1514 7th Avenue
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1514 7th Avenue #306

D

San Diego, CA 92101

$699,000
NEW — 0d

Beds

3

Baths

2

Sqft

1,348

Year Built

1982

Days on Market

0

Property Type

Condo

HOA/mo

$938.34

MLS ID

260010021SD

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

About This Property

Price adjustment to sell! Located on a quiet tree lined street, with beautiful mature Jacaranda trees. Unit is situated on the east side of the property, which is the opposite side of the new construction site. In addition, the unit does not share any walls with neighboring units. One need only make a personal visit to experience the full essence of this well appointed three bedroom 2 bath residence, all in a spacious 1,348 square feet of living space. The most spacious 12 foot by 7 foot entry foyer is just a hint of what you are about to encounter…a spacious open floor plan, engineered hardwood flooring, the perfect sized kitchen, all leading to the balcony with picturesque views that include the historic El Cortez Hotel. Not to be overlooked, of course the central heating and air-conditioning system to keep you comfortable year-round. And certainly a rarity these days is the secure two vehicle parking accommodations, no shared walls, as well as access to a storage room, in addition to two storage cabinets in the garage. You will have guest quarters for your visitors, a most inviting pool and spa, and lest we forget, the excellent location convenient to what San Diego is famous for, Balboa Park, the Gas Lamp, the abundance of restaurants, coffee houses, shops, and the most delectable of dessert venues. And when you want a change of scenery, the location is close to freeways and transportation. This property is the one that you don’t want to miss out on. There are new elevators and a new roof, and the building is built with cement and steel, offering higher quality construction and a more quiet living experience.

Mortgage Calculator

Est. Monthly Payment

$5,376

Principal & Interest$3,535
Property Tax$699
Insurance$204
HOA$938
%($139,800)
%

Location

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Investment Score

29D
Est. Monthly Rent
$3,845
Monthly Cashflow

Rent − PITIA

$-1,531
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,998

Mortgage (P+I)
$3,535
Cap Rate
0.92%
Cash-on-Cash
-25.73%
DSCR

Need ≥ 1.25 for DSCR loan

0.72
Break-even Rent
$7,738

NOI (Annual)
$6,442
Price-to-Rent

Lower = better for investors

15.1

* 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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