620 State Street #116
Btop 30%San Diego, CA 92101
91 licensed short-term rentals within ½ mile (79 whole home), from the cities' license and permit lists of Nov 8, 2026.
No unit in this 92-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: -$2,409/mo full cashflow at 20% down, 7.43% rate.
Works at $185,405 (63% under asking), or at 90% down.
Rent $2,883/mo from 34 leases of 1-bed condos & townhomes within 0.5 mi, same school area ($2,615–$3,355).
Beds
1
Baths
1
Sqft
735
Year Built
1989
Days on Market
93
Property Type
Condo
HOA/mo
$796
MLS ID
PTP2605736
This property is in San Diego (92101). View neighborhood stats →
About This Property
Experience the best of downtown living in this spacious ground floor 1-bedroom, 1-bath condo in the desirable Columbia Place community, ideally located in the heart of Marina District. Designed for comfort and convenience, this inviting residence offers an open and functional layout with easy ground-floor access, making it the perfect full-time home, second home, or investment opportunity. The unit also includes new AC and one assigned parking space in the secure underground community garage. Residents of Columbia Place enjoy a variety of amenities, including a relaxing spa, fitness room and community BBQ areas. Just outside your door, you'll find the vibrant Marina District lifestyle with nearby waterfront parks, Seaport Village, restaurants, shopping, entertainment and convenient access to public transit, Little Italy, and the Gaslamp Quarter. Whether you're seeking an urban retreat or a low-maintenance lifestyle in one of San Diego's most desirable downtown neighborhoods, this exceptional condo is ready to welcome you home.
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Est. Monthly Payment
$4,213
Location
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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
$2,883
Comp Average
$2,820
875 G
1bd / 1ba · 737 sqft · Condo
$489K
Est. $2,673/mo
550 Park Blvd
1bd / 1ba · 738 sqft · Condo
$439K
Est. $2,597/mo
253 10th Ave
1bd / 1ba · 739 sqft · Condo
$459K
Est. $2,829/mo
1501 Front St
1bd / 1ba · 721 sqft · Condo
$515K
Est. $2,695/mo
500 Harbor Drive
1bd / 1ba · 726 sqft · Condo
$570K
Est. $3,308/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
34 leases of 1-bed condos & townhomes within 0.5 mi, same school area · $2,615–$3,355
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,409/mo short at 20% down; 90% down or +$3,129/mo rent closes it.
- Break-even price
- $185,405
- Break-even rent
- $6,012/mo
- Cashflow at 35% down
- −$1,889/mo
- Down payment to break even
- 90%
- Rate to break even
- Not reachable
63% under asking
$3,129/mo above the estimate
$449,100 cash
Negative even at a 0% loan
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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