445 Island Avenue
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445 Island Avenue #501

C

San Diego, CA 92101

$659,000
NEW — 5d

Soft Appraisal Value: $648,200 · 1.7% above estimate

Beds

2

Baths

2

Sqft

941

Year Built

2006

Days on Market

5

Property Type

Condo

HOA/mo

$751.66

MLS ID

PW26117589

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

Virtual Tour

About This Property

Stunning Turn-Key Corner Condo in the Heart of San Diego’s iconic Gaslamp Quarter. Live at the center of it all!Vibrant city views with natural light from every window. This residence feels light, bright & open.This home has a New HVAC system with Nest controls & 2 ceiling Fans to keep you comfortable all year long.Durable laminate wood flooring throughout & Elfa Shelving in closets & bedroom.The modern kitchen blends style & functionality with sleek quartz countertops, modern cabinetry, stainless steel appliances including a new 5 burner gas Range, Dishwasher & new Garbage Disposal. The Refrigerator comes with the unit. Over the breakfast bar is an industrial-inspired light fixture.Open Concept seamless flow into the main living space, perfect for entertaining or relaxing at home. Two full bathrooms with oversized soaking Tub/Shower combos.Designed with both comfort & privacy in mind, the thoughtfully separated bedroom layout places rooms on opposite sides of the unit, making it ideal for guests, roommates, or a dedicated work-from-home setup. Enjoy everyday convenience with an in-unit washer & dryer which comes with the home.Two dedicated secured underground tandem parking spaces. This light-filled home has expansive windows with pet safe screens & custom blinds.Residents also enjoy resort-style amenities including 24-hour security, pool & hot tub, BBQ’s, fitness center, and inviting outdoor gathering spaces. HOA coverage includes common area maintenance, pest control, sewer, trash, and water. Just moments from Convention Center, Harbor, Petco Park, top-rated dining, cafés, nightlife, shopping & major freeway access, this residence offers the ultimate downtown San Diego lifestyle & walkable neighborhoods. Please check out 3-D Virtual Tour!

Mortgage Calculator

Est. Monthly Payment

$4,935

Principal & Interest$3,332
Property Tax$659
Insurance$192
HOA$752
%($131,800)
%

Location

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Investment Score

31C
Est. Monthly Rent
$3,460
Monthly Cashflow

Rent − PITIA

$-1,475
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,820

Mortgage (P+I)
$3,332
Cap Rate
0.93%
Cash-on-Cash
-25.67%
DSCR

Need ≥ 1.25 for DSCR loan

0.70
Break-even Rent
$7,122

NOI (Annual)
$6,148
Price-to-Rent

Lower = better for investors

15.9

* 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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