1514 7th Avenue

1514 7th Avenue

D

San Diego, CA 92101

$399,000

Beds

1

Baths

1

Sqft

672

Year Built

1982

Days on Market

10

Property Type

Condo

HOA/mo

$450

MLS ID

260005160SD

Description

Downtown San Diego living for under $400k complete with parking, in-unit laundry, and a private balcony in charming Cortez Hill. Welcome to Beech Tower, located in one of downtown’s most desirable and residential pockets. This well-maintained 1-bedroom, 1-bath residence offers a comfortable and functional layout with an open living and dining area that flows to a private balcony. Inside, the home features in-unit laundry, generous closet space, and a spacious living area designed for both everyday living and entertaining. The unit also includes secured parking, a highly sought-after amenity for downtown living. Cortez Hill is known for its quiet, tree-lined streets while still being just minutes from the best of Downtown San Diego. Enjoy easy access to Little Italy, Balboa Park, the Gaslamp Quarter, waterfront attractions, restaurants, coffee shops, and major freeways, making commuting and exploring the city effortless. With its attractive price point and strong rental demand in downtown San Diego, this property presents an excellent opportunity for first-time buyers, professionals, second-home seekers, or investors looking to add a well-located asset to their portfolio. The property is currently tenant-occupied, offering immediate rental income potential. The tenant has taken great care of the unit and would love the opportunity to stay if possible, making this attractive for investors. Whether you're looking for a place to call home or a smart long-term investment, this is a rare opportunity to own in Downtown San Diego at an exceptional value

Mortgage Calculator

Est. Monthly Payment

$2,983

Principal & Interest$2,018
Property Tax$399
Insurance$116
HOA$450
%($79,800)
%

Investment Score

37D
Est. Monthly Rent
$2,817
Monthly Cashflow

Rent − PITI − HOA

$-166
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,146

Mortgage (P+I)
$2,018
Cap Rate
2.62%
Cash-on-Cash
-2.49%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.94
Break-even Rent
$2,983

NOI (Annual)
$10,459
Price-to-Rent

Lower = better for investors

11.8

* 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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