1080 Park Blvd San Diego

1080 Park Blvd San Diego

D

, CA 92101

$575,000

Beds

2

Baths

2

Sqft

1,037

Year Built

2007

Days on Market

26

Property Type

Condo

HOA/mo

$999

MLS ID

260002810SD

Description

Value Range $550,000-$575,000. Set above the city on the 8th floor, this corner residence at Smart Corner delivers modern downtown living with exceptional light, style, and convenience. With south/east- and north-facing exposures, the residence features floor-to-ceiling windows throughout, a south/east-facing balcony, and abundant natural light filling both the living spaces and bedroom. The home showcases a modern industrial aesthetic with concrete ceilings and exposed ductwork, paired with a thoughtfully designed open-concept layout ideal for entertaining or a live/work lifestyle. Recent upgrades include new luxury vinyl flooring, fresh interior paint, and all brand-new kitchen appliances, with a convenient in-unit stackable washer and dryer located in the hallway laundry closet. This one-bedroom (with optional 2 bedroom) residence offers the rare advantage of two full bathrooms, along with ceiling fans in the primary bedroom and open living/dining area, central heating and air, and two tandem parking spaces in a gated underground garage with elevator access to the residential floors. The pet-friendly community offers a rooftop spa, barbecue area, outdoor common spaces, and a second-floor fitness center, and is ideally situated near public transportation, major freeways, San Diego City College, everyday conveniences such as Starbucks, Subway, and 7-Eleven just outside the building, and close proximity to San Diego Bay, Balboa Park, the world-famous San Diego Zoo, the Gaslamp Quarter, Petco Park, dining, shopping, and nightlife. Underground parking is P4-155 and P4-156

Mortgage Calculator

Est. Monthly Payment

$4,649

Principal & Interest$2,908
Property Tax$575
Insurance$168
HOA$999
%($115,000)
%

Investment Score

9D
Est. Monthly Rent

Market Rent Estimate

$3,655
Monthly Cashflow

Rent − PITI − HOA

$-995
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,314

Mortgage (P+I)
$2,908
Cap Rate
1.24%
Cash-on-Cash
-10.38%
DSCR
1.26
Break-even Rent
$4,650

NOI (Annual)
$7,118
Price-to-Rent

Lower = better for investors

13.1

* Defaults: 20% down, 6.5% rate, 30yr.

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