1080 Park Blvd 902
Ctop 80%San Diego, CA 92101
Pass at asking: -$2,738/mo full cashflow at 20% down, 7.49% rate.
Works at $194,390 (65% under asking), or at 92% down.
Rent $3,184/mo from 4 leases in this building ($3,144–$3,600).
Beds
2
Baths
2
Sqft
1,029
Year Built
2007
Days on Market
1
Property Type
Condo
HOA/mo
$952
MLS ID
260026097SD
This property is in San Diego (92101). View neighborhood stats →
About This Property
Enjoy sunrise to sunset from the community rooftop BBQ patio and hot tub! This condo is on the 9th floor with city and water views to the south/west. The two bedrooms were created with frosted glass doors to let in the natural light. There are two full bathrooms with the primary en-suite and a built-in office nook. Beautiful laminate floors in the living spaces and dine-in kitchen make for a contemporary space. There are 2 parking spaces, tandem in the gated, secure underground garage. The building is adjacent to San Diego City College and close to everything Downtown has to offer. Convenient transportation via the trolley just below the building!
Mortgage Calculator
Est. Monthly Payment
$4,733
Location
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Comparable Properties
5 comps foundThis Property
$3,184
Comp Average
$3,151
1441 9th Ave
2bd / 2ba · 1,004 sqft · Condo
$588K
Est. $3,592/mo
1025 Island Avenue
2bd / 2ba · 1,027 sqft · Condo
$639K
Est. $3,598/mo
1465 C St
2bd / 2ba · 1,030 sqft · Condo
$450K
Est. $2,542/mo
1465 C St
2bd / 2ba · 1,013 sqft · Condo
$515K
Est. $2,839/mo
1080 Park Blvd.
2bd / 2ba · 1,029 sqft · Condo
$675K
Est. $3,184/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
4 leases in this building · $3,144–$3,600
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,738/mo short at 20% down; 92% down or +$3,556/mo rent closes it.
- Break-even price
- $194,390
- Break-even rent
- $6,740/mo
- Cashflow at 35% down
- −$2,163/mo
- Down payment to break even
- 92%
- Rate to break even
- Not reachable
65% under asking
$3,556/mo above the estimate
$505,540 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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