3266 1st Ave
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3266 1st Ave #13

B

San Diego, CA 92103

$550,000

Soft Appraisal Value: $537,200 · 2.4% above estimate

Beds

1

Baths

1.5

Sqft

934

Year Built

1971

Days on Market

162

Property Type

Condo

HOA/mo

$637

MLS ID

ND26025697

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

Virtual Tour

About This Property

UNBELIEVABLE VALUE! UNBEATABLE LOCATION and PRICE! A rare find of a generously sized 1-bedroom, 1.5-bath turnkey condo just blocks from Balboa Park and minutes from the vibrant dining, nightlife, and culture of Hillcrest. Located on the first floor, this inviting home offers a spacious and comfortable layout rarely found in a one-bedroom residence, with the added convenience of a half bath for guests.Stylish vinyl flooring adds warmth and durability throughout, while newer HVAC provides year-round comfort. Newer dual paned window and slider for energy efficiency and a quiet home. The unit also offers the potential to add in-unit laundry for even greater convenience.One of the home’s standout features is the private patio — the perfect place to enjoy your morning coffee, take in neighborhood views, and soak up the energy of this lively, explorable community.The Capistrano is a well maintained building that had their major systems such as the roof and plumbing updated since 2020. They also invested in remodeling their common areas so this HOA has taken care of the big ticket concerns. Your HOA fee provides some exceptional amenities such as a sunny pool, a controlled-access lobby with a Butterfly system, community laundry, bike storage, and a spacious recreation/entertainment room with a pool table and ping-pong. A rare and thoughtful bonus is the on-site guest suite available for owners’ visitors — free for up to 12 days per year (cleaning fee applies) — making hosting friends and family easy and affordable. Water is included as well. This home includes one underground parking space and a large private storage unit. With first-floor access, an elevator in the building, daily living is both easy and convenient.All of this in a Bankers Hill location near Balboa Park, Hillcrest, local coffee shops, restaurants, Downtown, major freeways, and the airport — offering the perfect blend of neighborhood charm and urban accessibility.

Mortgage Calculator

Est. Monthly Payment

$4,129

Principal & Interest$2,781
Property Tax$550
Insurance$160
HOA$637
%($110,000)
%

Location

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Investment Score

37C
Est. Monthly Rent
$2,930
Monthly Cashflow

Rent − PITIA

$-1,198
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,330

Mortgage (P+I)
$2,781
Cap Rate
0.98%
Cash-on-Cash
-25.42%
DSCR

Need ≥ 1.25 for DSCR loan

0.71
Break-even Rent
$5,956

NOI (Annual)
$5,409
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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