
877 Island Avenue #512
Ctop 80%San Diego, CA 92101
211 licensed short-term rentals within ½ mile (139 whole home), from the cities' license and permit lists of Nov 11, 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: -$6,680/mo full cashflow at 20% down, 7.43% rate.
Works at $428,236 (67% under asking), or at 95% down.
Rent $5,569/mo from 19 leases of 2-bed condos & townhomes within 0.5 mi, same school area ($4,557–$5,839).
Beds
2
Baths
2
Sqft
1,904
Year Built
2002
Days on Market
106
Property Type
Condo
HOA/mo
$999
MLS ID
PTP2605654
This property is in San Diego (92101). View neighborhood stats →
About This Property
Come home to one of Parkloft’s most DISTINCTIVE URBAN RESIDENCES. This 1904SF southwest-facing CORNER LOFT pairs authentic industrial character—soaring 10ft ceilings, exposed ductwork and concrete ceilings—with warm wood flooring and an open airy, highly versatile interior. French doors extend onto an approx 40-by-8-foot private patio, nearly 320 SF of additional indoor-outdoor living space—an exceptionally rare feature within Parkloft. A second balcony off the sleeping area offers city views and a peek into Petco Park, creating your own private perch above the energy of East Village. Currently configured as one large primary BR, this loft can easily be made a 2BR or even 3BR home. Both bathrooms are upgraded including glass shower doors, a soaking tub, marble/granite counters and a rain shower. Furnishing available for purchase, including the baby grand Steinway piano, billiards table and sculptural EcoSmart Fire fireplace—making this a rare opportunity to step directly into a sophisticated, fully realized downtown lifestyle. Parkloft offers 24/7 concierge and door service, a dramatic Zen-inspired lobby, fitness center and landscaped interior courtyard with fire features, BBQs and clubhouse—all moments from Petco Park, the Gaslamp Quarter, Marina District, waterfront, dining and entertainment. Two parking spaces and private storage complete this exceptional urban residence. This 11-story, 120-residence boutique building was developed by Douglas Wilson Co and constructed of poured-in-place concrete and brick. Easy freeway access, Marina District proximity, waterfront, dining, entertainment and the Embarcadero.
Mortgage Calculator
Est. Monthly Payment
$9,887
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
$5,569
Comp Average
$6,009
310 G St
2bd / 2.5ba · 1,847 sqft · Condo
$995K
Est. $5,292/mo
800 The Mark
2bd / 2.5ba · 1,878 sqft · Condo
$1.35M
Est. $6,207/mo
1325 Pacific Highway
2bd / 2.5ba · 2,042 sqft · Condo
$1.40M
Est. $7,221/mo
877 Island Ave
2bd / 2ba · 1,951 sqft · Condo
$1.30M
Est. $5,821/mo
1262 Kettner Blvd
2bd / 2ba · 1,772 sqft · Condo
$1.34M
Est. $5,505/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
19 leases of 2-bed condos & townhomes within 0.5 mi, same school area · $4,557–$5,839
Blended 50/50 with a property-level estimate
A property-level estimate runs more than 25% above what comparable homes leased for ($4,867). Treat this rent with extra care.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$6,680/mo short at 20% down; 95% down or +$8,676/mo rent closes it.
- Break-even price
- $428,236
- Break-even rent
- $14,245/mo
- Cashflow at 35% down
- −$5,328/mo
- Down payment to break even
- 95%
- Rate to break even
- Not reachable
67% under asking
$8,676/mo above the estimate
$1,233,100 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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