510 1st Ave
1 / 20

510 1st Ave #805

C

San Diego, CA 92101

$828,000

Soft Appraisal Value: $806,100 · 2.7% above estimate

Beds

2

Baths

2

Sqft

1,245

Year Built

2002

Days on Market

10

Property Type

Condo

HOA/mo

$1,828

MLS ID

260014819SD

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

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About This Property

Marina District Residence Stunning northwest corner residence in the sought-after South Tower of Horizons. This 2-bedroom, 2-bath home features floor-to-ceiling windows, fresh paint, premium flooring, fireplace, and two private balconies with panoramic views of the bay and city skyline. The kitchen offers granite countertops and newer stainless steel appliances, plus two parking spaces and private storage. Ideally located in the heart of the Marina District, Horizons offers an unbeatable downtown lifestyle just steps from the New Children’s Museum, Martin Luther King Jr. Promenade, Seaport Village, Petco Park, the Gaslamp Quarter, San Diego Bay, and the Marina. A children’s park and dog park are located directly behind the community. Resort-style amenities include a pool, spa, BBQ area, fitness center, concierge, security, billiard room, conference and club rooms, and 16 guest parking spaces. Everyday convenience is built in with retailers just an elevator ride away, including a bank, dry cleaner, Postal Annex, coffee shop, and more. The building has been refreshed with beautifully remodeled lobbies, upgraded hallways, and new unit doors with keypad access, all within walking distance to transit, dining, shopping, and Ralphs Signature Market.

Mortgage Calculator

Est. Monthly Payment

$7,084

Principal & Interest$4,187
Property Tax$828
Insurance$241
HOA$1,828
%($165,600)
%

Location

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Investment Score

7D
Est. Monthly Rent
$4,453
Monthly Cashflow

Rent − PITIA

$-2,631
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,345

Mortgage (P+I)
$4,187
Cap Rate
-0.23%
Cash-on-Cash
-31.49%
DSCR

Need ≥ 1.25 for DSCR loan

0.63
Break-even Rent
$10,096

NOI (Annual)
$-1,898
Price-to-Rent

Lower = better for investors

15.5

* 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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