6821 Alvarado Road
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6821 Alvarado Road #2

D

San Diego, CA 92120

$429,000

Soft Appraisal Value: $439,700 · 2.4% below estimate

Beds

2

Baths

1.5

Sqft

1,120

Year Built

1970

Days on Market

49

Property Type

Condo

HOA/mo

$525

MLS ID

260004623SD

This property is in San Diego (92120). View neighborhood stats →

Virtual Tour

About This Property

Two-story condo that lives like a townhome, offering 2 bedrooms and 1.5 baths in a centrally located community near SDSU, major medical facilities, shopping, public transit, and freeway access. The entry-level main floor features an open living and dining area with wood-look tile flooring, recessed lighting, accent walls, a gas-starter fireplace with built-in cabinetry, and central A/C. The layout flows comfortably for everyday living, with a functional kitchen offering ample cabinetry, an adjacent dining space, and a refrigerator that conveys. A convenient half bath is located downstairs for guests, along with additional under-stair storage. Upstairs, both bedrooms are generously sized and share a centrally located hallway bathroom. The layout features a vanity area positioned just outside the tub/shower and toilet area. Enjoy a private patio with easy access to the community pool, spa, grill area, and community laundry room, along with a front greenbelt area maintained by the HOA. The unit offers entry-level access and includes two assigned tandem parking spaces (#183) located just a short walk away, without the need to navigate interior corridors or buildings. Legally a condominium; layout and exterior access give a townhome-style feel. Entry-level unit with exterior access—no interior corridors. Two assigned tandem parking spaces located a short walk from the unit. Pre-home inspection and clear termite report were completed in September and are available for agent review. Solar panels installed; buyer to independently verify system details and terms. Interior living spaces are notably quiet despite proximity to major freeways. Refrigerator conveys. HOA covers water, trash, sewer, exterior building maintenance, and common area landscaping. Community amenities include pool, spa, grill area, greenbelt areas, and community laundry. Convenient location near SDSU, medical facilities, public transit, and major commuter routes.

Mortgage Calculator

Est. Monthly Payment

$3,248

Principal & Interest$2,169
Property Tax$429
Insurance$125
HOA$525
%($85,800)
%

Location

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Investment Score

2D
Est. Monthly Rent
$2,235
Monthly Cashflow

Rent − PITIA

$-1,013
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,885

Mortgage (P+I)
$2,169
Cap Rate
0.80%
Cash-on-Cash
-26.36%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$4,683

NOI (Annual)
$3,413
Price-to-Rent

Lower = better for investors

16.0

* 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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