575 6th Avenue #216
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575 6th Avenue #216

Atop 10%

San Diego, CA 92101

$539,000
STR: check · no permits in this complex · TOT 13.75%

209 licensed short-term rentals within ½ mile (136 whole home), from the cities' license and permit lists of Nov 10, 2026.

No unit in this 82-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: -$1,334/mo full cashflow at 20% down, 7.43% rate.

Works at $365,168 (32% under asking), or at 56% down.

Rent $4,782/mo from 5 leases in this building (±1 bed) ($3,338–$4,982).

Beds

Studio

Baths

1

Sqft

674

Year Built

2007

Days on Market

95

Property Type

Condo

HOA/mo

$877

MLS ID

PTP2605996

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

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About This Property

Welcome to Alta, where contemporary loft living meets the energy of Downtown San Diego’s Gaslamp Quarter. This east-facing, second-floor loft-style residence offers a light-filled, open-concept design highlighted by14-foot ceilings, floor-to-ceiling windows, and a custom steel spiral staircase. Glass French doors open to a private balcony, creating the perfect setting to enjoy cool afternoons and sparkling city lights. The beautifully reimagined kitchen features modern sleek shaker-style cabinetry, frosted glass-front uppers, quartz countertops, and a decorative mosaic backsplash, and stainless steel appliances. Thoughtful upgrades continue throughout the residence with porcelain flooring, new interior doors, motorized room-darkening window coverings, a Nest thermostat, reverse-osmosis Pure Blue H2O water system, full bidet commode, MartinLogan surround sound system, and in-unit laundry with an LG washer and dryer. One of this residence’s best features is its prime location on Alta’s amenity level—simply step outside your front door for convenient access to the pool, spa, and fitness center. Alta offers a resort-inspired Downtown lifestyle with concierge services, a modern lobby with soaring architectural pillars and luxurious finishes, guest parking, and beautifully maintained common areas. The residence also includes one assigned underground parking space and an assigned storage cage. Step outside and experience the best of Downtown San Diego, with Petco Park, dining, nightlife, entertainment, and the Gaslamp Quarter all within just a block or two. Whether enjoying a night out, catching a Padres game, or relaxing poolside, this unique loft puts the Downtown lifestyle right at your doorstep.

Mortgage Calculator

Est. Monthly Payment

$4,568

Principal & Interest$2,994
Property Tax$539
Insurance$157
HOA$877
%($107,800)
%
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

72A
Est. Monthly Rent
$4,782

5 leases in this building (±1 bed) · $3,338–$4,982

A property-level estimate runs more than 25% below what comparable homes leased for ($4,782). Treat this rent with extra care.

Monthly Cashflow

Rent − PITIA

+$215
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,334

What would make this work?

$1,334/mo short at 20% down; 56% down or +$1,733/mo rent closes it.

Break-even price

32% under asking

$365,168
Break-even rent

$1,733/mo above the estimate

$6,515/mo
Cashflow at 35% down
−$773/mo
Down payment to break even

$301,840 cash

56%
Rate to break even

at 20% down

2.30%

Mortgage (P+I)
$2,994
Cap Rate
4.23%
Cash-on-Cash
-14.85%
DSCR

Need ≥ 1.25 for DSCR loan

1.05

NOI (Annual)
$22,789
Price-to-Rent

Lower = better for investors

9.4

* 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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ACashflow−$1,334/mo