801 Ash St. #1701
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801 Ash St. #1701

Ctop 80%

San Diego, CA 92101

$759,000
STR: check · no permits in this complex · TOT 13.75%

155 licensed short-term rentals within ½ mile (122 whole home), from the cities' license and permit lists of Nov 9, 2026.

No unit in this 67-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: -$3,835/mo full cashflow at 20% down, 7.43% rate.

Works at $259,628 (66% under asking), or at 93% down.

Rent $4,039/mo from 3 leases in this building ($3,849–$4,058).

Beds

2

Baths

2

Sqft

1,217

Year Built

2006

Days on Market

47

Property Type

Condo

HOA/mo

$1,115.7

MLS ID

260023343SD

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

About This Property

EXCEPTIONAL VALUE AT A NEWLY OFFERED $759,000!!!! Photographs only tell part of the story. The true scale and depth of these panoramic views are impossible to appreciate until experienced in person. Located in Cortez Blu, this 2-bedroom, 2-bath residence in Downtown San Diego's Cortez Hill neighborhood offers 1,217 square feet with some of the finest panoramic views in Downtown San Diego. Floor-to-ceiling windows frame a sweeping 180-degree panorama from the Coronado Bridge and Coronado Islands across the downtown skyline and San Diego Bay to the Pacific Ocean and sunsets over Point Loma. To the north, Balboa Park unfolds beneath the skyline, anchored by the iconic blue-and-gold tiled California Tower. Inside, new luxury vinyl plank flooring, exposed architectural concrete walls and ceilings, a neutral interior ready for your personal vision, and a brand-new, never-used oven/range and microwave create a refined industrial aesthetic with room to make it your own. A spacious balcony off the living room and a private balcony off the primary suite offer two outdoor spaces to enjoy the views. Cortez Hill is known for its peaceful residential character and commanding views over Downtown San Diego, offering a unique balance of tranquility and urban convenience. Residences with views this expansive, this much living space, and this level of value seldom come to market. Thoughtfully priced, this home delivers a luxury lifestyle without the luxury price tag—making it one of Downtown San Diego's most compelling values.

Mortgage Calculator

Est. Monthly Payment

$6,313

Principal & Interest$4,217
Property Tax$759
Insurance$221
HOA$1,116
%($151,800)
%
Loan Term

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.

Investment Score

21C
Est. Monthly Rent
$4,039

3 leases in this building · $3,849–$4,058

Thin data: only 3 leases behind this number.

Monthly Cashflow

Rent − PITIA

-$2,273
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,835

What would make this work?

$3,835/mo short at 20% down; 93% down or +$4,980/mo rent closes it.

Break-even price

66% under asking

$259,628
Break-even rent

$4,980/mo above the estimate

$9,019/mo
Cashflow at 35% down
−$3,044/mo
Down payment to break even

$705,870 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,217
Cap Rate
0.92%
Cash-on-Cash
-30.31%
DSCR

Need ≥ 1.25 for DSCR loan

0.64

NOI (Annual)
$7,005
Price-to-Rent

Lower = better for investors

15.7

* 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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CCashflow−$3,835/mo