510 1st Ave

510 1st Ave #402

D

San Diego, CA 92101

$1,999,999
NEW — 3d on market

Beds

4

Baths

4

Sqft

2,561

Year Built

2002

Days on Market

3

Property Type

Condo

HOA/mo

$3,224

MLS ID

PTP2602454

Description

Rare opportunity to own a truly unique 4-bedroom, 4-bathroom residence in the heart of Downtown San Diego, just steps from the marina. This exceptional home is the result of two units seamlessly combined, offering unmatched flexibility, space, and versatility rarely found in urban living. Designed for both comfort and functionality, the layout allows for multi-generational living, guest accommodations, all within one expansive residence. Whether you’re looking for a spacious primary home, a hybrid live opportunity, or a private retreat with room to entertain, this property delivers. Enjoy the best of coastal downtown living with close proximity to the marina, waterfront dining, shopping, and vibrant city life, all while having the space and privacy typically reserved for single-family homes. Residents enjoy resort style amenities, creating a true luxury living experience, along with the peace of mind of a 24-hour guard and secure building access. This combination of lifestyle and security is highly sought after in downtown San Diego luxury real estate. Opportunities like this are extremely limited schedule your private showing today.

Mortgage Calculator

Est. Monthly Payment

$15,920

Principal & Interest$10,113
Property Tax$2,000
Insurance$583
HOA$3,224
%($400,000)
%

Investment Score

0D
Est. Monthly Rent
$7,412
Monthly Cashflow

Rent − PITIA

$-8,508
Full Cashflow

Incl. vacancy, PM, maint, capex

$-11,880

Mortgage (P+I)
$10,113
Cap Rate
-1.06%
Cash-on-Cash
-35.64%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.47
Break-even Rent
$22,840

NOI (Annual)
$-21,197
Price-to-Rent

Lower = better for investors

22.5

* 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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