510 1st Ave

510 1st Ave

D

San Diego, CA 92101

$849,000
NEW — 0d on market

Beds

2

Baths

2

Sqft

1,209

Year Built

2001

Days on Market

0

Property Type

Condo

HOA/mo

$1,840

MLS ID

260005543SD

Description

Imagine the possibilities of owning an extra large outdoor living space in Downtown! This RARE large private terrace in the Marina District is ideal for outdoor dining, entertaining, people and pet lounging, gardening and more. This bright 2Bed, 2Bath home offers abundant natural light, and open-concept floor plan. Horizons is a premier downtown community known for its resort-style amenities and unbeatable walkable location- steps to Bay, Petco Park, Seaport Village, Little Italy, Rady Shell, dining, shopping, and entertainment. Included features- 24-hour security, concierge service, 17 guest parking spots, private storage locker, assigned parking and bike storage. Horizons offers luxury urban living with controlled access, on-site management, security, fitness center, pool/spa, game room, conference room, lounge areas, and a beautifully landscaped entry circle. HOA fees also cover common-area maintenance, exterior upkeep, security, building insurance, water, gas, trash, 17 guest spots (first come first serve). Exceptional proximity to grocery store, restaurants, bayfront paths, and transit.

Mortgage Calculator

Est. Monthly Payment

$7,230

Principal & Interest$4,293
Property Tax$849
Insurance$248
HOA$1,840
%($169,800)
%

Investment Score

0D
Est. Monthly Rent
$3,207
Monthly Cashflow

Rent − PITI − HOA

$-4,023
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,468

Mortgage (P+I)
$4,293
Cap Rate
-1.66%
Cash-on-Cash
-28.43%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.44
Break-even Rent
$7,230

NOI (Annual)
$-14,101
Price-to-Rent

Lower = better for investors

22.1

* 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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