1050 Island Avenue San Diego

1050 Island Avenue San Diego

D

, CA 92101

$849,800

Beds

2

Baths

2

Sqft

1,172

Year Built

2005

Days on Market

19

Property Type

Condo

HOA/mo

$589.33

MLS ID

260003425SD

Description

One-of-a-kind southwest corner loft at M2i featuring panoramic city views, floor-to-ceiling windows, and an expansive open layout. The flexible floor plan was designed without enclosing the second bedroom, creating a generous flow of space filled with natural light. The owners have explored building out the second bedroom, and if a buyer prefers a traditional two-bedroom layout, the sellers are open to covering the cost of this option. The home was upgraded from top to bottom. The kitchen and baths feature designer quartzite counters and sleek porcelain tile. The living areas offer authentic hardwood floors, upgraded fixtures, and custom window coverings. Central AC provides strong climate control throughout the unit. The layout supports multiple uses including a home office or guest space. The building offers fast wiring options for remote work. Oversized windows bring in natural light throughout the day and enhance the corner exposure. Residents enjoy top-tier amenities: a fully updated fitness center with brand-new equipment, a lush courtyard, and a large rooftop deck with BBQs and a fire pit - perfect for entertaining. The home includes two reserved underground parking spaces, and the HOA supports EV charger installation. The location is one of the best in East Village. The building sits 2 blocks from Petco Park and close to restaurants, coffee shops, fitness studios, and the waterfront. Walk Score, Transit Score, and Bike Score are among the highest in Downtown, which attracts buyers who want a connected and walkable lifestyle.

Mortgage Calculator

Est. Monthly Payment

$5,984

Principal & Interest$4,297
Property Tax$850
Insurance$248
HOA$589
%($169,960)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$2,844
Monthly Cashflow

Rent − PITI − HOA

$-3,140
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,502

Mortgage (P+I)
$4,297
Cap Rate
-0.29%
Cash-on-Cash
-22.17%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.66
Break-even Rent
$5,984

NOI (Annual)
$-2,465
Price-to-Rent

Lower = better for investors

24.9

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

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