1025 Island 205, San Diego, California 92101, San Diego, 92101 - 1 bed, 2 bath
Loading property details...
San Diego, California 92101
This High-Potential Investment Opportunity is a rare dual-income Live/Work Condominium listed at $1,150,000, positioned well below the $1,155,052 Fair Market Value by 0.44%. Featuring a Condition Rating of 3, the property includes a long-term commercial tenant and a furnished residential unit. While financing is limited to non-warrantable or cash sources, the prime location next to Petco Park ensures consistent demand. This asset is an ideal acquisition for Buy-and-Hold Investors or Self-Employed Owner-Occupants seeking immediate rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1025 Island 205 Subject | $1,150,000* List Price | 1 | 2 | 1,518 | $761 | - |
A 877 Island Avenue 701 Sold | $1,285,000 | 1 | 2 | 1,538 | $836 | 0.1 mi |
B 350 11th Ave 922 Sold | $860,000 | 2 | 3 | 1,438 | $598 | 0.1 mi |
C 427 9th Ave 1402 Sold | $1,060,000 | 2 | 2 | 1,097 | $966 | 0.1 mi |
D 1050 Island Ave 418 Sold | $910,000 | 2 | 2 | 1,364 | $667 | 0.1 mi |
E 575 6th Ave 1705 Sold | $1,125,000 | 2 | 2 | 1,195 | $941 | 0.2 mi |
F 800 The Mark Ln 904 Sold | $848,000 | 1 | 1 | 1,108 | $765 | 0.1 mi |
G 800 The Mark Lane Sold | $949,000 | 1 | 2 | 1,051 | $903 | 0.1 mi |
H 200 W Harbor Drive 2501 Sold | $950,000 | 2 | 2 | 1,572 | $604 | 0.4 mi |
I 877 Island Ave 203 Active | $999,000 List Price | 1 | 2 | 1,603 | $623 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this 20-year-old property is well-maintained, functional, and move-in ready. The kitchen features modern dark cabinetry and stainless steel appliances, while the bathroom is clean and in good condition, fitting the contemporary loft aesthetic.
This rare live/work property features two distinct rental streams: a ground-floor commercial space leased through 2027 and a separate, fully furnished residential condo upstairs.
Situated in the Fahrenheit building directly adjacent to Petco Park, the property enjoys high foot traffic for the retail component and premium desirability for the residential unit.
The two-level layout offers exceptional flexibility for an owner-user to operate a business while living on-site or for an investor to capitalize on two separate lease agreements.
The property is ineligible for standard FHA, VA, or conventional warrantable loans, limiting the buyer pool to cash or specialized non-QM/bank statement loan products.
The association fee of $921 per month represents a significant carrying cost that may impact the net operating income and overall investment yield.
Rare dual inc 2 level Live/Work - Residential/Commercial combo in FAHRENHEIT next to Petco Park offers immed rental income. Amazing Location with pre-estab commercial retail space on ground floor at 475 10th Ave has a food prep/no hood/grease trap kitchen and is leased to long term successful tenant until August 2027. Lock-off condo upstairs is a 1 bd/1 ba fully furn condo that is rented month to month. Live/work prop type is ineligible for FHA, VA, SBA, and conv/ jumbo warrantable Fannie/Freddy loans. Non-warrantable and Non-QM/bank statement loan sources avail for self employed buyers. All Buyers - including All cash - must pre-qual with Seller’s pref lender and include with offer.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,518 | 999 |
| Lot Size | 18,261 | 84,697.5 |
| Price | $1.15M | $604.2K |
| Price per sq ft | $758 | $618 |
| Built year | 2006 | 1985 |
| HOA | $921.0 | $500 |
| Days on market | 27 | 53 |
Jun 25, 2026
$1,150,000
Initial Listing
Mar 24, 2006
$665,500
Public Record