877 Island San Diego

877 Island San Diego

D

, CA 92101

$1,390,000

Beds

2

Baths

2

Sqft

1,951

Year Built

2002

Days on Market

29

Property Type

Condo

HOA/mo

$1,044

MLS ID

SB26023653

View on MLS

Description

Welcome to ParkLoft living at its finest. This one-of-a-kind remodeled 2-bedroom, 2-bath loft-style residence offers over 1,900 square feet of expansive living space in one of Downtown San Diego’s most iconic luxury buildings. Located on the third floor with a desirable north-facing orientation, this home perfectly blends modern sophistication with industrial character. Inside, you’ll find beautiful wood floors, ultra-high ceilings, oversized windows, and exposed brick that flood the space with natural light and architectural interest. Bespoke lighting fixtures, designer-grade finishes, and custom barn doors elevate the home’s aesthetic, while a thoughtfully designed Murphy bed provides a flexible third sleeping option for guests. The spacious layout also includes an in-unit laundry room and a private balcony with city views—ideal for relaxing or entertaining. ParkLoft offers a premier urban lifestyle in the heart of East Village, just steps from Petco Park and moments from the Gaslamp Quarter and Marina District. Residents enjoy 24/7 lobby security, fitness center, and a beautifully landscaped central courtyard. This is modern industrial loft living at its best—perfectly situated for the active downtown resident.

Mortgage Calculator

Est. Monthly Payment

$9,868

Principal & Interest$7,029
Property Tax$1,390
Insurance$405
HOA$1,044
%($278,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$2,603
Monthly Cashflow

Rent − PITI − HOA

$-7,265
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,022

Mortgage (P+I)
$7,029
Cap Rate
-1.72%
Cash-on-Cash
-31.36%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.37
Break-even Rent
$9,868

NOI (Annual)
$-23,916
Price-to-Rent

Lower = better for investors

44.5

* Defaults: 20% down, 6.5% rate, 30yr.

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