700 E St San Diego

700 E St San Diego

D

, CA 92101

$1,198,000

Beds

2

Baths

2

Sqft

1,468

Year Built

2007

Days on Market

11

Property Type

Condo

HOA/mo

$1,799.57

MLS ID

260004185SD

View on MLS

Description

Fabulous residence on 15th floor w/ 2 bedrooms featuring private balconies, 2 full bathrooms, wrap-around windows w views of Harbor & City Lights. Property offered FULLY FURNISHED. Includes 2 Side-by-Side parking spaces. Interior finishes are stunning w/ granite counter tops, stone floors & gleaming stainless appliances. Amenities include pool, spa, fitness center, steam room, sauna, spectacular community room w/ 60' ceiling, BBQ area, concierge service, 24 hr. security & is located steps to the waterfront! Stunning ELECTRA residence sited on the Northeast corner of the 15th floor is one of the finest homes available for Downtown San Diego. Panoramic views of Ocean, City & Harbor made possible w/ all the Floor-to-ceiling windows! Electra by Bosa Development has created a landmark & set a new standard for luxury living in Southern California. This iconic building will be treasured for generations w/ historic detailing preserved by Bosa to create a world class residential tower. Be amazed at the transformation of historical 1928 SDG&E 'Station B' into an unrivaled living experience. Upon entering you will be engaged by the grand porte-cochere & Electra's stunning lobby. Incredible millwork and stone detailing reserved for only the finest boutique hotels around. The intricate glass dome is the crowning glory of the 7-story 'Conservatory', perfect for stargazing. Hand wrapped books complete the luxury decor of the stunning library. Enjoy soft music from the grand piano, sophisticated furnishings, art, and the stunning Art Deco detail of the early 20th century columns and arches, painstakingly restored by Bosa's craftsman. Electra is much more than San Diego's tallest residential building, it is inclusive of beautiful pool, spa, fitness, steam room, sauna, spectacular community room with 60' ceiling, BBQ area, concierge service, 24 hr. security and is located steps to the waterfront!

Mortgage Calculator

Est. Monthly Payment

$9,405

Principal & Interest$6,058
Property Tax$1,198
Insurance$349
HOA$1,800
%($239,600)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$4,413
Monthly Cashflow

Rent − PITI − HOA

$-4,991
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,005

Mortgage (P+I)
$6,058
Cap Rate
-0.95%
Cash-on-Cash
-25.00%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.73
Break-even Rent
$9,404

NOI (Annual)
$-11,363
Price-to-Rent

Lower = better for investors

22.6

* Defaults: 20% down, 6.5% rate, 30yr.

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