3940 7th Ave
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3940 7th Ave #118

C

San Diego, CA 92103

$649,000
NEW — 2d

Beds

Baths

1

Sqft

916

Year Built

1997

Days on Market

2

Property Type

Condo

HOA/mo

$529

MLS ID

260009843SD

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

About This Property

OPEN HOUSE - SUNDAY 4/26 11 AM TO 2 PM. Welcome to the Cable Lofts, one of San Diego’s first loft conversions, in the bustling heart of Hillcrest. This studio loft, with its large private patio, generous storage unit, and close reserved parking—whether it be for every day, or as an urban weekend retreat—is the perfect place to center your activities in San Diego. A common area park with trees and grass is perfect for gatherings, or a respite spot for your puppy! Park your car and walk to Whole Foods Market across the street, and a host of other retail stores, restaurants and nightclubs. Balboa Park, with its museums and theaters is only one-mile away. From the minute you walk through the front gate into the spacious entrance patio, with its lush garden of towering fishtail palms and ferns, you will recognize this as your sanctuary. The interior of the loft is filled with all of the amenities you require to make your life easier, from the perfect sized kitchen, stackable washer and dryer closet, and a large tub to soak away the day. A common area park with trees and grass is perfect for gatherings, or a respite spot for your puppy! Park directly across from the entry to your home, log into the community provided WiFi, or sit inside or out with a good book. 3940 7th Ave, Unit 118, will be the home you remember as that special place on earth for decades to come.

Mortgage Calculator

Est. Monthly Payment

$4,649

Principal & Interest$3,282
Property Tax$649
Insurance$189
HOA$529
%($129,800)
%

Location

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Investment Score

43C
Est. Monthly Rent
$3,570
Monthly Cashflow

Rent − PITIA

$-1,079
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,441

Mortgage (P+I)
$3,282
Cap Rate
1.56%
Cash-on-Cash
-22.56%
DSCR

Need ≥ 1.25 for DSCR loan

0.77
Break-even Rent
$6,740

NOI (Annual)
$10,093
Price-to-Rent

Lower = better for investors

15.1

* 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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