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445 Island Ave
1 / 20

445 Island Ave #706

C

San Diego, CA 92101

$399,000

Beds

1

Baths

1

Sqft

547

Year Built

2006

Days on Market

43

Property Type

Condo

HOA/mo

$707.81

MLS ID

260008776SD

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

Virtual Tour

About This Property

Welcome to the pinnacle of urban living in the heart of the Historic Gaslamp Quarter. This true top-floor penthouse offers the rare combination of vibrant city access and peaceful, private retreat. Privately positioned on the quiet interior of the building, this south-facing residence is filled with natural light throughout the day while overlooking a lush, tropical courtyard—creating a calm, resort-like atmosphere in the middle of downtown San Diego. Inside, the home features an updated kitchen, spacious walk-in closet, and the convenience of a full-size front-loading washer and dryer. The thoughtful layout and top-floor positioning enhance both privacy and comfort, making this residence ideal for full-time living or a refined city retreat. Step outside your door and experience one of the most walkable lifestyles in San Diego. Surrounded by top-rated restaurants, coffee shops, and everyday conveniences, you’re just a short stroll to Petco Park, the San Diego Bay, and the Rady Shell amphitheater—placing the best of downtown at your fingertips. The community offers resort-style amenities including an on-site manager, fitness center, and a beautifully landscaped courtyard featuring a pool and spa—perfect for relaxing and recharging after a day in the city. This is a rare opportunity to enjoy the energy and excitement of downtown living, while coming home to a quiet, light-filled penthouse sanctuary. This top floor penthouse with south-facing orientation fills the home with abundant natural light throughout the day, creating a warm and inviting atmosphere. The courtyard itself is a true hidden oasis, featuring a resort-style swimming pool, relaxing hot tub, BBQ areas, and ample lounge seating with umbrellas—an ideal setting to unwind or entertain in the middle of the city. Additional highlights include in-unit laundry and one assigned underground parking space for ultimate convenience. Residents benefit from a well-managed building with onsite property management, roaming nighttime security, and guest parking available for a nominal fee—enhancing both comfort and peace of mind. Whether you’re seeking a primary residence, second home, or investment opportunity, this light & bright condo offers an exceptional lifestyle in one of downtown San Diego’s most iconic neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$3,241

Principal & Interest$2,018
Property Tax$399
Insurance$116
HOA$708
%($79,800)
%

Location

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Investment Score

40C
Est. Monthly Rent
$2,362
Monthly Cashflow

Rent − PITIA

$-878
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,754

Mortgage (P+I)
$2,018
Cap Rate
0.79%
Cash-on-Cash
-26.38%
DSCR

Need ≥ 1.25 for DSCR loan

0.73
Break-even Rent
$4,640

NOI (Annual)
$3,161
Price-to-Rent

Lower = better for investors

14.1

* 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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