550 Park 2603

550 Park 2603

Ctop 80%

San Diego, CA 92101

$529,000
STR: check · no permits in this complex · TOT 13.75%

226 licensed short-term rentals within ½ mile (149 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 52-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: -$2,802/mo full cashflow at 20% down, 7.36% rate.

Works at $162,358 (69% under asking), or at 97% down.

Rent $2,546/mo from 1 lease in this building.

Beds

1

Baths

1

Sqft

1,018

Year Built

2004

Days on Market

—

Property Type

Condo

HOA/mo

$720

MLS ID

260027018SD

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

About This Property

Seller will entertain 2-1 Buydown! Coveted private rooftop deck on this fun East Village condo steps from Petco Park! Modern one bedroom condo with large balcony off living room plus a spiral staircase that leads to a huge outdoor rooftop deck that conveys fully furnished! Walk-in closet, large primary bedroom, newer washer/dryer in unit, single parking space and storage locker included. Walk to award winning restaurants, cafes and enjoy the bayfront daily crossing the Harbor Drive Pedestrian Bridge nearby.

Mortgage Calculator

Est. Monthly Payment

$4,322

Principal & Interest$2,919
Property Tax$529
Insurance$154
HOA$720
%($105,800)
%
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

28C
Est. Monthly Rent
$2,546

1 lease in this building

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$1,776
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,802

What would make this work?

$2,802/mo short at 20% down; 97% down or +$3,639/mo rent closes it.

Break-even price

69% under asking

$162,358
Break-even rent

$3,639/mo above the estimate

$6,185/mo
Cashflow at 35% down
−$2,255/mo
Down payment to break even

$513,130 cash

97%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,919
Cap Rate
0.55%
Cash-on-Cash
-31.78%
DSCR

Need ≥ 1.25 for DSCR loan

0.59

NOI (Annual)
$2,927
Price-to-Rent

Lower = better for investors

17.3

* 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−$2,802/mo