3940 7th Ave
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3940 7th Ave #CS2 (117)

D

San Diego, CA 92103

$949,000
NEW — 2d

Soft Appraisal Value: $969,200 · 2.1% below estimate

Beds

1

Baths

1.5

Sqft

1,508

Year Built

1997

Days on Market

2

Property Type

Condo

HOA/mo

$564

MLS ID

260009926SD

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

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About This Property

A rare opportunity to own a commercially zoned condo/loft in the heart of Hillcrest. Be prepared to be wowed. This unit is over 1500 square feet and is priced well below other units in the complex of similar size. This is a true loft with exposed concrete, glass sliding partitions, a European-style kitchen and lots of open spaces to both live and work. (if so desired!) A street front gated entry patio is perfect to enjoy coffee in the morning, meet with customers and friends outdoors along with enjoying that glass of wine at night. Being zoned commercial, you are also allowed to install signage outside for that business you have been dreaming about. The layout is not only unique, but functional for those many aspects of your life that go beyond the mundane that exists in every other condo in the city! This commercially zoned condo is perfect for both living the best life in the heart of Hillcrest, while also being able to operate (if desired) a business with easy access for your customers. Perfect for either an artistic endeavor, or one the requires tranquility to think and plan. Located just outside the main gate of one of San Diego's first true loft conversions, (The Cable Lofts) this unit is steps away from Whole Foods and all of the fun, gyms and restaurants that Hillcrest offers. Given its zoning, it is only one of two similar commercial units in the building that rarely come on the market.

Mortgage Calculator

Est. Monthly Payment

$6,588

Principal & Interest$4,799
Property Tax$949
Insurance$277
HOA$564
%($189,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$2,268
Monthly Cashflow

Rent − PITIA

$-4,321
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,633

Mortgage (P+I)
$4,799
Cap Rate
-1.06%
Cash-on-Cash
-35.62%
DSCR

Need ≥ 1.25 for DSCR loan

0.34
Break-even Rent
$9,584

NOI (Annual)
$-10,014
Price-to-Rent

Lower = better for investors

34.9

* 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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