877 Island Ave
1 / 20

877 Island Ave #302

C

San Diego, CA 92101

$1,350,000
NEW — 0d

Soft Appraisal Value: $1,316,400 · 2.6% above estimate

Beds

2

Baths

2

Sqft

1,951

Year Built

2003

Days on Market

0

Property Type

Condo

HOA/mo

$1,044

MLS ID

260014364SD

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

About This Property

Introducing over 1,900 square feet of sophisticated living space in Parkloft - DTSD’s most iconic loft building. Flooded with natural light from oversized stain-grade Pella windows, this open and airy residence showcases solid oak hardwood floors, soaring 10-foot ceilings, exposed ductwork, and brick walls that embody timeless loft style & authentic industrial character. The gourmet kitchen features Studio Becker cabinets, black granite countertops and a Sub Zero fridge. Elegant French doors open to a private balcony with gas hookup for grilling while overlooking serene treetop and north-facing city views. The home features a desirable split floorplan, with two bedrooms positioned on opposite ends of the residence to ensure optimal privacy. A thoughtfully designed Murphy bed provides a flexible third sleeping option for guests, while custom barn doors offer both privacy and an open feel. The spacious layout also includes an oversized in-unit laundry room, a rare convenience in condo living. Parkloft residents enjoy a well appointed fitness center; 24-hour concierge and security services; on-site management; and a serene landscaped courtyard with ambient fire features, BBQ’s and a club house with a kitchenette. 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.

Mortgage Calculator

Est. Monthly Payment

$9,614

Principal & Interest$6,826
Property Tax$1,350
Insurance$394
HOA$1,044
%($270,000)
%

Location

Loading map...

Investment Score

9D
Est. Monthly Rent
$6,406
Monthly Cashflow

Rent − PITIA

$-3,208
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,807

Mortgage (P+I)
$6,826
Cap Rate
0.91%
Cash-on-Cash
-25.81%
DSCR

Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$13,947

NOI (Annual)
$12,235
Price-to-Rent

Lower = better for investors

17.6

* 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.

Get Expert AnalysisOpen Full Calculator