
1642 7th Street 419
Btop 30%San Diego, CA 92101
Pass at asking: -$2,671/mo full cashflow at 20% down, 7.49% rate.
Works at $213,701 (62% under asking), or at 89% down.
Rent $2,900/mo from 13 leases of 1-bed condos & townhomes within 0.5 mi ($2,583–$2,996).
Beds
1
Baths
1
Sqft
841
Year Built
2004
Days on Market
1
Property Type
Condo
HOA/mo
$585
MLS ID
260026095SD
This property is in San Diego (92101). View neighborhood stats →
About This Property
Own Your Downtown Escape--Modern Upgrades & Balcony Views at The Mills at Cortez Hill! Come home to modern style, smart-home convenience, and downtown San Diego at your doorstep. This thoughtfully enhanced residence at The Mills at Cortez Hill puts you just one mile from Petco Park and minutes from Balboa Park, Little Italy, the Gaslamp Quarter, and downtown's vibrant dining and nightlife. Enjoy a pet-friendly community that brings convenience and character together--then head out to explore everything nearby. Step inside and discover upgrades that make everyday living feel special: new flooring, an updated shower, contemporary linear lighting, recessed downlights, and a stylish lighted bathroom mirror. An updated electrical system, smart switches, and a smart thermostat bring added convenience to your daily routine. Step out to your private, covered balcony-your everyday escape, with views of downtown, the waterfront, and Balboa Park. Beyond your door, discover the historic Mills House--an early-1900s Craftsman home originally built by renowned architect Irving Gill, now an exceptional resident gathering space. With a full kitchen, fireplace, pool table, large-screen TV, and conference room, it offers space to gather and unwind. Complete the experience with a fitness center, secure underground parking, an extra storage unit, high-speed elevators, landscaped courtyards, multiple lobby entrances, and nighttime security. Picture your next chapter here: downtown adventures, a private balcony retreat, and a beautifully upgraded place to call your own.
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Est. Monthly Payment
$4,438
Location
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Comparable Properties
5 comps foundThis Property
$2,900
Comp Average
$2,992

300 Beech Street
1bd / 1.5ba · 876 sqft · Condo
$499K
Est. $3,339/mo
427 9th Ave
1bd / 1ba · 826 sqft · Condo
$419K
Est. $2,800/mo
2400 5th Ave
1bd / 1ba · 801 sqft · Condo
$569K
Est. $3,486/mo
550 Park Blvd
1bd / 1ba · 810 sqft · Condo
$495K
Est. $2,468/mo
530 K St
1bd / 1ba · 823 sqft · Condo
$559K
Est. $2,866/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
13 leases of 1-bed condos & townhomes within 0.5 mi · $2,583–$2,996
Blended 50/50 with the zip's market median ($2,924)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,671/mo short at 20% down; 89% down or +$3,469/mo rent closes it.
- Break-even price
- $213,701
- Break-even rent
- $6,369/mo
- Cashflow at 35% down
- −$2,084/mo
- Down payment to break even
- 89%
- Rate to break even
- Not reachable
62% under asking
$3,469/mo above the estimate
$498,400 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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