221 Island
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221 Island #503

D

San Diego, CA 92101

$569,000
NEW — 2d

Beds

1

Baths

1.5

Sqft

778

Year Built

1996

Days on Market

2

Property Type

Condo

HOA/mo

$533

MLS ID

260009336SD

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

About This Property

Rarely available Urban Loft in the iconic Island Lofts, designed by renowned contemporary architect Jonathan Segal. This top-floor 1 bedroom, 2 bath residence showcases dramatic 17-foot ceilings, floor-to-ceiling windows, and abundant natural light, creating a bright, open, and airy living space. The flexible layout features a main-level living area with bath and a spiral staircase leading to a private loft-style primary suite. Enjoy city views from the private balcony—perfect for entertaining or relaxing while taking in the energy of the Marina District. Thoughtfully updated with laminate wood flooring, modernized bathrooms, and in-unit washer/dryer for everyday convenience. Includes one assigned secured parking space, with guest parking options nearby via approved overnight (validated) use of the Marriott District just steps from the building. Ideally located just minutes from Petco Park, the Gaslamp Quarter, Panto Park, top dining, shopping, museums, the waterfront, and easy freeway access. A rare opportunity to own a distinctive architectural residence in the heart of Downtown.

Mortgage Calculator

Est. Monthly Payment

$4,145

Principal & Interest$2,877
Property Tax$569
Insurance$166
HOA$533
%($113,800)
%

Location

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Investment Score

27D
Est. Monthly Rent
$2,506
Monthly Cashflow

Rent − PITIA

$-1,639
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,690

Mortgage (P+I)
$2,877
Cap Rate
0.40%
Cash-on-Cash
-28.36%
DSCR

Need ≥ 1.25 for DSCR loan

0.60
Break-even Rent
$5,999

NOI (Annual)
$2,249
Price-to-Rent

Lower = better for investors

18.9

* 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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