1333 8th Ave 705

1333 8th Ave 705

Ctop 80%

San Diego, CA 92101

$699,000
NEW — 1d

Pass at asking: -$3,324/mo full cashflow at 20% down, 7.49% rate.

Works at $268,097 (62% under asking), or at 89% down.

Rent $4,010/mo from 28 leases of 2-bed condos & townhomes within 0.5 mi ($3,353–$3,969).

Beds

2

Baths

2

Sqft

1,143

Year Built

1982

Days on Market

1

Property Type

Condo

HOA/mo

$1,020

MLS ID

260026094SD

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

About This Property

Welcome to Symphony Terrace in the highly desirable Cortez Hill neighborhood of downtown San Diego. This beautifully remodeled southwest corner residence offers abundant natural light, refreshing cross breezes, and sweeping city views from the living room, private balcony, and both bedrooms. Thoughtfully updated throughout, the home features an open-concept layout with upgraded flooring, baseboards, and modern finishes. Continued in Supplement below... The renovated kitchen is designed for both style and functionality, showcasing granite countertops, stainless steel appliances, recessed lighting, and custom cabinetry with soft-close doors and drawers. Both bathrooms have been tastefully remodeled with updated cabinetry, countertops, and fixtures. The spacious primary suite includes a walk-in closet and a sleek walk-in shower. Additional highlights include in-unit laundry, two tandem underground parking spaces, and a private storage locker--offering both convenience and value. Symphony Terrace is a well-maintained community offering resort-style amenities, including a pool, spa, fitness center, sauna, steam room, bike storage, guest suite, and poolside barbecue area. Ideally located with easy access to Interstate 5 and Highway 163, Cortez Hill provides a peaceful residential setting just moments from the vibrant energy of Little Italy, the Gaslamp Quarter, and Balboa Park. This is an exceptional opportunity to own a move-in ready residence in one of downtown's most charming and convenient neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$5,829

Principal & Interest$3,906
Property Tax$699
Insurance$204
HOA$1,020
%($139,800)
%
Loan Term

Location

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Investment Score

30C
Est. Monthly Rent
$4,010

28 leases of 2-bed condos & townhomes within 0.5 mi · $3,353–$3,969

Blended 50/50 with the zip's market median ($4,444)

Monthly Cashflow

Rent − PITIA

-$1,819
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,324

What would make this work?

$3,324/mo short at 20% down; 89% down or +$4,317/mo rent closes it.

Break-even price

62% under asking

$268,097
Break-even rent

$4,317/mo above the estimate

$8,327/mo
Cashflow at 35% down
−$2,592/mo
Down payment to break even

$622,110 cash

89%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,906
Cap Rate
1.34%
Cash-on-Cash
-28.53%
DSCR

Need ≥ 1.25 for DSCR loan

0.69

NOI (Annual)
$9,392
Price-to-Rent

Lower = better for investors

14.5

* 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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CCashflow−$3,324/mo