445 Island Avenue

445 Island Avenue

D

San Diego, CA 92101

$410,000
NEW — 0d on market

Beds

Baths

1

Sqft

623

Year Built

2006

Days on Market

0

Property Type

Condo

HOA/mo

$504.86

MLS ID

260006734SD

View on MLS

Description

Tucked into the vibrant heart of the Gaslamp Quarter, this spacious and thoughtfully designed studio in Gaslamp City Square offers a rare blend of urban energy and serene retreat living. Overlooking the beautifully landscaped interior courtyard, this residence enjoys a peaceful, quiet setting—far removed from street noise—while still placing you steps from downtown’s best dining, nightlife, and entertainment venues including Petco Park and the Rady Shell amphitheater. The 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. Offered fully furnished, this turn-key residence includes stylish furniture, kitchenware, and everything needed for immediate enjoyment or rental readiness. 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-filled studio offers an exceptional lifestyle in one of downtown San Diego’s most iconic neighborhoods. The 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. Offered fully furnished, this turn-key residence includes stylish furniture, kitchenware, and everything needed for immediate enjoyment or rental readiness. 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-filled studio offers an exceptional lifestyle in one of downtown San Diego’s most iconic neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$3,108

Principal & Interest$2,073
Property Tax$410
Insurance$120
HOA$505
%($82,000)
%

Investment Score

30D
Est. Monthly Rent
$2,760
Monthly Cashflow

Rent − PITI − HOA

$-348
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,325

Mortgage (P+I)
$2,073
Cap Rate
2.19%
Cash-on-Cash
-5.09%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.89
Break-even Rent
$3,108

NOI (Annual)
$8,984
Price-to-Rent

Lower = better for investors

12.4

* 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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