
877 Island Avenue #312
Ctop 80%San Diego, CA 92101
213 licensed short-term rentals within ½ mile (139 whole home), from the cities' license and permit lists of Nov 5, 2026.
No unit in this 73-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: -$4,346/mo full cashflow at 20% down, 7.49% rate.
Works at $206,520 (73% under asking); even all cash loses money at asking.
Rent $3,467/mo from 1 lease in this building (±1 bed).
Beds
1
Baths
1.5
Sqft
1,257
Year Built
2003
Days on Market
0
Property Type
Condo
HOA/mo
$1,076.89
MLS ID
260026311SD
This property is in San Diego (92101). View neighborhood stats →
About This Property
Experience the character of a New York–style loft with the privacy and functionality of a thoughtfully redesigned home. Located in Downtown San Diego's desirable Parkloft building, this extensively renovated 1-bedroom + den residence features soaring 10-foot ceilings, custom architectural improvements, and high-end finishes throughout. Unlike traditional open-concept lofts, this residence has been transformed with newly constructed walls and over $25,000 in custom Rustica glass and metal doors, creating distinct living spaces while preserving the building's signature industrial character. A separate den provides an ideal home office, guest space, or creative retreat. The beautifully updated kitchen features quartz waterfall countertops, a full-height backsplash, premium Samsung and Sub-Zero appliances, and designer lighting. The spacious primary suite includes a custom-built walk-in closet and a spa-inspired bathroom with dual vanities, a jetted soaking tub, and a frameless glass shower. French doors open from the living area to a private balcony with a natural gas hookup, offering an inviting space to unwind or entertain. Additional highlights include a remodeled guest bathroom, custom built-in storage, newer front-load laundry, hard-surface flooring, smart-home features, one oversized SUV-friendly parking space, and a private storage room. Just steps from Petco Park, the Gaslamp Quarter, and Downtown's best dining and entertainment, this distinctive Parkloft residence delivers the character of an authentic urban loft with the comfort and functionality of a modern home. Extensive improvements throughout the residence reflect a thoughtful approach to both design and everyday living. Custom Rustica glass and metal doors, newly constructed interior walls, and a dedicated office area create a level of privacy rarely found in traditional loft residences. The primary suite features a custom walk-in closet with mirrored barn door, while the redesigned guest bathroom showcases vertical tile and updated fixtures. Additional enhancements include custom cabinetry, LED accent lighting, a Nest thermostat, and upgraded finishes throughout. Parkloft residents enjoy an attended Zen-inspired lobby, fitness center, landscaped courtyard, and resident lounge with kitchenette. Situated in the heart of East Village's Ballpark District, the residence offers convenient access to Petco Park, the Gaslamp Quarter, Marina District, restaurants, coffee shops, and Downtown San Diego's vibrant waterfront lifestyle.
Mortgage Calculator
Est. Monthly Payment
$6,374
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.
Comparable Properties
5 comps foundThis Property
$3,467
Comp Average
$4,111
1501 India Street
1bd / 1ba · 1,245 sqft · Condo
$550K
Est. $3,352/mo
1240 India St.
2bd / 2ba · 1,253 sqft · Condo
$799K
Est. $4,944/mo
645 Front Street
2bd / 2ba · 1,259 sqft · Condo
$800K
Est. $4,962/mo
777 6th
1bd / 1ba · 1,314 sqft · Condo
$888K
Est. $3,595/mo
877 Island Ave
1bd / 1.5ba · 1,228 sqft · Condo
$989K
Est. $3,704/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
1 lease in this building (±1 bed)
Thin data: only 1 lease behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$4,346/mo short at 20% down; +$5,644/mo rent closes it.
- Break-even price
- $206,520
- Break-even rent
- $9,111/mo
- Cashflow at 35% down
- −$3,539/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
73% under asking
$5,644/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% 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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