2855 Fifth Avenue

2855 Fifth Avenue #1304

D

San Diego, CA 92103

$7,200,000
NEW — 2d on market

Beds

3

Baths

3.5

Sqft

4,875

Year Built

2018

Days on Market

2

Property Type

Condo

HOA/mo

$2,507

MLS ID

PTP2602493

Description

The Ultimate San Diego Penthouse! Bold & modern architecture at The Park Bankers Hill. From atop the southwest corner, Penthouse D provides iconic views from every room: La Jolla, the Pacific and the bay, the beach communities, Pt. Loma, Bankers Hill, downtown, Coronado, Balboa Park, the local mountains & south to Mexico. The topography of Bankers Hill places you above it all for a unique perspective of San Diego. This unrivaled property has walls of floor-to-ceiling glass that accentuate the home's volume, offering a massive 5,536 square feet of combined indoor & outdoor space. The floor plan encompasses 2 levels with 3 bdrms, 3.5 baths, a den, and a study. Over $1M in design upgrades. The outdoor fireplace and balconies are alluring both day & night. Impeccable design by JB Noble Interiors, Studio Emphasis & Studio Europa Leicht. Smart Home automation & media by Trace Controls. The Park was built in 2018 by Zephyr and Balfour Beatty, with lavish amenities including a wine room, billiards, poker table, club room with dual kitchens, entertainment lounge, private dining / meeting room, fitness center & dressing rooms, pool & spa, 2 fully furnished guest suites, and a dog wash. Located across the street from San Diego's crown jewel, the 1,200-acre Balboa Park (larger than NYC's Central Park), home to The Old Globe Theatre and the San Diego Zoo. Penthouse D at The Park is truly one of a kind.

Mortgage Calculator

Est. Monthly Payment

$48,214

Principal & Interest$36,407
Property Tax$7,200
Insurance$2,100
HOA$2,507
%($1,440,000)
%

Comparable Properties

2 comps found

This Property

$6,240

vs

Comp Average

$7,689

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$6,240
Monthly Cashflow

Rent − PITIA

$-41,974
Full Cashflow

Incl. vacancy, PM, maint, capex

$-49,409

Mortgage (P+I)
$36,407
Cap Rate
-2.17%
Cash-on-Cash
-41.17%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.13
Break-even Rent
$70,408

NOI (Annual)
$-156,026
Price-to-Rent

Lower = better for investors

96.2

* 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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