840 Island Ave
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840 Island Ave #TH108

C

San Diego, CA 92101

$1,199,999
NEW — 6d

Beds

2

Baths

2

Sqft

1,594

Year Built

2007

Days on Market

6

Property Type

Townhouse

HOA/mo

$889.03

MLS ID

260016128SD

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

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About This Property

An exceptional opportunity to own one of only 11 exclusive townhome residences at The Mark, one of East Village's most sought-after communities. Spanning nearly 1,600 square feet across two levels, this premier residence offers the space, privacy, and convenience rarely found in downtown living. Ideally located just steps from Petco Park, The Rady Shell, the Gaslamp Quarter, and Downtown San Diego's premier dining, shopping, and entertainment. Inside, soaring ceilings and expansive windows fill the home with natural light, enhancing the open-concept layout. The chef's kitchen features updated stainless steel appliances, and flows seamlessly into a large formal dining area and spacious living room centered around a cozy fireplace. Completing the main level is a generously sized secondary bedroom with an en-suite bathroom, while a private patio creates a seamless indoor-outdoor extension of the living space. Upstairs, the spacious primary suite is a comfortable retreat with a fireplace and spa-inspired bathroom featuring dual vanities, a custom walk-in closet, and a large walk-in shower. A versatile bonus space provides the perfect setting for a home office or nursery, while the expansive private terrace with built-in cabinetry and a wine refrigerator offers an inviting space to relax or entertain. Enjoy the convenience and security of dual access, including a private, gated street-level entrance and access through the community's private interior courtyard. An elevator provides direct access to two dedicated parking spaces and a large private storage unit. Residents of The Mark enjoy an exceptional collection of resort-style amenities, including multiple barbecue stations, fire pits, a saltwater lap pool, spa, fitness center, conference room, beautifully landscaped gathering spaces, a fully staffed front desk, and 24-hour concierge service. Combining the privacy and convenience of townhome living with the amenities of a luxury high-rise, this is a rare opportunity to experience refined living in the heart of Downtown San Diego.

Mortgage Calculator

Est. Monthly Payment

$8,507

Principal & Interest$6,068
Property Tax$1,200
Insurance$350
HOA$889
%($240,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$4,146
Monthly Cashflow

Rent − PITIA

$-4,361
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,314

Mortgage (P+I)
$6,068
Cap Rate
-0.25%
Cash-on-Cash
-31.57%
DSCR

Need ≥ 1.25 for DSCR loan

0.49
Break-even Rent
$12,347

NOI (Annual)
$-2,959
Price-to-Rent

Lower = better for investors

24.1

* 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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