2400 5th Ave
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2400 5th Ave #203

A

San Diego, CA 92101

$474,900

Beds

Baths

1

Sqft

600

Year Built

2003

Days on Market

12

Property Type

Condo

HOA/mo

$750

MLS ID

260014604SD

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

Virtual Tour

About This Property

Step into one of Bankers Hill’s best-kept secrets—where location, lifestyle, and comfort come together in all the right ways. Welcome to Laurel Bay at 2400 5th Avenue, just moments from Balboa Park, Marston Point, and the iconic Cabrillo Bridge. This is more than a home—it’s your front-row seat to some of San Diego’s most beautiful and vibrant surroundings. Inside, the thoughtfully designed layout gives you space where it matters most, including a distinct separation between living and sleeping areas—perfect for both relaxing and entertaining. Natural light pours through a large bay window, creating a warm, inviting atmosphere, while the cozy fireplace adds the perfect touch for cooler evenings. The kitchen features a convenient eat-at counter, ideal for casual dining or hosting friends, and the in-unit washer and dryer make everyday living effortless. You’ll also enjoy a spacious walk-in closet and your own private patio overlooking the community pool—a peaceful retreat right at home. And it doesn’t stop there. Laurel Bay offers resort-style amenities including a pool, hot tub, fitness center, BBQ area, and game room—all in a beautifully maintained community. Plus, you’ll have the convenience of reserved parking in one of San Diego’s most desirable neighborhoods. Live steps from world-class dining, shopping, and culture—this is urban living without compromise. Opportunities like this in Bankers Hill don’t last.

Mortgage Calculator

Est. Monthly Payment

$3,765

Principal & Interest$2,401
Property Tax$475
Insurance$139
HOA$750
%($94,980)
%

Location

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Investment Score

49B
Est. Monthly Rent
$3,087
Monthly Cashflow

Rent − PITIA

$-678
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,784

Mortgage (P+I)
$2,401
Cap Rate
1.56%
Cash-on-Cash
-22.54%
DSCR

Need ≥ 1.25 for DSCR loan

0.82
Break-even Rent
$5,404

NOI (Annual)
$7,408
Price-to-Rent

Lower = better for investors

12.8

* 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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