2701 2nd Ave San Diego

2701 2nd Ave San Diego

D

, CA 92103

$699,000

Beds

1

Baths

1

Sqft

1,040

Year Built

1970

Days on Market

26

Property Type

Condo

HOA/mo

$585

MLS ID

260002851SD

Description

A Love Letter to 2701 2nd Avenue: Tucked into the heart of Bankers Hill on a quiet dead-end block with minimal traffic, this is the “quiet” city living everyone is searching for. The largest one-bedroom condo downtown, this home offers a huge open layout plus an additional flex space perfect for dining, a home office, or even a second sleeping area. With coveted south and west exposure, south-facing windows in every room fill the space with natural light, while ocean, bay, city, and sunset views create a stunning backdrop to daily life. The upgraded kitchen features sleek white cabinetry and quartz countertops that flow seamlessly into the living space, and the remodeled bathroom adds a fresh, modern touch. Enjoy secure parking for two vehicles plus ample garage storage — a rare city convenience. Just down the block you’ll find a neighborhood park, with Maple Canyon Trail and Balboa Park’s trail system both within a 5–10 minute walk. With new paid parking at Balboa Park, the ability to walk there is more valuable than ever, and you’re also ideally located near the energy of Little Italy and Hillcrest, with coffee shops and restaurants galore in all the surrounding area. Close to the 1st Avenue Bridge and surrounded by incredible walkability, this home offers refined urban living with a peaceful, scenic soul.

Mortgage Calculator

Est. Monthly Payment

$5,022

Principal & Interest$3,535
Property Tax$699
Insurance$204
HOA$585
%($139,800)
%

Investment Score

3D
Est. Monthly Rent

Market Rent Estimate

$3,112
Monthly Cashflow

Rent − PITI − HOA

$-1,911
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,209

Mortgage (P+I)
$3,535
Cap Rate
0.56%
Cash-on-Cash
-16.40%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.88
Break-even Rent
$5,023

NOI (Annual)
$3,909
Price-to-Rent

Lower = better for investors

18.7

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

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