3266 1st Ave San Diego

3266 1st Ave San Diego

D

, CA 92103

$615,000

Beds

1

Baths

1.5

Sqft

934

Year Built

1971

Days on Market

27

Property Type

Condo

HOA/mo

$637

MLS ID

ND26025697

Description

Gem in the Heart of Bankers Hill!Discover 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. 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 well-maintained complex features a sunny pool, a controlled-access lobby with a Butterfly system, community laundry, bike storage, and a spacious recreation 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.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 an unbeatable 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

$4,541

Principal & Interest$3,110
Property Tax$615
Insurance$179
HOA$637
%($123,000)
%

Investment Score

4D
Est. Monthly Rent

Market Rent Estimate

$2,958
Monthly Cashflow

Rent − PITI − HOA

$-1,583
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,776

Mortgage (P+I)
$3,110
Cap Rate
0.65%
Cash-on-Cash
-15.44%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.95
Break-even Rent
$4,541

NOI (Annual)
$4,010
Price-to-Rent

Lower = better for investors

17.3

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

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