1642 7th Avenue
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1642 7th Avenue #424

B

San Diego, CA 92101

$497,000
NEW — 1d

Soft Appraisal Value: $478,900 · 3.8% above estimate

Beds

1

Baths

1

Sqft

747

Year Built

2004

Days on Market

1

Property Type

Condo

HOA/mo

$611

MLS ID

NDP2604909

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

Virtual Tour

About This Property

Discover this desirable east-facing gem--a light filled 1 bedroom, 1 bath condo with an airy, open feel. The generous living space features wide-plank flooring, stainless steel appliances, granite counters, floating cabinetry, in-unit washer/dryer, and a private balcony. One underground parking space and storage locker! Perfectly positioned in the sought-after neighborhood of Cortez Hill, The Mills offers a unique blend of urban convenience and neighborhood charm with elevated setting showcasing captivating city views, lush greenery, & picturesque surroundings. Amenities are centered around the Historic 1900s Craftsman-style Mills House, featuring a clubhouse with a full kitchen, entertainment lounge, billiards table, & fireplace. Additional amenities include a fitness center, BBQ area, & a welcoming lobby. This well-appointed building combines comfort, character, and convenience in one of downtown San Diego’s most desirable communities.

Mortgage Calculator

Est. Monthly Payment

$3,766

Principal & Interest$2,513
Property Tax$497
Insurance$145
HOA$611
%($99,400)
%

Location

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Investment Score

45B
Est. Monthly Rent
$2,905
Monthly Cashflow

Rent − PITIA

$-861
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,943

Mortgage (P+I)
$2,513
Cap Rate
1.38%
Cash-on-Cash
-23.46%
DSCR

Need ≥ 1.25 for DSCR loan

0.77
Break-even Rent
$5,429

NOI (Annual)
$6,836
Price-to-Rent

Lower = better for investors

14.3

* 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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