1642 7th
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1642 7th #325

D

San Diego, CA 92101

$489,000
NEW — 1d on market

Beds

1

Baths

1

Sqft

761

Year Built

2004

Days on Market

1

Property Type

Condo

HOA/mo

$611.42

MLS ID

260008623SD

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

About This Property

Welcome to The Mills in the heart of desirable Cortez Hill—where historic charm meets modern downtown living. This spacious recently updated home offers a desirable floor plan with abundance of natural lighting and a quiet, private setting within the community. Features include a modern well-appointed kitchen, in-unit laundry, central A/C, and ample storage. Enjoy your own private patio—perfect for relaxing or entertaining while taking in the peaceful surroundings of this hilltop neighborhood. Stroll along picturesque, jacaranda lined streets and experience the unique balance of serenity and city living. Residents enjoy access to the fitness center, secured underground parking with 8' 2" clearance accommodating taller vehicles, and the iconic Mills House clubhouse. VA and FHA approved, this community offers exceptional accessibility. Ideally located just minutes from Balboa Park, Little Italy, the Gaslamp Quarter, Petco Park, and the waterfront—this is downtown living with a neighborhood feel.

Mortgage Calculator

Est. Monthly Payment

$3,716

Principal & Interest$2,473
Property Tax$489
Insurance$143
HOA$611
%($97,800)
%

Location

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Investment Score

2D
Est. Monthly Rent
$2,503
Monthly Cashflow

Rent − PITIA

$-1,213
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,196

Mortgage (P+I)
$2,473
Cap Rate
0.68%
Cash-on-Cash
-26.95%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$5,355

NOI (Annual)
$3,317
Price-to-Rent

Lower = better for investors

16.3

* 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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