2620 2nd Avenue

2620 2nd Avenue

D

San Diego, CA 92103

$800,000

Beds

3

Baths

2

Sqft

1,551

Year Built

1971

Days on Market

27

Property Type

Condo

HOA/mo

$876.75

MLS ID

PT26024927

View on MLS

Description

Located on the 5th floor, this spacious 3-bedroom, 2-bath condo offers an exceptional opportunity in the heart of Banker’s Hill—just four blocks from Balboa Park and within walking distance to some of San Diego’s best restaurants, cafés, and nightlife. Enjoy an open-concept layout filled with natural light and sweeping views of Mission Bay and Downtown San Diego. Step out onto the generous private balcony to soak in breathtaking sunsets and refreshing ocean breezes. The unit has been well maintained and is in very good condition, with cosmetic updates providing the perfect chance to add your personal touch. Ideally situated near Little Italy, Downtown, Hillcrest, and the Gaslamp Quarter, this home also includes two tandem garage parking spaces for added convenience.

Mortgage Calculator

Est. Monthly Payment

$5,955

Principal & Interest$4,045
Property Tax$800
Insurance$233
HOA$877
%($160,000)
%

Investment Score

27D
Est. Monthly Rent

Market Rent Estimate

$5,436
Monthly Cashflow

Rent − PITI − HOA

$-519
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,436

Mortgage (P+I)
$4,045
Cap Rate
2.41%
Cash-on-Cash
-3.89%
DSCR
1.34
Break-even Rent
$5,955

NOI (Annual)
$19,312
Price-to-Rent

Lower = better for investors

12.3

* Defaults: 20% down, 6.5% rate, 30yr.

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