445 Island Ave #504
Atop 10%San Diego, CA 92101
201 licensed short-term rentals within ½ mile (132 whole home), from the cities' license and permit lists of Nov 11, 2026.
No unit in this 83-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.
Pass at asking: -$1,454/mo full cashflow at 20% down, 7.43% rate.
Works at $160,651 (54% under asking), or at 80% down.
Rent $2,533/mo from 21 leases of studio–1 bed condos & townhomes within 0.5 mi, same school area ($2,406–$2,942).
Beds
Studio
Baths
1
Sqft
623
Year Built
2006
Days on Market
0
Property Type
Condo
HOA/mo
$716.4
MLS ID
260026743SD
This property is in San Diego (92101). View neighborhood stats →
About This Property
Move-in ready home in the heart of the vibrant Gaslamp Quarter featuring laminate wood flooring, soaring ceilings, contemporary finishes, and designer paint throughout. The stylish kitchen showcases modern cabinetry, granite countertops with ample prep space, and an industrial-inspired light fixture, all opening seamlessly to the bright living area with oversized windows. This spacious residence also offers a full bathroom and the convenience of an in-unit stacked washer and dryer. Bike storage from community!
Mortgage Calculator
Est. Monthly Payment
$3,113
Location
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Zoned Schools
Elementary
Washington Elementary · grades PK-5 · San Diego Unified
Middle
Roosevelt International Middle · grades 6-8 · San Diego Unified
High
San Diego High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$2,533
Comp Average
$2,683
1970 Columbia
1bd / 1ba · 631 sqft · Condo
$424K
Est. $3,068/mo
1150 J
Studio / 1ba · 571 sqft · Condo
$380K
Est. $2,765/mo
1150 J St
Studio / 1ba · 572 sqft · Condo
$365K
Est. $2,485/mo
425 Beech
1bd / 1ba · 641 sqft · Condo
$395K
Est. $2,787/mo
1480 Broadway
1bd / 1ba · 640 sqft · Condo
$340K
Est. $2,310/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
21 leases of studio–1 bed condos & townhomes within 0.5 mi, same school area · $2,406–$2,942
Blended 50/50 with the zip's market median ($2,543)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,454/mo short at 20% down; 80% down or +$1,888/mo rent closes it.
- Break-even price
- $160,651
- Break-even rent
- $4,421/mo
- Cashflow at 35% down
- −$1,089/mo
- Down payment to break even
- 80%
- Rate to break even
- Not reachable
54% under asking
$1,888/mo above the estimate
$280,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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