3535 1st Ave
1 / 20

3535 1st Ave #5A

C

San Diego, CA 92103

$829,950
NEW — 2d

Beds

2

Baths

2

Sqft

1,470

Year Built

1973

Days on Market

2

Property Type

Condo

HOA/mo

$1,525

MLS ID

260016484SD

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

About This Property

Welcome to Century Plaza Towers — one of San Diego's most iconic mid-century modern residences, ideally situated in prestigious Bankers Hill with easy access to Balboa Park, Little Italy, and the best of Hillcrest dining and shopping. This spacious upper-floor condo offers sweeping city and treetop views from nearly every room, thanks to floor-to-ceiling glass windows that flood the open living space with natural light. Step out onto your private balcony and soak in San Diego's skyline and year-round sunshine. The kitchen features warm wood cabinetry, dark granite countertops, and stainless steel appliances, flowing seamlessly into a glass-wrapped dining area with panoramic views. Both bedrooms are generously sized, with large sliding windows framing gorgeous city vistas. A private in-unit laundry room adds everyday convenience, while a built-in wet bar with wine cooler brings a refined touch to entertaining. A rare bonus for buyers: this residence qualifies for the Mills Act, San Diego's historic preservation program that significantly reduces property taxes for owners of qualifying historic homes a valuable, money-saving benefit that's increasingly hard to find in San Diego's condo market. With a beautifully appointed lobby, secure entry, and an unbeatable location just minutes from Balboa Park, the San Diego Zoo, and major freeways, this is urban San Diego living and smart ownership at its finest.

Mortgage Calculator

Est. Monthly Payment

$6,794

Principal & Interest$4,197
Property Tax$830
Insurance$242
HOA$1,525
%($165,990)
%

Location

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Investment Score

2D
Est. Monthly Rent
$3,542
Monthly Cashflow

Rent − PITIA

$-3,252
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,758

Mortgage (P+I)
$4,197
Cap Rate
-0.81%
Cash-on-Cash
-34.40%
DSCR

Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$9,721

NOI (Annual)
$-6,735
Price-to-Rent

Lower = better for investors

19.5

* 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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