1225 Island Aveneue 407

1225 Island Aveneue 407

A

San Diego, CA 92101

$360,000
NEW — 1d

Beds

1

Baths

1

Sqft

720

Year Built

2005

Days on Market

1

Property Type

Condo

HOA/mo

$550

MLS ID

260017571SD

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

About This Property

Short Sale Approved at $360,000. This is a true fixer opportunity for a cash buyer ready to create value in one of downtown's most vibrant and walkable neighborhoods. The condo requires substantial renovation and is being offered in its current condition, making it ideal for an investor or end user with vision and experience. What sets this property apart is the exceptional location. Step outside and you are surrounded by some of the area's best restaurants, coffee shops, bakeries, parks and everyday conveniences including a trolley stop across the street. Petco Park is just a short walk away, as is the heart of the Gaslamp District, offering world-class dining, nightlife, and entertainment. With the right improvements, this condo has the potential to become a standout residence or investment in a highly desirable urban setting. Opportunities like this--where location does the heavy lifting--are increasingly rare. Cash buyers only. Renovation required. Location, upside, and long-term potential make this one worth a closer look.

Mortgage Calculator

Est. Monthly Payment

$2,835

Principal & Interest$1,820
Property Tax$360
Insurance$105
HOA$550
%($72,000)
%

Investment Score

54B
Est. Monthly Rent
$2,340
Monthly Cashflow

Rent − PITIA

$-495
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,334

Mortgage (P+I)
$1,820
Cap Rate
1.62%
Cash-on-Cash
-22.23%
DSCR

Need ≥ 1.25 for DSCR loan

0.83
Break-even Rent
$4,072

NOI (Annual)
$5,842
Price-to-Rent

Lower = better for investors

12.8

* 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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