3200 6th Ave
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3200 6th Ave #307

C

San Diego, CA 92103

$1,249,000
NEW — 2d

Soft Appraisal Value: $1,217,700 · 2.6% above estimate

Beds

2

Baths

2

Sqft

1,150

Year Built

1959

Days on Market

2

Property Type

Condo

HOA/mo

$1,015

MLS ID

260013813SD

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

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About This Property

Within one of San Diego's most celebrated mid-century landmarks, a singular opportunity quietly awaits. Set within the historic Salomon Building overlooking Balboa Park, timeless architecture is paired with a thoughtful refresh that feels perfectly at home today. Among the building's third floor park-facing residences, only this home enjoys the privilege of a private terrace, an outdoor room opening toward the park's magnificent canopy. Inside, walls of glass borrow the beauty of Balboa Park as a living backdrop, while a desirable split-bedroom design offers two en-suite bedroom retreats, each with park views. Enhanced with refined updates, secured parking, private storage, community pool, fitness room and valuable Mills Act tax advantages, this is a rare offering where history, architecture, and everyday living exist in remarkable harmony. *See Supplement For Details* Some homes offer a view of Balboa Park. Very few become part of its landscape. Residence 307 (3G) occupies a special place within this iconic mid-century masterpiece commissioned by Colonel Irving Salomon and designed by renowned architect Henry Hester. More than six decades later, the building remains one of San Diego's architectural treasures, celebrated for its clean lines, generous glass and enduring connection to its surroundings. What distinguishes this home is not simply its location, but its perspective. An ever-changing composition of light, texture and color that feels as though it was intentionally framed by Henry Hester himself. A massive added benefit is the resurrection of Bankers Hill into a gastronomic destination. Residents enjoy the rare luxury of a neighborhood where culture, cuisine and daily conveniences are all within an easy stroll. Recent improvements were undertaken with a clear respect for the home's character. Fresh interior paint, luxurious wool carpeting, new custom-made draperies and carefully selected kitchen enhancements - including new flooring, built-in oven, and microwave - elevate the home without compromising its authenticity. The Salomon Building's historic designation also offers the benefit of Mills Act participation, providing substantial property tax savings while preserving one of San Diego's most important residential landmarks.

Mortgage Calculator

Est. Monthly Payment

$8,944

Principal & Interest$6,316
Property Tax$1,249
Insurance$364
HOA$1,015
%($249,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,771
Monthly Cashflow

Rent − PITIA

$-5,173
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,081

Mortgage (P+I)
$6,316
Cap Rate
-0.74%
Cash-on-Cash
-34.01%
DSCR

Need ≥ 1.25 for DSCR loan

0.42
Break-even Rent
$12,967

NOI (Annual)
$-9,182
Price-to-Rent

Lower = better for investors

27.6

* 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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