The loft units at the Mills are quite possibly the most overpriced real estate in all of downtown San Diego. The Mills was built to be a rental community which was converted into condos at the end of the construction of the building so the quality just isn't there.
While this unit shows a loss of $46,840 the unit looks to be highly upgraded with pretty good looking wood floors and stainless appliances so the loss is probably close to $75,000.
Current Price: $549,000
Purchase Price: $562,900
Loss @6% Sales Expenses: $46,840
Purchase Date: 4/1/2005
Purchase Details: view