500 W Harbor Drive 1108

500 W Harbor Drive 1108

C

San Diego, CA 92101

$1,100,000

Beds

2

Baths

2

Sqft

1,046

Year Built

1994

Days on Market

Property Type

Condo

HOA/mo

$1,185

MLS ID

NDP2606729

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

About This Property

Welcome to City Front Terrace, downtown’s premier resort-style community. Bathed in warmth and coastal light, this home with spectacular views of the San Diego Bay and beyond is a work of art in every dimension. Beautifully remodeled in 2021, this offering is an ideal blend of modern finishes and an exceptional location. Featuring two spacious primary suites positioned on opposite sides of the home, this thoughtfully designed floor plan provides flexibility, privacy, and views from every room as well as a private balcony. Featuring in-unit laundry and an assigned parking space in the secure underground garage, its location and energy are unparalleled. Built in 1991 and completed in 1993, CityFront Terrace was integrated with the historic Citrus Soap Factory and became one of the largest brick buildings on the West Coast.  Residents enjoy beautifully maintained grounds and resort-style amenities, including a 24-hour front desk, valet parking, libraries, heated lap and recreational swimming pools and spa, sauna, fitness center, Citrus Room, BBQ grills, fire pits, bike storage room, EV charging capability, and more. The Citrus Room, gleaning its name from the Citrus Soap Factory, is a 1600 sf entertainment center with a full kitchen, bar, and 75-inch HDTV with surround sound. Conveniently located in the heart of San Diego, this home lives like a staycation year-round. Walk to fabulous restaurants, shop in Seaport Village, and take the ferry to Coronado~ all are within proximity for your lifestyle. Freeway close and conveniently located near public transportation and the San Diego Airport. Move-in ready and thoughtfully updated, this home offers an exceptional opportunity to enjoy everything San Diego has to offer. Welcome Home!

Mortgage Calculator

Est. Monthly Payment

$8,168

Principal & Interest$5,562
Property Tax$1,100
Insurance$321
HOA$1,185
%($220,000)
%

Investment Score

0D
Est. Monthly Rent
$4,250
Monthly Cashflow

Rent − PITIA

$-3,918
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,812

Mortgage (P+I)
$5,562
Cap Rate
-0.27%
Cash-on-Cash
-31.70%
DSCR

Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$11,799

NOI (Annual)
$-3,002
Price-to-Rent

Lower = better for investors

21.6

* 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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