3200 6th Ave San Diego

3200 6th Ave San Diego

D

, CA 92103

$979,000

Beds

2

Baths

2

Sqft

1,058

Year Built

1959

Days on Market

36

Property Type

Condo

HOA/mo

$994

MLS ID

260001971SD

Description

Iconic mid-century modern living at the acclaimed Salomon Building, a 1959 architectural masterpiece by master architect Henry Hester, regarded as one of San Diego's finest examples of mid-century modern design. Ideally located directly across from Balboa Park in the heart of prestigious Bankers Hill, this residence offers urban luxury at its finest. Unit 205 is a warm and inviting two-bedroom, two-bath home that blends classic modernist design with contemporary livability. Expansive windows fill the space with natural light. The flexible second bedroom features fine cabinetry with a concealed Murphy Bed allowing the space to function seamlessly as a 2nd bedroom/guest room/office or creative studio.The Salomon Building enjoys Mills Act historic designation, providing substantial annual property tax savings, an exceptional benefit rarely found in condominium living. Step outside to access to Balboa Park’s cultural institutions, museums, gardens, and walking paths, along with some of San Diego’s best dining, cafés, and boutique shopping. Mills Act historic designation provides significant annual tax savings on this condo.

Mortgage Calculator

Est. Monthly Payment

$7,209

Principal & Interest$4,950
Property Tax$979
Insurance$286
HOA$994
%($195,800)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$3,320
Monthly Cashflow

Rent − PITI − HOA

$-3,889
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,469

Mortgage (P+I)
$4,950
Cap Rate
-0.64%
Cash-on-Cash
-23.84%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$7,209

NOI (Annual)
$-6,221
Price-to-Rent

Lower = better for investors

24.6

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

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