1025 Island Ave #205 205, San Diego, California 92101, San Diego, 92101 - 1 bed, 2 bath
1025 Island Ave #205 205
San Diego, California 92101
Property Price
SUMMARY
Analysis of 1025 Island Ave #205 205, San Diego, California 92101 is currently available with a list price of $1,290,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2006, this property is 18 years old, fitting within the 'Good' category's age range. The residential unit features a modern industrial aesthetic with exposed concrete and high ceilings. The kitchen is well-appointed with stainless steel appliances, dark contemporary cabinetry, granite countertops, and modern fixtures, all appearing in good condition. The bathroom also presents modern finishes, including a dark vanity, stone countertop, and tiled shower/tub combo. Flooring throughout is a mix of light wood laminate/hardwood and tile, showing minimal wear. All visible systems and finishes are functional and well-maintained, requiring no immediate renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated in a highly desirable downtown San Diego area, directly adjacent to Petco Park, offering excellent walkability and access to urban amenities.
- Unique Live/Work Opportunity
A rare dual-level property combining commercial retail space on the ground floor with a separate residential condo upstairs, providing exceptional flexibility for an owner-user or investor.
- Immediate & Diversified Income
Benefits from an established long-term commercial tenant (lease until Aug 2027) and a month-to-month residential tenant, ensuring immediate and diversified rental income streams.
CONSRISKS & DEFICIENCIES
- 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.
- Severe Financing Limitations
The property is ineligible for standard FHA, VA, SBA, and conventional/jumbo warrantable loans, significantly narrowing the pool of potential buyers to those with specialized financing or all-cash.
- High Monthly Association Fee
A substantial $877 monthly association fee adds a significant ongoing cost to ownership, which could impact net operating income for investors or affordability for owner-occupants.
About 1025 Island Ave #205 205
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2006
- Lot Size
- 18,261 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $877.0 / Month
Neighborhood Insights
San Diego Unified Schools
Sherman Elementary School
Grades K-5 • 0.7 mi
Burbank Elementary School
Grades K-5 • 1.2 mi
Washington Elementary School
Grades K-5 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 43% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,518 | 1,101 | 86% |
| Lot Size | 18,261 | - | 66% |
| Price | $1.29M | $739.0K | 84% |
| Price per sq ft | $850 | $696 | 80% |
| Built year | 2006 | 2004 | 64% |
| HOA | $877.0 | $830 | 54% |
| Days on market | 106 | 180 | 20% |
Pricing History
Listed for Sale
Jan 30, 2026
$1,290,000
$1,300,000
-1% Price Drop
Initial Listing
Price Change
Nov 21, 2025
$1,300,000
Initial Listing
Sold
Dec 2, 2010
$435,000
Public Record
Sold
Mar 28, 2006
$639,000
Public Record