550 15th Street #205
Atop 10%San Diego, CA 92101
194 licensed short-term rentals within ½ mile (117 whole home), from the cities' license and permit lists of Nov 6, 2026.
No unit in this 63-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: -$979/mo full cashflow at 20% down, 7.43% rate.
Works at $271,515 (32% under asking), or at 56% down.
Rent $3,508/mo from 19 leases of 2-bed condos & townhomes within 0.5 mi, same school area ($3,253–$4,167).
Beds
2
Baths
2
Sqft
970
Year Built
2006
Days on Market
45
Property Type
Condo
HOA/mo
$616
MLS ID
260023182SD
This property is in San Diego (92101). View neighborhood stats →
About This Property
Welcome to this corner unit in the Element building, offering abundant natural light and a desirable East Village location. The functional floor plan features two primary suites, generous storage, and convenient in-unit laundry. The Element is a mid-rise condominium community featuring a contemporary lobby, courtyard, and common areas. Located in the heart of Downtown San Diego, residents enjoy convenient access to grocery stores, restaurants, cafés, the San Diego Central Library, Petco Park, and all that the East Village has to offer. Commuters will appreciate easy access to I-5, SR-94, and SR-163, as well as nearby public transportation. With its corner location, flexible two-suite layout, and highly walkable urban setting, this property offers a great opportunity for a buyer looking to personalize a home in one of Downtown San Diego’s most convenient neighborhoods.
Mortgage Calculator
Est. Monthly Payment
$3,348
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.
Comparable Properties
5 comps foundThis Property
$3,508
Comp Average
$2,988
1150 J Street
1bd / 1ba · 966 sqft · Condo
$399K
Est. $2,988/mo
425 Beech
2bd / 2ba · 995 sqft · Condo
$499K
Est. $3,234/mo
425 Beech Street
2bd / 2ba · 977 sqft · Condo
$535K
Est. $3,311/mo
1465 C St
2bd / 2ba · 1,030 sqft · Condo
$450K
Est. $2,542/mo
1150 J Street
2bd / 1ba · 966 sqft · Condo
$589K
Est. $2,866/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
19 leases of 2-bed condos & townhomes within 0.5 mi, same school area · $3,253–$4,167
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$979/mo short at 20% down; 56% down or +$1,271/mo rent closes it.
- Break-even price
- $271,515
- Break-even rent
- $4,779/mo
- Cashflow at 35% down
- −$563/mo
- Down payment to break even
- 56%
- Rate to break even
- 2.36%
32% under asking
$1,271/mo above the estimate
$223,440 cash
at 20% down
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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