877 Island Avenue #1102
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877 Island Avenue #1102

Ctop 80%

San Diego, CA 92101

$2,650,000
STR-eligible · San Diego Tier 3 · TOT 13.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

211 licensed short-term rentals within ½ mile (139 whole home), from the cities' license and permit lists of Nov 11, 2026.

1 short-term rental license on file in this 46-unit complex, so its HOA has allowed them. Confirm in the CC&Rs: an HOA can ban stays under 30 days (Civ. Code §4741).

Pass at asking: -$14,429/mo full cashflow at 20% down, 7.43% rate.

Works at $771,389 (71% under asking), or at 99% down.

Rent $9,153/mo from 19 leases of 2–4 bed condos & townhomes within 0.5 mi, same school area ($5,637–$7,223). Previously leased for $8,000.

Beds

3

Baths

2.5

Sqft

2,914

Year Built

2002

Days on Market

100

Property Type

Condo

HOA/mo

$1,123.21

MLS ID

260018868SD

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

Virtual Tour

About This Property

Elevate your lifestyle to unparalleled heights in this exquisitely curated Parkloft penthouse, where the essence of urban sophistication intertwines with the vibrant energy of Downtown San Diego. This New York-inspired loft is a sanctuary of refined elegance, offering expansive city vistas an exclusive, unobstructed view into Petco Park—perfect for the discerning baseball aficionado. Crafted for the consummate entertainer, the open-concept design showcases soaring ceilings, exposed ductwork, brick accents, infusing the space with genuine urban allure. THREE private balconies seamlessly extend the living areas, each providing an idyllic setting for al fresco entertaining or tranquil contemplation against a backdrop of breathtaking cityscapes. The gourmet kitchen is a chef's haven, outfitted with top-tier stainless appliances, custom cabinetry, and a sophisticated bar with seating for twelve. A chic powder room with a vessel sink enhances both convenience and style. The primary bedroom is a haven of luxury, featuring its own balcony with direct views into Petco Park, a generous walk-in closet, an adjacent office or den, a sumptuous ensuite bathroom complete with a soaking tub, a step-in shower, dual vanities. Additional highlights include bespoke lighting, newer flooring, sleek ceiling fans, ample storage, two dedicated parking spaces. This residence transcends the ordinary, offering a privileged perspective on the finest aspects of city living. Embrace the opportunity to experience unparalleled penthouse luxury in the heart of San Diego. Experience the vibrant East Village lifestyle to the fullest at Parkloft, an exclusive and authentic loft community that's truly one of a kind. Nestled in a prime location, Parkloft immerses you in the heart of urban excitement, just steps away from iconic destinations like Petco Park, the bustling Gaslamp Quarter, and the vibrant Marina District. Plus, enjoy the added convenience of being close to the San Diego International Airport and the Santa Fe Train Station. As a resident, you'll be treated to a luxurious living experience that includes top-notch concierge services, a serene Zen-inspired lobby, a state-of-the-art fitness center, and a charming central courtyard with a communal gathering space. At Parkloft, you can fully embrace the quintessential urban lifestyle and relish in the epitome of city living.

Mortgage Calculator

Est. Monthly Payment

$19,268

Principal & Interest$14,722
Property Tax$2,650
Insurance$773
HOA$1,123
%($530,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Sherman Elementary · grades PK-5 · San Diego Unified

  • Middle

    Logan Memorial Educational Campus · grades PK-12 · San Diego Unified

  • High

    Logan Memorial Educational Campus · grades PK-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.

Investment Score

3C
Est. Monthly Rent
$9,153

Previously leased for $8,000

19 leases of 2–4 bed condos & townhomes within 0.5 mi, same school area · $5,637–$7,223

Monthly Cashflow

Rent − PITIA

-$10,115
Full Cashflow

Incl. vacancy, PM, maint, capex

-$14,429

What would make this work?

$14,429/mo short at 20% down; 99% down or +$18,738/mo rent closes it.

Break-even price

71% under asking

$771,389
Break-even rent

$18,738/mo above the estimate

$27,891/mo
Cashflow at 35% down
−$11,668/mo
Down payment to break even

$2,623,500 cash

99%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$14,722
Cap Rate
0.34%
Cash-on-Cash
-32.67%
DSCR

Need ≥ 1.25 for DSCR loan

0.48

NOI (Annual)
$9,011
Price-to-Rent

Lower = better for investors

24.1

* 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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CCashflow−$14,429/mo