1025 Island Ave #205 205, San Diego, California 92101, San Diego, 92101 - 1 bed, 2 bath
ACTIVE$1,300,000
1025 Island Ave #205 205, San Diego, California 92101
1Bed
2Baths
1,518Sqft
18,261Lot
Year Built
2006
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$856
HOA
$877
Days on market
-
Sold On
-
MLS number
250044477SD
Home ConditionGood
Features
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $1.30M(85th), sqft - 1518(85th), beds - 1(44th), baths - 2(50th).
Location. Location, Location! Rare dual inc 2 level Live/Work - Residential/Commercial combo in FAHRENHEIT next to Petco Park offers immed rental income. Commerc/ground floor retail unit at 475 10th Ave has a food prep/no hood/grease trap kitchen and is leased to a long term successful tenant until August 2027. Lock-off condo upstairs is 1 bd/1 ba fully furn condo 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 emplyed buyers. All Buyers - including All cash - must pre-qual with Seller’s pref lender and include with offer.
Nearby schools
5/10
Sherman Elementary School
Public,•K-5•0.7mi
3/10
Burbank Elementary School
Public,•K-5•1.2mi
5/10
Washington Elementary School
Public,•K-5•1.2mi
6/10
Jefferson Elementary School
Public,•K-5•2.9mi
3/10
Perkins Elementary School
Public,•K-8•0.7mi
3/10
Memorial Scholars & Athletes School
Public,•6-8•1.6mi
4/10
Golden Hill K-8
Public,•K-8•2.0mi
5/10
Roosevelt International Middle School
Public,•6-8•2.1mi
Price History
Date
Event
Price
11/21/25
Listing
$1,300,000
12/02/10
Sold
$435,000
03/28/06
Sold
$639,000
Condition Rating
Good
Built in 2006, this property falls within the 'Good' condition criteria (10-20 years old). The residential unit appears move-in ready with a consistent modern industrial aesthetic. The kitchen features stainless steel appliances, dark cabinetry, and granite countertops, all in good condition. The bathroom also presents well with a matching dark vanity, granite counter, and contemporary tile in the tub/shower combo. Flooring and light fixtures are well-maintained, and no immediate renovations are required.
Pros & Cons
Pros
Prime Downtown Location: Strategically located in downtown San Diego, next to Petco Park, offering high desirability for both residential living and commercial operations.
Unique Live/Work Property: A rare dual-level residential/commercial combination, providing exceptional versatility for an owner-user or investor seeking mixed-use functionality.
Guaranteed Commercial Income: The ground-floor retail unit is secured with a long-term lease to a successful tenant until August 2027, ensuring stable and immediate rental income.
Additional Residential Income: The upstairs 1-bedroom, 1-bath condo is fully furnished and currently rented month-to-month, offering flexible additional income potential.
Modern Construction: Built in 2006, the property benefits from relatively modern construction, likely featuring contemporary design and reduced immediate maintenance concerns.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1518, other record living area = 1217. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
Significant Financing Restrictions: The property is ineligible for common loan types (FHA, VA, SBA, Fannie/Freddy), severely limiting the pool of potential buyers and requiring specialized financing.
High Association Fee: A substantial monthly association fee of $877.0 represents a significant ongoing expense that could impact affordability and investment returns.
Commercial Kitchen Limitations: The commercial unit's food prep kitchen lacks a hood and grease trap, which restricts the types of food-related businesses that can operate there, potentially limiting future tenant options.