2716 Columbine St.

2716 Columbine St.

A

San Diego, CA 92105

$425,000
NEW — 0d

Soft Appraisal Value: $544,400 · 21.9% below estimate

Beds

2

Baths

1

Sqft

558

Year Built

1930

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260017047SD

This property is in San Diego (92105). View neighborhood stats →

About This Property

AWESOME INVESTOR OPPORTUNITY on a peaceful block in the highly desirable (but rarely available), centrally located Azalea Park neighborhood! This CASH ONLY fixer needs a TOTAL renovation, but it features a corner lot, alley access, off-street parking, full fencing, plenty of level/sunny spaces for gardening, mature jacaranda & plumeria trees, a detached workshop (w/ laundry hookups), & gorgeous views of a lush green canyon that brings fresh cool breezes to the property year-round! PLEASE SEE SUPPLEMENT! Azalea Park is a “hidden gem” with its many canyons, trails, parks, events, murals, gardens, and so much more! From this property, it’s a quick drive or an easy walk to the Manzanita Gathering Place, Hollywood & Azalea Community Parks, the City Heights Canyon Loop Hiking Trail, Water Conservation Garden, City Heights Swim Center, Weingart Library & Performance Annex, weekly Farmers' Market, Copley-Price YMCA, Ocean Discovery Institute, etc. With close proximity to the 805, 15, & 94 freeways, we have quick & easy access to the beaches, Mission Valley, Balboa Park, and downtown SD (only a 10-minute drive). PLUS, Azalea Park is known for being pet-friendly with an active (no dues!) neighborhood association and an up & coming arts community (murals, mosaics, & MORE)!

Mortgage Calculator

Est. Monthly Payment

$2,698

Principal & Interest$2,149
Property Tax$425
Insurance$124
%($85,000)
%

Location

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Investment Score

65A
Est. Monthly Rent
$2,269
Monthly Cashflow

Rent − PITIA

$-429
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,305

Mortgage (P+I)
$2,149
Cap Rate
2.38%
Cash-on-Cash
-18.42%
DSCR

Need ≥ 1.25 for DSCR loan

0.84
Break-even Rent
$3,964

NOI (Annual)
$10,128
Price-to-Rent

Lower = better for investors

15.6

* 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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