702 Ash Street
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702 Ash Street #702

D

San Diego, CA 92101

$345,000
NEW — 0d

Beds

1

Baths

1

Sqft

498

Year Built

1929

Days on Market

0

Property Type

Condo

HOA/mo

$1,249

MLS ID

PTP2603442

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

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About This Property

Perched high on El Cortez hill with sweeping views of the mountains and Balboa Park Tower, this condo is bright and inviting with historic character. High Ceilings with soaring windows are highlighted in this open floorplan. Remodeled and ready for move in! The deep custom closet is a true clothing sanctuary. Built in 1927, the El Cortez offers an amazing blend of old and new and this condo is under the MILLS ACT which offers potential property tax savings! Residents can enjoy the second floor terrace with BBQ, lounge areas, pool and a fully equipped fitness center, bike storage, EV Charging Station and underground parking. A common laundry is available on this floor. Conv, Cash, VA and Lease Option Terms will be considered. Lowest priced 1 BR on El Cortez Hill! See it before it's gone!

Mortgage Calculator

Est. Monthly Payment

$3,439

Principal & Interest$1,745
Property Tax$345
Insurance$101
HOA$1,249
%($69,000)
%

Location

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Investment Score

29D
Est. Monthly Rent
$2,112
Monthly Cashflow

Rent − PITIA

$-1,328
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,101

Mortgage (P+I)
$1,745
Cap Rate
-1.24%
Cash-on-Cash
-36.54%
DSCR

Need ≥ 1.25 for DSCR loan

0.61
Break-even Rent
$4,840

NOI (Annual)
$-4,275
Price-to-Rent

Lower = better for investors

13.6

* 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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