877 Island Ave

877 Island Ave #203

D

San Diego, CA 92101

$1,049,000

Beds

1

Baths

2

Sqft

1,603

Year Built

2003

Days on Market

19

Property Type

Condo

HOA/mo

$920

MLS ID

260006282SD

Description

Experience elevated loft living at Parkloft, one of Downtown San Diego’s most coveted addresses in the vibrant Ballpark District. This spacious residence features soaring 10-foot ceilings, exposed ductwork, solid oak flooring and an open-concept design which captures the essence of sophisticated urban living. The expansive floor to ceiling Pella windows open up to north-facing city views and the private terrace is equipped with gas hookups, perfect for alfresco dining and entertaining. The primary retreat offers a tranquil escape, featuring an attached spa-inspired bathroom with award-winning design showcased in SD Design Magazine. Parkloft residents enjoy a well appointed fitness center; 24-hour concierge and security services; on-site management ensuring exceptional care and convenience; and a serene landscaped courtyard with ambient fire features, BBQ’s and a club house with a kitchenette which opens up to a large outdoor dining table and sets the stage for effortless outdoor entertaining. Developed by Douglas Wilson Companies (developer of Symphony Towers), Parkloft embodies the timeless sophistication of Manhattan-style loft living, with a seamless balance of historic brick craftsmanship and modern elegance. Crafted of poured-in-place concrete and timeless brick, this 11-story boutique building features a limited collection of 120 residences. The Ballpark District spans 22 blocks surrounding Petco Park, where the Padres-affiliated Ballpark District Community Partnership provides daily clean-up services to maintain the area.

Mortgage Calculator

Est. Monthly Payment

$7,579

Principal & Interest$5,304
Property Tax$1,049
Insurance$306
HOA$920
%($209,800)
%

Investment Score

0D
Est. Monthly Rent
$2,603
Monthly Cashflow

Rent − PITIA

$-4,976
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,449

Mortgage (P+I)
$5,304
Cap Rate
-1.31%
Cash-on-Cash
-36.89%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.34
Break-even Rent
$10,979

NOI (Annual)
$-13,738
Price-to-Rent

Lower = better for investors

33.6

* 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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