700 Front St

700 Front St

C

San Diego, CA 92101

$1,350,000

Soft Appraisal Value: $827,000 · 63.2% above estimate

Beds

1

Baths

1.5

Sqft

1,380

Year Built

1985

Days on Market

40

Property Type

Condo

HOA/mo

$1,962

MLS ID

260004047SD

This property is in San Diego (92101). View neighborhood stats →

Virtual Tour

About This Property

Welcome to MERIDIAN Condominiums 1004...Imagine a life where luxury is a lifestyle beyond expectations, convenience, elegant service and style. Stunning panoramic views of the exciting city, sparkling active bay and Pacific Ocean sweeping from Mexico to Point Loma can be enjoyed all year round. Completely remodeled in recent years by master craftsmen and expertly designed by noted interior designer Gretchen Kennelly, classic sophistication reigns in this beautifully crafted, inviting home. High-end designer finishes and top-of-the-line Thermador and SubZero appliances, Rohl, Hansgrohe, American Standard, and more complement the exceptional custom built-in storage and detailed features. Experience the refreshing breezes with wide-opening sliding doors and seamless access to the viewing balcony. Wrap-around windows in the primary bedroom frame the exceptional views with rejuvenating breezes. Don't miss this rarefied opportunity. Complete with designer furnishings. MERIDIAN CONDOMINIUMS, a landmark residential community deliberately conceived and impeccably crafted, remains without peer. Incomparable services are offered by an attentive staff consisting of 24 hour Parking Attendants for Residents and their Guests, Door Person, Porter, Concierge and more. A completely separate service entry with loading dock and service elevator is staffed with Porters to accept packages, deliveries and tradespeople. For your convenience, groceries, packages, dry cleaning, luggage and more can be delivered to your door! Impeccably maintained, pride of ownership abounds. Whether you are entertaining on a grand scale or merely relaxing by the sparkling pool, MERIDIAN’s accommodations are sure to exceed your expectations. Greeted by a sophisticated private art gallery, the plaza level boasts limitless accommodations to guests and residents alike. The MERIDIAN Room, designed with a catering kitchen, bar, cloakroom, and restrooms offers an elegant entertaining environment for both large-scale and intimate parties. Elegant formal gardens, a grove of citrus trees, an outdoor spa, and an adjoining fire pit complement the inviting pool and lounging/sunning areas on the unique 2/3 of an acre outdoor plaza elevated above the cityscape. Other features adding to the convenience and comfort at MERIDIAN include two resort-caliber spa and fitness facilities, five lovely Guest Suites to welcome visiting friends and family, and a Conference Room ideal for business meetings and presentations or small-scale entertaining. At the foot of MERIDIAN lies MERIDIAN PLACE, offering a myriad of fine retailers to conveniently complete the needs of your lifestyle. Salon and spa services, cosmetic dentistry, dry cleaning, fine dining, and much more are literally an elevator ride away. Take advantage of MERIDIAN’s premier downtown location and explore the countless restaurants, cultural attractions, and miles of scenic pathways. Enjoy a lifestyle that is without parallel . . .enjoy MERIDIAN living!

Mortgage Calculator

Est. Monthly Payment

$10,532

Principal & Interest$6,826
Property Tax$1,350
Insurance$394
HOA$1,962
%($270,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$2,850
Monthly Cashflow

Rent − PITIA

$-7,682
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,463

Mortgage (P+I)
$6,826
Cap Rate
-2.34%
Cash-on-Cash
-42.06%
DSCR

Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$15,139

NOI (Annual)
$-31,638
Price-to-Rent

Lower = better for investors

39.5

* 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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