1642 7th
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1642 7th #421

B

San Diego, CA 92101

$487,000
NEW — 3d

Beds

1

Baths

1

Sqft

888

Year Built

2004

Days on Market

3

Property Type

Condo

HOA/mo

$634.47

MLS ID

260013794SD

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

About This Property

Welcome home to The Mills atop of beautiful Cortez Hill! This spacious corner VA and FHA approved unit features new carpet, updated kitchen with newer black stainless-steel appliances, and stackable in-unit washer and dryer. Smart-home upgrades include Google Nest keyless entry, smart thermostat, and integrated fire alarms. The home also features a balcony with views of Balboa Park and the bay. Building amenities include underground garage parking, fully equipped fitness center, private storage unit, additional street parking permits, and access to the historic Mills House clubhouse. The location is perfect for an active lifestyle. Minutes from Cal Western Law School, Balboa Park, Little Italy, Bankers Hill, Gaslamp, Petco Park, the Embarcadero, and the airport. Walk to restaurants, the farmer's market, concerts, entertainment, and outdoor recreation—while still feeling tucked away from downtown’s hustle! With all this at your fingertips, this home is a must see!

Mortgage Calculator

Est. Monthly Payment

$3,726

Principal & Interest$2,463
Property Tax$487
Insurance$142
HOA$634
%($97,400)
%

Location

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Investment Score

36C
Est. Monthly Rent
$2,581
Monthly Cashflow

Rent − PITIA

$-1,145
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,144

Mortgage (P+I)
$2,463
Cap Rate
0.78%
Cash-on-Cash
-26.42%
DSCR

Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$5,366

NOI (Annual)
$3,817
Price-to-Rent

Lower = better for investors

15.7

* 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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