445 Island Avenue

445 Island Avenue

D

San Diego, CA 92101

$499,000

Soft Appraisal Value: $510,900 · 2.3% below estimate

Beds

1

Baths

1

Sqft

807

Year Built

2006

Days on Market

24

Property Type

Condo

HOA/mo

$523

MLS ID

NDP2602073

Description

Oversized 1-bedroom, 1-bath residence with 807 sq. ft. located on the 3rd floor, offering abundant natural light and an open, comfortable layout. The home features laminate wood flooring, an open kitchen and living area, and a spacious hallway with room for a desk or library. The generous primary bedroom includes a walk-in closet, and the unit is well maintained throughout. New washer and dryer included for added convenience. Enjoy reasonable HOA dues and resort-style community amenities including a pool, jacuzzi, fitness center, courtyard with BBQ areas, and secured underground parking with one reserved space. Ideally situated in the heart of the Gaslamp Quarter, just a short walk to Petco Park, Ralphs grocery store, restaurants, nightlife, and entertainment, making it the perfect opportunity to enjoy vibrant downtown San Diego living.

Mortgage Calculator

Est. Monthly Payment

$3,691

Principal & Interest$2,523
Property Tax$499
Insurance$146
HOA$523
%($99,800)
%

Investment Score

5D
Est. Monthly Rent
$3,029
Monthly Cashflow

Rent − PITI − HOA

$-662
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,775

Mortgage (P+I)
$2,523
Cap Rate
1.80%
Cash-on-Cash
-21.34%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.82
Break-even Rent
$5,334

NOI (Annual)
$8,982
Price-to-Rent

Lower = better for investors

13.7

* 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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