2108 3rd Avenue
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2108 3rd Avenue #1

B

San Diego, CA 92101

$579,000
NEW — 0d

Beds

2

Baths

1.5

Sqft

924

Year Built

1980

Days on Market

0

Property Type

Condo

HOA/mo

$425

MLS ID

260010460SD

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

About This Property

Great starter place or investment property in Bankers Hill near Balboa Park and walking distance to restaurants. Easy access to freeway and downtown San Diego. Both bedrooms are upstairs, kitchen has been updated with stainless steel appliances, newer cabinets and Dekton countertops. Ground floor half bath, flooring and stairwell are also updated. Flooring is porcelain wood grain tile. Unit has stack washer / dryer on ground floor, city view balcony off primary bedroom, 2 spaces in carport, and a storage locker. 6 unit complex. Refrigerator does not convey, all other appliances in unit stay. Unit has the first 2 parking spaces next to the entry gate in the 3rd Avenue carport area. Each unit has a $7500 special assessment for balcony repairs / replacement. Additional assessment pending final bids on balcony work for each unit. This may limit or impact Buyer's ability to obtain financing at this time.

Mortgage Calculator

Est. Monthly Payment

$4,101

Principal & Interest$2,928
Property Tax$579
Insurance$169
HOA$425
%($115,800)
%

Location

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Investment Score

47B
Est. Monthly Rent
$3,185
Monthly Cashflow

Rent − PITIA

$-916
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,131

Mortgage (P+I)
$2,928
Cap Rate
1.65%
Cash-on-Cash
-22.08%
DSCR

Need ≥ 1.25 for DSCR loan

0.78
Break-even Rent
$5,952

NOI (Annual)
$9,563
Price-to-Rent

Lower = better for investors

15.1

* 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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