510 1st Ave
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510 1st Ave #1101

D

San Diego, CA 92101

$699,000
NEW — 0d on market

Soft Appraisal Value: $680,500 · 2.7% above estimate

Beds

1

Baths

2

Sqft

1,036

Year Built

2002

Days on Market

0

Property Type

Condo

HOA/mo

N/A

MLS ID

260008113SD

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

About This Property

Spacious & bright corner unit with incredible panoramic views of downtown San Diego from every window! Located in the heart of the marina district, this chic condo in Horizon South has been updated with travertine flooring, a stone-surround gas fireplace, premium light fixtures, ceiling fans, and new modern doors and hardware. The well-designed layout includes a versatile den, perfect for a home office, fitness area, or creative studio, offering flexible space to fit your lifestyle. The 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! Enjoy beautiful sunset views of Downtown from your spacious, private patio. Resident amenities include a gym, pool, spa, conference room, lounge, updated lobby area, storage unit, EV chargers, guest parking, and 24-hour gated security. Horizon residents enjoy year-round socials for the entire community. Ideally situated just steps to The Rady Shell and adjacent to a dog park, with easy access to Padres games at Petco Park and year-round concerts without the hassle of downtown parking. You’re also moments from Seaport Village, the Gaslamp Quarter, Little Italy, and San Diego’s incredible calendar of events.

Mortgage Calculator

Est. Monthly Payment

$4,437

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

Location

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Investment Score

8D
Est. Monthly Rent
$3,714
Monthly Cashflow

Rent − PITIA

$-724
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,160

Mortgage (P+I)
$3,535
Cap Rate
2.36%
Cash-on-Cash
-18.54%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.84
Break-even Rent
$6,520

NOI (Annual)
$16,491
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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