
445 Island #321
Atop 10%San Diego, CA 92101
203 licensed short-term rentals within ½ mile (132 whole home), from the cities' license and permit lists of Nov 7, 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: -$1,525/mo full cashflow at 20% down, 7.43% rate.
Works at $176,405 (53% under asking), or at 79% down.
Rent $2,733/mo from 2 leases in this building (±1 bed) ($2,729–$2,737).
Beds
1
Baths
1
Sqft
807
Year Built
2006
Days on Market
45
Property Type
Condo
HOA/mo
$750
MLS ID
260023158SD
This property is in San Diego (92101). View neighborhood stats →
About This Property
Spacious 1-bedroom residence at Gaslamp City Square featuring an open floor plan and an ideal orientation overlooking Fifth Avenue in the heart of the Gaslamp Quarter. At approximately 807 sq. ft., this is one of the larger 1-bedroom floor plans in the community. The living area features an upgraded entertainment center that adds architectural interest along with valuable built-in storage. Generous closet space includes a walk-in closet plus additional closets outside the bedroom. Enjoy a central downtown location with dining, entertainment, Petco Park and the waterfront all nearby. The open floor plan creates an easy flow between the kitchen, dining and living areas and provides flexibility for both everyday living and entertaining. A custom upgraded entertainment center is a standout feature of the living room, adding a finished design element while also providing useful built-in storage. Storage is another notable feature of the residence. In addition to the walk-in closet, the floor plan includes additional closet space outside the bedroom—an especially useful feature for a downtown one-bedroom residence. Gaslamp City Square places residents in a highly walkable location close to restaurants, cafés, nightlife, shopping, Petco Park, the Convention Center and the San Diego waterfront. Community amenities include a pool and fitness center, with amenities conveniently located on the same level as the residence. The unit also includes an owned parking space.
Mortgage Calculator
Est. Monthly Payment
$3,318
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
$2,733
Comp Average
$2,702

445 Island Avenue
1bd / 1ba · 807 sqft · Condo
$400K
Est. $2,733/mo
1480 Broadway
1bd / 1ba · 808 sqft · Condo
$399K
Est. $2,551/mo
350 11th Ave
1bd / 1ba · 798 sqft · Condo
$410K
Est. $2,753/mo
427 9th Ave
1bd / 1ba · 826 sqft · Condo
$419K
Est. $2,800/mo
427 9th Ave
1bd / 1ba · 826 sqft · Condo
$400K
Est. $2,673/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
2 leases in this building (±1 bed) · $2,729–$2,737
Thin data: only 2 leases behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,525/mo short at 20% down; 79% down or +$1,981/mo rent closes it.
- Break-even price
- $176,405
- Break-even rent
- $4,714/mo
- Cashflow at 35% down
- −$1,135/mo
- Down payment to break even
- 79%
- Rate to break even
- Not reachable
53% under asking
$1,981/mo above the estimate
$296,250 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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