3535 1st Ave

3535 1st Ave #4D

D

San Diego, CA 92103

$875,000

Beds

2

Baths

2

Sqft

1,549

Year Built

1973

Days on Market

278

Property Type

Condo

HOA/mo

$1,070

MLS ID

220020592SD

View on MLS

Description

Century Plaza Towers designed by renowned architect William Krisel, is a San Diego icon. Recently designated Historical Landmark, the Mills Act offers welcomed tax savings. Rarely does an updated southern facing unit with Pt Loma, peaks of the Bay, Coronado, firework shows, and City views from the living room become available - barring May-gray haze, the crisp blue water leads to one of the Coronado Islands. Single level interior with no shared walls is bright and flooded with natural light through the floor-to-ceiling windows. An extra large primary contains 2 closets; a walk-in and another to spare. The open and spacious floor-plan is an entertainer’s delight and simply not to be missed. BILLION dollar views beget the penthouse common areas and features 360 degrees of jaw dropping splendor containing an airy open gym with unparalleled views, billiards, sauna, and entertaining foray w/ mid-century light fixtures, fireplace and decor. Perfect location to bring your chef and throw an elegant soiree. A 65k assessment for updates is already paid for the next owner’s benefit, coupled alongside the newly approved historical designation - this is the ultimate lifestyle wrapped in smart future planning and savings. Enjoy this truly special location in sunny Bankers Hill and have the best of all the cultural events, outdoor activities, close proximity to all the most delicious restaurants of Hillcrest, Balboa Park, Little Italy, and Downtown. Complex Features: ,,,, Equipment: Dryer, Washer Sewer: Sewer Connected Topography: LL

Mortgage Calculator

Est. Monthly Payment

$6,625

Principal & Interest$4,424
Property Tax$875
Insurance$255
HOA$1,070
%($175,000)
%

Investment Score

0D
Est. Monthly Rent
$3,148
Monthly Cashflow

Rent − PITIA

$-3,476
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,930

Mortgage (P+I)
$4,424
Cap Rate
-0.69%
Cash-on-Cash
-33.80%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.48
Break-even Rent
$9,550

NOI (Annual)
$-6,062
Price-to-Rent

Lower = better for investors

23.2

* 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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