510 1st Ave
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510 1st Ave #1101

D

San Diego, CA 92101

$699,000

Soft Appraisal Value: $674,000 · 3.7% above estimate

Beds

1

Baths

2

Sqft

1,036

Year Built

2002

Days on Market

45

Property Type

Condo

HOA/mo

$1,809

MLS ID

260008113SD

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

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About This Property

Spacious & bright corner unit with incredible panoramic views of downtown from every window! Located in the heart of the Marina District, this chic condo boasts floor-to-ceiling windows, a well-designed layout to include a versatile den with access to the balcony, perfect for a home office, fitness area, or a creative studio. The stone-surround gas fireplace sets the mood for romance while the open kitchen boasts stainless steel appliances, crisp white cabinetry, and granite counters. The primary bedroom features a large walk-in closet, blackout shades, access to the patio, and an ensuite bath with a shower/tub combo and plenty of cabinet storage. Additional features include a second bathroom with a walk-in shower and an in-unit laundry closet large enough to accommodate a full-sized washer and dryer! Upgrades include premium light fixtures, ceiling fans, blackout blinds, new modern doors and fresh paint throughout. Enjoy beautiful sunset views of Downtown from your large private patio. Horizon residents enjoy year-round socials for the entire community. Resident amenities include a gym, pool, spa, conference room, lounge, remodeled lobbies and some common areas, storage unit, EV chargers, guest parking, and 24-hour gated security. Ideally situated just steps to The Rady Shell and Seaport Village, adjacent to an off-leash dog park, with a short stroll to a Padres games and concerts at Petco Park. You’re also moments to Little Italy, the Gaslamp Quarter and San Diego’s incredible calendar of events. *** Horizon residents enjoy year-round socials for the entire community. Resident amenities include a gym, pool, spa, conference room, lounge, remodeled lobbies and some common areas, storage unit, EV chargers, guest parking, and 24-hour gated security. Ideally situated just steps to The Rady Shell and Seaport Village, adjacent to an off-leash dog park, with a short stroll to a Padres games and concerts at Petco Park. You’re also moments to Little Italy, the Gaslamp Quarter and San Diego’s incredible calendar of events.

Mortgage Calculator

Est. Monthly Payment

$6,246

Principal & Interest$3,535
Property Tax$699
Insurance$204
HOA$1,809
%($139,800)
%

Location

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Investment Score

10D
Est. Monthly Rent
$3,716
Monthly Cashflow

Rent − PITIA

$-2,531
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,968

Mortgage (P+I)
$3,535
Cap Rate
-0.74%
Cash-on-Cash
-34.06%
DSCR

Need ≥ 1.25 for DSCR loan

0.59
Break-even Rent
$8,869

NOI (Annual)
$-5,198
Price-to-Rent

Lower = better for investors

15.7

* 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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