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1050 Island Avenue
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1050 Island Avenue #525

C

San Diego, CA 92101

$669,000

Soft Appraisal Value: $659,300 · 1.5% above estimate

Beds

1

Baths

2

Sqft

1,003

Year Built

2005

Days on Market

46

Property Type

Condo

HOA/mo

$566

MLS ID

PTP2602410

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

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About This Property

VA Approved! Live in the heart of East Village at M2i, one of downtown San Diego’s most sought after loft communities. Residence #525 is a spacious 1 bedroom, 2 bathroom condo offering 1,003 square feet of open concept living with soaring 11 foot ceilings, oversized windows, and a private balcony overlooking the peaceful interior courtyard. Designed with flexibility in mind, the expansive loft area offers the potential to create a true 2nd bedroom, a feature many owners in the building have already incorporated. The thoughtful floor plan lives significantly larger than its square footage, with a seamless flow between the living, dining, and kitchen spaces, making it ideal for both everyday living and entertaining. Luxury motorized blackout shades with smart home functionality and an upgraded digital keyless entry system, bringing both convenience and modern sophistication to the space. Additional highlights include tandem parking and an oversized private storage unit, two highly desirable features rarely found in downtown San Diego condos. Residents of M2i enjoy resort style amenities including a rooftop deck, fitness center, BBQ grills and beautifully maintained common areas. Located just steps from Petco Park, the Gaslamp Quarter, the San Diego waterfront, restaurants, coffee shops, and nightlife, this home offers the ultimate walkable urban lifestyle. Whether you are searching for a downtown San Diego loft, a condo near Petco Park, or a flexible live work space in East Village, Residence #525 delivers the perfect blend of style, convenience, and location.

Mortgage Calculator

Est. Monthly Payment

$4,813

Principal & Interest$3,383
Property Tax$669
Insurance$195
HOA$566
%($133,800)
%

Location

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Investment Score

33C
Est. Monthly Rent
$3,360
Monthly Cashflow

Rent − PITIA

$-1,453
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,783

Mortgage (P+I)
$3,383
Cap Rate
1.08%
Cash-on-Cash
-24.96%
DSCR

Need ≥ 1.25 for DSCR loan

0.70
Break-even Rent
$6,974

NOI (Annual)
$7,196
Price-to-Rent

Lower = better for investors

16.6

* 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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