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3940 7th Ave
1 / 20

3940 7th Ave #215

D

San Diego, CA 92103

$1,039,000

Soft Appraisal Value: $1,013,700 · 2.5% above estimate

Beds

2

Baths

1

Sqft

1,526

Year Built

1997

Days on Market

41

Property Type

Condo

HOA/mo

$564

MLS ID

260006501SD

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

Virtual Tour

About This Property

PRICE IMPROVEMENT! Own a piece of San Diego history in the iconic Cable Building Lofts-originally a 1950s industrial structure that once served as a Pacific Bell telephone switching station & converted into residential lofts in 1998 as one of Southern California’s pioneering reuse projects. This recently renovated top-floor corner unit showcases true loft character with 12-foot ceilings, exposed red brick walls, stained concrete floors & expansive windows that flood the space with natural light. The modern kitchen features sleek cabinetry, stunning quartz countertops, a large island with seating for four & high-quality stainless steel appliances-perfect for both everyday living & entertaining. The open concept living area is spacious & inviting, while the private primary bedroom is fully enclosed with walls and a door for added comfort. While currently presenting as a one bedroom, a dedicated home office area offers oversized desk space with the flexibility to be converted into a second bedroom (approx. 11’x11’). Google Fiber (hi-speed internet) included in HOA fees! A cozy balcony w/ easterly exposure overlooks the vibrant community of Hillcrest. Additional highlights include two parking spaces—an exceptional find in Hillcrest—HOA-approved EV charger capability, a large private secured storage area & built-in storage cabinets conveniently located in front of the parking space. Ideally situated in the heart of Hillcrest, you’re just moments from shopping, dining, nightlife, major freeways, medical centers, downtown San Diego, and Balboa Park. CAN BE SOLD FULLY FURNISHED! Own a piece of San Diego history in the iconic Cable Building Lofts-originally a 1950s industrial structure that once served as a Pacific Bell telephone switching station & thoughtfully converted into residential lofts in 1998 as one of Southern California’s pioneering adaptive reuse projects. This recently renovated top-floor corner unit showcases true loft character with 12-foot ceilings, exposed red brick walls, stained concrete floors & expansive windows that flood the space with natural light. The modern kitchen features sleek cabinetry, stunning quartz countertops, a large island with seating for four & high-quality stainless steel appliances-perfect for both everyday living & entertaining. The open concept living area is spacious & inviting, while the private primary bedroom is fully enclosed with walls and a door for added comfort. While currently presenting as a one bedroom, a dedicated home office area offers oversized desk space with the flexibility to be converted into a second bedroom (approx. 11’x11’). Google Fiber (hi-speed internet) included in HOA fees! A cozy balcony w/ easterly exposure overlooks the vibrant community of Hillcrest. Additional highlights include two parking spaces—an exceptional find in Hillcrest—HOA-approved EV charger capability, a large private secured storage area & built-in storage cabinets conveniently located in front of the parking space. Ideally situated in the heart of Hillcrest, you’re just moments from shopping, dining, nightlife, major freeways, medical centers, downtown San Diego, and Balboa Park. Can be sold fully furnished!

Mortgage Calculator

Est. Monthly Payment

$7,160

Principal & Interest$5,254
Property Tax$1,039
Insurance$303
HOA$564
%($207,800)
%

Location

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Investment Score

3D
Est. Monthly Rent
$3,885
Monthly Cashflow

Rent − PITIA

$-3,275
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,034

Mortgage (P+I)
$5,254
Cap Rate
0.25%
Cash-on-Cash
-29.07%
DSCR

Need ≥ 1.25 for DSCR loan

0.54
Break-even Rent
$10,423

NOI (Annual)
$2,635
Price-to-Rent

Lower = better for investors

22.3

* 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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