720 W Montecito Way
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720 W Montecito Way

C

San Diego, CA 92103

$2,400,000

Beds

2

Baths

2

Sqft

2,730

Year Built

1974

Days on Market

90

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008349SD

This property is in San Diego (92103). View neighborhood stats →

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About This Property

The cedar shingle siding of the Malcolm Nichols Residence, by architect Robert Bowlus, connects California's late 20th-century modernism (as popularized by Sunset Magazine) to longstanding Cape Cod style. Recently featured in Dwell, the property encompasses 6-contiguous parcels totaling 15,000 sq ft adjacent to canyon open space. The property offers significant development opportunities beyond just updating and enjoying the property in its current format. Situated in a perfect Mission Hills location, walking distance to a number of restaurants (Fort Oak, La Puerta, Farmer's Bottega, etc.), coffee shops, and grocery stores..

Mortgage Calculator

Est. Monthly Payment

$15,236

Principal & Interest$12,136
Property Tax$2,400
Insurance$700
%($480,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$4,410
Monthly Cashflow

Rent − PITIA

$-10,826
Full Cashflow

Incl. vacancy, PM, maint, capex

$-13,840

Mortgage (P+I)
$12,136
Cap Rate
-0.85%
Cash-on-Cash
-34.60%
DSCR

Need ≥ 1.25 for DSCR loan

0.29
Break-even Rent
$22,384

NOI (Annual)
$-20,452
Price-to-Rent

Lower = better for investors

45.4

* 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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