1025 Island Ave
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1025 Island Ave #704

C

San Diego, CA 92101

$915,000
NEW — 2d

Soft Appraisal Value: $899,000 · 1.8% above estimate

Beds

2

Baths

2

Sqft

1,220

Year Built

2006

Days on Market

2

Property Type

Condo

HOA/mo

$848

MLS ID

260016348SD

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

About This Property

Unit 704 at Fahrenheit is a rare top-floor corner residence in the heart of East Village, offering expansive city views through dramatic floor-to-ceiling windows. This 2-bedroom, 2-bath penthouse-style home features 1,220 sq. ft. of bright, open living space with soaring 13-foot ceilings, a spacious kitchen with an island, a dedicated dining area, and two private balconies that seamlessly extend the living space outdoors. The HOA includes high-speed internet, and the home comes complete with two assigned side-by-side parking spaces. Ideally located just steps from Petco Park and the Gaslamp Quarter, you’ll enjoy some of San Diego’s best dining, including Cowboy Star and Callie, along with premier shopping, entertainment, and nightlife in one of downtown’s most vibrant, walkable neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$6,657

Principal & Interest$4,627
Property Tax$915
Insurance$267
HOA$848
%($183,000)
%

Location

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Investment Score

25D
Est. Monthly Rent
$4,821
Monthly Cashflow

Rent − PITIA

$-1,836
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,707

Mortgage (P+I)
$4,627
Cap Rate
1.21%
Cash-on-Cash
-24.31%
DSCR

Need ≥ 1.25 for DSCR loan

0.72
Break-even Rent
$9,635

NOI (Annual)
$11,036
Price-to-Rent

Lower = better for investors

15.8

* 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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