877 Island Avenue #312
1 / 20

877 Island Avenue #312

Ctop 80%

San Diego, CA 92101

$769,900
NEW — 0d
STR: check · no permits in this complex · TOT 13.75%

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 →

Virtual Tour

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

Principal & Interest$4,302
Property Tax$770
Insurance$225
HOA$1,077
%($153,980)
%
Loan Term

Location

Loading map...

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

9C
Est. Monthly Rent
$3,467

1 lease in this building (±1 bed)

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$2,907
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,346

What would make this work?

$4,346/mo short at 20% down; +$5,644/mo rent closes it.

Break-even price

73% under asking

$206,520
Break-even rent

$5,644/mo above the estimate

$9,111/mo
Cashflow at 35% down
−$3,539/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,302
Cap Rate
0.20%
Cash-on-Cash
-33.87%
DSCR

Need ≥ 1.25 for DSCR loan

0.54

NOI (Annual)
$1,555
Price-to-Rent

Lower = better for investors

18.5

* 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.

Open Full Calculator
CCashflow−$4,346/mo