700 E Street San Diego

700 E Street San Diego

D

, CA 92101

$1,099,000

Beds

2

Baths

2

Sqft

1,370

Year Built

2007

Days on Market

34

Property Type

Condo

HOA/mo

$1,778.6

MLS ID

260002081SD

Description

Don’t miss this fabulous northwest corner residence at Electra, well maintained for the discerning buyer! Showcasing Bay, Point Loma, and cityscape views from the many windows as well as the private balcony: the ideal place for trademark sunset evenings. The desirable split-bedroom layout is complemented by engineered cherry wood flooring, track lighting, and an ambient fireplace in the living room, creating a comfortable retreat above the city. Enjoy sit down meals in the dining area while the kitchen features granite countertops, stainless appliances, and recessed lighting, making it perfect for both everyday living and entertaining. The primary suite enjoys gorgeous views and an ensuite bath with dual vanity, step-in shower, and deep soaking tub. The second bedroom offers a built-in executive desk area and easily functions as a guest room, office, or flex space. Additional highlights include custom Elfa closet organization throughout, a generously sized utility/laundry room, extra storage space, and two parking spaces (tandem). Offering a fabulous location in the coveted Columbia District, you will love being only a short walk to Waterfront Park, Seaport Village, The Headquarters, vibrant Little Italy, and much more. Offering a fabulous location in the coveted Columbia District, you will love being only a short walk to Waterfront Park, Seaport Village, The Headquarters, and the brand-new Rady’s Shell at Jacobs Park, a unique live music venue and home of the San Diego Symphony! Also enjoy proximity to the future life science and biotechnology research development The Research and Development District (The RaDD) at the Embarcadero and the sustainable tech-focused Horton Plaza Redevelopment in the center of the city. Electra has the unique distinction of being built around the historical 1928 SDG&E Station B. Residents can take advantage of an array of services including a concierge, security, and guest parking spaces available by reservation through a simple mobile app. Unwind and relax in the steam room or sauna, resort-style pool and spa, fitness center, and Electra Park on the 5th floor surrounded by lush landscaping and a romantic outdoor fireplace and top-of-the-line barbecues.

Mortgage Calculator

Est. Monthly Payment

$8,755

Principal & Interest$5,557
Property Tax$1,099
Insurance$321
HOA$1,779
%($219,800)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$4,413
Monthly Cashflow

Rent − PITI − HOA

$-4,343
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,274

Mortgage (P+I)
$5,557
Cap Rate
-0.78%
Cash-on-Cash
-23.71%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.79
Break-even Rent
$8,756

NOI (Annual)
$-8,597
Price-to-Rent

Lower = better for investors

20.8

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

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