1551 4th Ave
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1551 4th Ave #504

A

San Diego, CA 92101

$389,000

Beds

Baths

1

Sqft

523

Year Built

1996

Days on Market

9

Property Type

Condo

HOA/mo

$762.11

MLS ID

260014940SD

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

About This Property

azExperience the ultimate urban lifestyle at Solara Lofts, perfectly positioned between the historic charm of Cortez Hill and the vibrant culinary scene of Little Italy. This sleek, modern studio is the epitome of functional city living, offering a versatile open-concept floor plan that lives larger than its footprint. The unit features floor-to-ceiling windows with expansive city views, a kitchen featuring rare gas cooking, and a built-in Murphy bed that seamlessly transitions the space from a professional daytime suite to a cozy evening retreat. For the ultimate "move-in ready" experience, the unit is available to be sold fully furnished. Convenience is key with an in-unit washer/dryer, a dedicated storage unit, and an assigned parking space. What truly distinguishes Solara Lofts is its comprehensive wellness and social suite, tailored for an active downtown lifestyle. Residents benefit from a fully equipped fitness center, a soothing sauna, and private massage rooms, alongside the only indoor racquetball court in a downtown residential building. When hosting, the community lounge offers pool tables and—the rarest find in Downtown San Diego—secured guest parking for your visitors. Whether you’re a first-time buyer looking for a stylish primary residence or an investor seeking a high-demand property near the Mercato farmers market and Balboa Park, this unit delivers. Walk to San Diego’s best dining, grab a coffee in the Piazza della Famiglia, and return home to a boutique building that balances historic soul with modern utility. Ask about No HOA fees for up to 12 months!

Mortgage Calculator

Est. Monthly Payment

$3,232

Principal & Interest$1,967
Property Tax$389
Insurance$113
HOA$762
%($77,800)
%

Location

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Comparable Properties

2 comps found

This Property

$2,529

vs

Comp Average

$2,999

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

45B
Est. Monthly Rent
$2,529
Monthly Cashflow

Rent − PITIA

$-702
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,608

Mortgage (P+I)
$1,967
Cap Rate
1.11%
Cash-on-Cash
-24.80%
DSCR

Need ≥ 1.25 for DSCR loan

0.78
Break-even Rent
$4,617

NOI (Annual)
$4,309
Price-to-Rent

Lower = better for investors

12.8

* 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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