2330 1st Ave
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2330 1st Ave #405

D

San Diego, CA 92101

$949,900
NEW — 5d

Beds

3

Baths

2

Sqft

1,315

Year Built

2006

Days on Market

5

Property Type

Condo

HOA/mo

$658

MLS ID

260008763SD

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

About This Property

First time on market! One-of-a-Kind Loft Condo at The Lodge in Bankers Hill! Welcome to one of the most distinctive residences, as a matter of fact, the only unit of its kind in The Lodge, a sought-after Bankers Hill community. One feature that sets this apart is a permitted loft & windows addition, with a custom fabricated spiral staircase, that adds a versatile third space above the two main level bedrooms, ideal for a home office, studio, bedroom or guest area. Vaulted ceilings and great natural light make the home feel open and expansive. The loft features added windows for additional light, a peek view, and improved airflow throughout. The main level has 2 bedrooms, 2 bathrooms & 2 balconies, extending the living space outdoors giving you great spaces to enjoy San Diego's famous weather. The unit has been freshly painted & has upgrades throughout & offers more storage than most condos, with three dedicated storage spaces in addition to nicely sized closets. In-unit laundry, two community secured garaged parking spaces, and central AC round out the practical amenities. Community features include a BBQ and outdoor seating area, a fitness center, and secured gated access. The Lodge sits steps from Balboa Park, Little Italy, and the dining corridor along 5th Avenue, with Downtown San Diego just minutes away. You won't want to miss out on this truly unique and special home!

Mortgage Calculator

Est. Monthly Payment

$6,688

Principal & Interest$4,803
Property Tax$950
Insurance$277
HOA$658
%($189,980)
%

Location

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Investment Score

16D
Est. Monthly Rent
$4,264
Monthly Cashflow

Rent − PITIA

$-2,424
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,196

Mortgage (P+I)
$4,803
Cap Rate
0.77%
Cash-on-Cash
-26.51%
DSCR

Need ≥ 1.25 for DSCR loan

0.64
Break-even Rent
$9,714

NOI (Annual)
$7,282
Price-to-Rent

Lower = better for investors

18.6

* 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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