Listing photoSan Diego, CA 92105 · MLS SW26201789
"Sold strictly as-is."
1605 Pentecost #8 is a 2-bedroom, 1-bath home in San Diego, California listed at $325,000 with 813 square feet, built in 1980. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with at least one completed project puts 10% down ($32,500), we fund the $36,585 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. A California buyer can also close in 3 days with 35% down and no appraisal. See every hard money opportunity in California or our California hard money lending page.
From the listing. Centrally located 2 bed / 1 bath condo at an unheard-of San Diego price! Prime location with unbeatable access to both the 94 and 805 freeways — ideal whether you're commuting to local military bases, heading downtown, or exploring the coast. Don't let "mid-repair" scare you off: the kitchen is fully functional today, with plumbing, power, and appliances all in working order. What's left is cosmetic — drywall and cabinets still need to be installed, and the seller has all the material on site and ready to go, so a new owner can finish the space to their own taste without hunting down materials. Sold strictly as-is. The complex offers a sparkling community pool, relaxing spa, on-site basketball court, and convenient assigned parking. Don't miss this one — bring your contractor, your creativity, and your best offer!
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
| Item | Option 1: 35% down | Option 2: 10% down |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | No |
| Buyer down payment | $32,500 (10%) | $113,750 (35%) |
| Loan at closing | $292,500 | $211,250 |
| Cosmetic renovation, rough estimate* | We fund $36,585 | Buyer pays $36,585 |
| Total loan | $329,085 | $211,250 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($4,936) | 1.5 ($3,169) |
| Appraisal | Required | None |
| Estimated monthly interest | $2,537 at full draw | $1,848 |
| Cash to close, rough estimate | $41,826 | $116,919 |
Rough estimates at the list price of $325,000 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $45 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. The no-appraisal option is available in major California markets. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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