3161 1st
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3161 1st #3N

D

San Diego, CA 92103

$2,498,000
NEW — 1d

Soft Appraisal Value: $2,378,900 · 5.0% above estimate

Beds

2

Baths

2

Sqft

2,318

Year Built

1979

Days on Market

1

Property Type

Condo

HOA/mo

$1,215

MLS ID

260010879SD

This property is in San Diego (92103). View neighborhood stats →

About This Property

Set within one of only eight exclusive residences, this sought-after home offers tranquil perfection and refined design at every turn. Walls of glass invite an abundance of natural light, illuminating a spacious 2,318-square-foot floor plan curated for effortless living and elevated entertaining. A large living room seamlessly opens to a separate den, creating an airy, flexible space. Professionally designed and curated, French white oak flooring in a meticulous herringbone pattern anchors the light-filled interiors, while thoughtfully composed spaces evoke warmth, calm, and sophistication. Enjoy sweeping 180-degree views from sunrise to sunset, capturing lush treetops, sparkling city lights, and glimpses of the ocean. Extensively renovated and impossible to replicate, this residence reflects a masterful level of craftsmanship and attention to detail. The generous kitchen and breakfast area feature custom Moya Living cabinetry, book-matched quartzite surfaces, and premium Bosch and Liebherr appliances.The primary suite is a true retreat, offering a spa-inspired bath with marble flooring, a traditional English pedestal sink, free-standing soaking tub, large shower, and bespoke finishes. Custom drapery and Phillip Jeffries and Fornasetti wall coverings elevate the interiors. Reimagined from 2008–2026, enhancements include new baths, kitchen, flooring, lighting, custom doors, and specialty hardware. Ideally located in prestigious Bankers Hill at Sprucewood, moments from Balboa Park, downtown, and the airport—this home delivers rare privacy with exceptional conveniences.

Mortgage Calculator

Est. Monthly Payment

$17,073

Principal & Interest$12,631
Property Tax$2,498
Insurance$729
HOA$1,215
%($499,600)
%

Location

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Investment Score

0D
Est. Monthly Rent
$4,675
Monthly Cashflow

Rent − PITIA

$-12,398
Full Cashflow

Incl. vacancy, PM, maint, capex

$-15,555

Mortgage (P+I)
$12,631
Cap Rate
-1.40%
Cash-on-Cash
-37.36%
DSCR

Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$24,877

NOI (Annual)
$-35,087
Price-to-Rent

Lower = better for investors

44.5

* 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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