1514 7th Ave
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1514 7th Ave #403

B

San Diego, CA 92101

$574,000

Soft Appraisal Value: $571,500 · 0.4% above estimate

Beds

2

Baths

2

Sqft

1,069

Year Built

1982

Days on Market

42

Property Type

Condo

HOA/mo

$781

MLS ID

260006837SD

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

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About This Property

Modern Urban Sanctuary with Future Upside | Heart of Cortez Hill Welcome to Unit 403 at Beech Tower. Experience the perfect blend of sophisticated design and downtown convenience in this updated 2-bedroom, 2-bathroom end-unit. Bathed in natural light, this home underwent a comprehensive transformation in late 2021, offering a sleek, move-in-ready aesthetic in San Diego’s most charming downtown neighborhood. Interior Highlights: • Designer Kitchen (Oct 2021): A chef’s delight featuring crisp quartz countertops, contemporary cabinetry, and premium finishes. • Modern Flooring & Climate: Stunning high-end Luxury Vinyl Plank (LVP) throughout and a brand-new HVAC system (Oct 2021) for total peace of mind. • Smart Privacy: Equipped with custom automated retractable shades, perfect for curating light and privacy with the touch of a button. The "Cortez Hill" Edge & Future Equity: This is a rare "buy the dip" opportunity. Positioned directly across from the new Kindred project, a $100M+ architectural gem nearing completion (Level 6 of 8). • Built-in Value: Once finished, your new neighbor will feature 4,400 sq. ft. of ground-floor community retail, bringing fresh amenities and enhanced curb appeal literally to your doorstep. • Instant Equity: Savvy buyers know that property values surge once major neighboring construction concludes. Buy now at a value price before the "completion premium" kicks in! • Parking Unicorn: Rare downtown parking configuration featuring 1 Secure Garage Space PLUS up to 4 additional parking permits for guests or extra vehicles.

Mortgage Calculator

Est. Monthly Payment

$4,425

Principal & Interest$2,902
Property Tax$574
Insurance$167
HOA$781
%($114,800)
%

Location

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Investment Score

34C
Est. Monthly Rent
$3,157
Monthly Cashflow

Rent − PITIA

$-1,267
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,472

Mortgage (P+I)
$2,902
Cap Rate
0.90%
Cash-on-Cash
-25.84%
DSCR

Need ≥ 1.25 for DSCR loan

0.71
Break-even Rent
$6,367

NOI (Annual)
$5,167
Price-to-Rent

Lower = better for investors

15.2

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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