas, anchored by a fireplace. The kitchen has a center island, a designer tile backsplash and stainless steel appliances, and it opens onto a private patio made for outdoor entertaining. Upstairs, the primary suite feels like a retreat, with hardwood floors, its own fireplace, a spa-inspired bath, a custom walk-in closet and a large private terrace. Two assigned parking spaces and a generous private storage room are included. Building amenities include a lap pool, spa, fire pits, a pizza oven, four barbecue stations, furnished outdoor lounges, a fitness center, a conference room with Wi-Fi, a full community kitchen, 24-hour lobby attendants and an on-site General Manager. Walk to dinner in Little Italy, catch a game at Petco Park or a concert at The Rady Shell, explore the Gaslamp Quarter, and come home to your own front door.

Mortgage Calculator

Est. Monthly Payment

$8,277

Principal & Interest$5,986
Property Tax$1,085
Insurance$316
HOA$889
%($217,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Sherman Elementary · grades PK-5 · San Diego Unified

  • Middle

    Logan Memorial Educational Campus · grades PK-12 · San Diego Unified

  • High

    Logan Memorial Educational Campus · grades PK-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

5C
Est. Monthly Rent
$4,425

18 leases of 2-bed condos & townhomes within 0.5 mi, same school area · $4,143–$5,285

Blended 50/50 with the zip's market median ($4,441)

Monthly Cashflow

Rent − PITIA

-$3,851
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,773

What would make this work?

$5,773/mo short at 20% down; 98% down or +$7,498/mo rent closes it.

Break-even price

70% under asking

$329,533
Break-even rent

$7,498/mo above the estimate

$11,923/mo
Cashflow at 35% down
−$4,651/mo
Down payment to break even

$1,063,300 cash

98%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,986
Cap Rate
0.48%
Cash-on-Cash
-31.93%
DSCR

Need ≥ 1.25 for DSCR loan

0.53

NOI (Annual)
$5,212
Price-to-Rent

Lower = better for investors

20.4

* 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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CCashflow−$5,773/mo