6028 Gaines St

6028 Gaines St

D

San Diego, CA 92110

$749,000

Soft Appraisal Value: $729,600 · 2.7% above estimate

Beds

2

Baths

2

Sqft

1,058

Year Built

1980

Days on Market

185

Property Type

Condo

HOA/mo

$585

MLS ID

250039915SD

Description

Welcome to this rarely available condo in the coveted Park Place community on Gaines Street. This home features vaulted cathedral ceilings, laminate flooring, granite countertops, a cozy fireplace, and a large private balcony perfect for morning coffee or evening sunsets. An attached single car garage and an additional parking space provide convenience and peace of mind. Ideally located just minutes from Fashion Valley Mall, and a short stroll to the Fashion Valley Transit Center, you’ll enjoy effortless access to the trolley and nearby dining and shopping. Local favorites such as J&T Thai Street Food, Pho Kitchen, Giovanni’s Italian, and Mr Peabody’s are just around the corner, with even more options in nearby Old Town and Moreno neighborhoods. Outdoor enthusiasts will appreciate close proximity to Tecolote Canyon Natural Park and Mission Bay, offering trails, water activities, and open green space. This home offers the perfect balance of comfort, convenience, and lifestyle in a community where opportunities rarely come available.

Mortgage Calculator

Est. Monthly Payment

$5,340

Principal & Interest$3,787
Property Tax$749
Insurance$218
HOA$585
%($149,800)
%

Investment Score

2D
Est. Monthly Rent
$3,445
Monthly Cashflow

Rent − PITI − HOA

$-1,894
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,311

Mortgage (P+I)
$3,787
Cap Rate
0.76%
Cash-on-Cash
-26.52%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.65
Break-even Rent
$7,745

NOI (Annual)
$5,718
Price-to-Rent

Lower = better for investors

18.1

* 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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