3940 7th Ave
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3940 7th Ave #112

D

San Diego, CA 92103

$1,195,000
NEW — 1d on market

Soft Appraisal Value: $1,161,700 · 2.9% above estimate

Beds

2

Baths

2.5

Sqft

1,813

Year Built

1997

Days on Market

1

Property Type

Condo

HOA/mo

$601

MLS ID

260009028SD

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

About This Property

Welcome to your urban oasis in the heart of Hillcrest! This contemporary loft-style condo offers a perfect blend of sophistication, flexibility, comfort and unbeatable convenience—a block from Whole Foods and downtown Hillcrest, also just minutes from the freeway and 4 miles to San Diego International Airport. This unique residence is currently a one-bedroom with the option to convert to a two-bedroom, giving you the freedom to customize the space to fit your needs. Spanning two levels, the open-concept design showcases soaring ceilings, exposed brick and concrete, and expansive windows that fill the home with natural light. The main level features a spacious living room, dining area, a well-appointed kitchen, a half bathroom and a private balcony. Upstairs enhancements include electric window shades and a motorized retractable patio awning for added comfort and convenience. A spiral staircase leads to the lower level which includes a large bedroom with ensuite, that can be converted to two separate bedrooms, each with patio access, if desired. This level includes another full bathroom, a dedicated laundry room, and bonus space perfect for a home office, library or fitness area. Two sets of French doors open to a large private patio that flows seamlessly to the community’s lush greenbelt—creating an indoor-outdoor living experience that’s rare for urban living. The downstairs windows and doors also feature electric window shades. The HOA dues include exterior building and common area maintenance, insurance, trash and recycling, water and sewer and fiber optic internet. Located in the iconic Cable Building—a former Pacific Bell telephone switching station—this gated and secure community blends historic charm with modern luxury and features both designated underground parking with electric car charger and an additional exterior reserved parking spot. Experience the character, versatility and lifestyle this one-of-a-kind home has to offer.

Mortgage Calculator

Est. Monthly Payment

$8,187

Principal & Interest$6,043
Property Tax$1,195
Insurance$349
HOA$601
%($239,000)
%

Location

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Investment Score

2D
Est. Monthly Rent
$5,146
Monthly Cashflow

Rent − PITIA

$-3,042
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,221

Mortgage (P+I)
$6,043
Cap Rate
0.83%
Cash-on-Cash
-26.21%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.63
Break-even Rent
$11,926

NOI (Annual)
$9,859
Price-to-Rent

Lower = better for investors

19.4

* 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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