3940 7th Ave

3940 7th Ave #215

D

San Diego, CA 92103

$1,050,000
NEW — 3d on market

Soft Appraisal Value: $896,700 · 17.1% above estimate

Beds

1

Baths

1

Sqft

1,526

Year Built

1997

Days on Market

3

Property Type

Condo

HOA/mo

$564

MLS ID

260006501SD

Description

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, and 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, and 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 and inviting, while the private primary bedroom is fully enclosed with walls and a door for added comfort. A dedicated home office area offers oversized desk space and the flexibility to be converted into a second bedroom with the addition of a partition or permanent walls. 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. This is urban loft living at its finest-where historic charm meets modern convenience. 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, and 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, and 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 and inviting, while the private primary bedroom is fully enclosed with walls and a door for added comfort. A dedicated home office area offers oversized desk space and the flexibility to be converted into a second bedroom with the addition of a partition or permanent walls. 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. This is urban loft living at its finest-where historic charm meets modern convenience.

Mortgage Calculator

Est. Monthly Payment

$7,230

Principal & Interest$5,309
Property Tax$1,050
Insurance$306
HOA$564
%($210,000)
%

Investment Score

0D
Est. Monthly Rent
$3,626
Monthly Cashflow

Rent − PITIA

$-3,603
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,312

Mortgage (P+I)
$5,309
Cap Rate
-0.00%
Cash-on-Cash
-30.36%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.50
Break-even Rent
$10,525

NOI (Annual)
$-36
Price-to-Rent

Lower = better for investors

24.1

* 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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