500 Harbor
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500 Harbor #1601

D

San Diego, CA 92101

$1,600,000
NEW — 1d

Beds

2

Baths

2

Sqft

1,492

Year Built

1994

Days on Market

1

Property Type

Condo

HOA/mo

$1,286

MLS ID

260006983SD

This property is in San Diego (92101). View neighborhood stats →

About This Property

Built in 1921, the Citrus / Pacific Soap Factory Building was designed by local San Diego architect William Wheeler. In 1993, architect Milford Wayne Donaldson completed CityFront Terrace. His design integrated a contemporary brick condominium building with the historic Citrus Soap Factory, making it one of the largest brick buildings on the West Coast. This loft residence is in the original, historically designated Soap Factory building, and is part of the Mills Act (which offers property tax incentives for historic preservation). The home features vaulted ceilings, hardwood flooring with original wood beams and brick accents throughout, an open kitchen with premium brand appliances and a reading nook in the second bedroom. Functional built-ins provide storage and working / desk space off the living room. The primary bedroom offers a spacious walk-in closet and a large bathroom with a separate bath & shower. The living room and both bedrooms have west-facing floor-to-ceiling iron-pane windows overlooking a lushly landscaped courtyard, known as the Urban Canyon, which hosts mature trees, vibrant greenery, and an artistic 90-foot water feature... The amenities at CityFront Terrace are resort-level, and the Soap Factory residences have the benefit of having everything right downstairs. From the jacuzzi and bbqs overlooking the 75-foot lap pool, to the entertaining suite with a full kitchen and bar for events and parties, a 3,500+ square foot fitness area with strength and cardio equipment, showers, saunas, and a workout studio, all of which share the historic aesthetic of the residences above. On the opposite side of the property, you will find an additional relaxing swimming pool and sundeck that lead out to a promenade with perfectly maintained landscaping. Additional conveniences include 2 assigned parking spaces with valet options, bike rooms, secure package and mail handling, and a 24-hour attended lobby with concierge services. You are just a few minutes' walk to San Diego Bay, Seaport Village, Pantoja Park, the Children's Museum and a number of restaurants and cafes, including Puesto, The Lion's Share, and Brickyard Coffee & Tea...

Mortgage Calculator

Est. Monthly Payment

$11,443

Principal & Interest$8,090
Property Tax$1,600
Insurance$467
HOA$1,286
%($320,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,571
Monthly Cashflow

Rent − PITIA

$-7,872
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,027

Mortgage (P+I)
$8,090
Cap Rate
-1.45%
Cash-on-Cash
-37.60%
DSCR

Need ≥ 1.25 for DSCR loan

0.31
Break-even Rent
$16,593

NOI (Annual)
$-23,240
Price-to-Rent

Lower = better for investors

37.3

* 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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