1050 Island Ave San Diego

1050 Island Ave San Diego

D

, CA 92101

$649,000

Beds

1

Baths

2

Sqft

919

Year Built

2005

Days on Market

58

Property Type

Condo

HOA/mo

$538

MLS ID

2600152SD

View on MLS

Description

Rare Two Story Walk-Up Unit in the Highly Desirable M2i Building. This modern, reverse floor plan offers a unique living experience with high-end finishes throughout. The spacious primary bedroom features an oversized, fully custom walk-in shower, California Closets build-outs, and wide-plank tile flooring. A stunning spiral staircase leads to the second floor, where 12-foot ceilings and an open concept layout create an inviting atmosphere. Floor to ceiling windows provide abundant natural light, highlighting custom built-in shelving and exposed concrete accents. The kitchen is equipped with a premium LG fridge, complete with a custom ice maker, gas stainless steel cooking and modern fixtures. The private balcony offers city views and overlooks Jacaranda trees. One of the standout features of this unit is the direct access from the downstairs bedroom to the heart of East Village. Step outside your door and immerse yourself in one of San Diego’s most vibrant and desirable neighborhoods, just steps away from trendy restaurants, shops, and the lively energy of the area. The building also boasts a rooftop deck with built-in grills and a fireplace, a newly remodeled fitness center, and a lush interior courtyard. With Petco Park, Michelin-starred restaurant Callie, and the Gaslamp Quarter just blocks away, this unit offers an exceptional blend of modern luxury and unbeatable location.

Mortgage Calculator

Est. Monthly Payment

$4,658

Principal & Interest$3,282
Property Tax$649
Insurance$189
HOA$538
%($129,800)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$2,466
Monthly Cashflow

Rent − PITI − HOA

$-2,192
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,300

Mortgage (P+I)
$3,282
Cap Rate
-0.03%
Cash-on-Cash
-20.26%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.75
Break-even Rent
$4,658

NOI (Annual)
$-216
Price-to-Rent

Lower = better for investors

21.9

* Defaults: 20% down, 6.5% rate, 30yr.

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