4057 1st Avenue
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4057 1st Avenue #107

C

San Diego, CA 92103

$850,000

Soft Appraisal Value: $834,600 · 1.8% above estimate

Beds

2

Baths

2.5

Sqft

1,617

Year Built

2004

Days on Market

65

Property Type

Condo

HOA/mo

$734

MLS ID

PTP2601693

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

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About This Property

Price Adjusted ~ It's your lucky day! You will own two (yes, TWO) gated and weather-protected parking spaces in Hillcrest near Scripps Mercy and UCSD Hospitals ~ and, less than one block from Bronx Pizza. What do you think you'll do with the savings when owning a fabulous condo and having the HOA fee pre-paid for 12 months? When you buy these parking spaces, my client will "include" this move-in-ready 1,617 sq.ft. condo. Imagine yourself thriving in the vibrant and diverse Hillcrest & Mission Hills neighborhoods when you own this generously sized and thoughtfully appointed home! Parking for two vehicles in the gated underground garage is a significant asset because, once home, you'll find yourself a stone's throw away from fabulous food, nightlife, entertainment, shopping, and outdoor living. Unit 107 is stunning with new flooring and interior paint, recessed lighting downstairs, and a private patio just off the huge kitchen. The soaring ceilings offer a sense of elegance and many areas to showcase your favorite art and collectibles. Wellington Square is lovingly and consistently maintained, as evidenced by its lush landscaping and personalized attention. Welcome HOME.

Mortgage Calculator

Est. Monthly Payment

$6,130

Principal & Interest$4,298
Property Tax$850
Insurance$248
HOA$734
%($170,000)
%

Location

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Investment Score

39C
Est. Monthly Rent
$4,931
Monthly Cashflow

Rent − PITIA

$-1,199
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,042

Mortgage (P+I)
$4,298
Cap Rate
1.77%
Cash-on-Cash
-21.47%
DSCR

Need ≥ 1.25 for DSCR loan

0.80
Break-even Rent
$8,881

NOI (Annual)
$15,078
Price-to-Rent

Lower = better for investors

14.4

* 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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