1050 Island Ave Unit 406, San Diego, California 92101, San Diego, 92101 - 0 bed, 1 bath
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1050 Island Ave Unit 406
San Diego, California 92101
ACTIVE
CONDITION: FAIR
0Beds
1Baths
603Sq Ft
0Lot Size
Property Price
LIST PRICE$395,000
EST. MARKET VALUE
$367,009
7% AboveMARKET VALUE
SUMMARY
This industrial-chic studio at M2i is a Strong Value Opportunity, listed at $395,000—positioned well above the $367,010 Fair Market Value by 7%. While priced at a premium, the unit features a rare private patio and oversized 10x7 storage, offering significant utility in a prime urban location. With a Condition Rating of 4, the property is move-in ready but offers potential for cosmetic updates. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a sophisticated city pied-à-terre near Petco Park.
Estimated Market Value
$367,009
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1050 Island Ave Unit 406 Subject | $395,000* List Price | 0 | 1 | 603 | $609 | - |
A 875 G St. 707 Sold | $465,000 | 1 | 1 | 678 | $686 | 0.1 mi |
B 445 Island Ave 706 Sold | $399,000 | 1 | 1 | 547 | $729 | 0.3 mi |
C 206 Park Boulevard 602 Sold | $400,000 | 1 | 1 | 696 | $575 | 0.2 mi |
D 321 10th Ave 903 Sold | $478,000 | 1 | 1 | 621 | $770 | 0.1 mi |
E 206 Park Blvd 405 Sold | $375,000 | 0 | 1 | 619 | $606 | 0.2 mi |
F 875 G Street 201 Sold | $337,000 | 0 | 1 | 734 | $459 | 0.1 mi |
G 330 J Street 612 Sold | $365,000 | 1 | 1 | 623 | $586 | 0.4 mi |
H 1080 Park Blvd 303 Sold | $320,000 | 1 | 1 | 618 | $518 | 0.4 mi |
I 1150 J Street 210 Active | $439,000 List Price | 1 | 1 | 735 | $597 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2005, the property is 21 years old with original finishes. While the industrial chic aesthetic is well-maintained and move-in ready, the kitchen cabinetry and bathroom tile/vanity are dated and reaching the end of their primary style cycle, fitting the criteria for properties over 20 years old needing minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Private Outdoor Space & Storage
This unit features a rare private patio and an exceptionally large 10x7 storage unit, providing significant utility and value seldom found in downtown studio residences.
- Prime Urban Location
Located in the desirable M2i building, the property is steps away from Petco Park, the San Diego Harbor, and the vibrant dining and entertainment scene of East Village.
- Modern Industrial Aesthetic
The 603-square-foot layout offers an airy, industrial chic feel with high ceilings and an open-concept design that maximizes the sense of space and natural light.
CONSRISKS & DEFICIENCIES
- Studio Layout Limitations
Despite its generous square footage, the studio configuration lacks a private bedroom, which may limit its appeal to buyers requiring distinct living and sleeping quarters.
- Underperforming Local Schools
The property is served by several local schools with relatively low performance ratings, which could impact long-term appreciation and appeal to education-focused buyers.
About 1050 Island Ave Unit 406
Experience the perfect blend of industrial chic and modern comfort in this impressively spacious studio at M2i. At 603 square feet, this residence breaks the mold of studio living, offering an open-concept layout that feels airy and remarkably expansive. The interior showcases high ceilings and clean lines, creating a versatile canvas for your personal style. Large windows invite a steady flow of natural light, but the true standout feature is the private patio—a rare find for a studio that provides a dedicated outdoor retreat. Original owner purchased in 2005. In unit laundry, extra oversized storage (approximately 10X7) in garage & assigned parking this unit has it all!!! Located in one of the neighborhood's most sought-after buildings, M2i offers a lifestyle defined by convenience and urban energy. Whether you’re looking for a sophisticated primary residence or a stylish city pied-à-terre, this oversized studio delivers the space and character you’ve been searching for. Ideally located not far from Petco Park, amazing restaurants, breweries, and San Diego Harbor.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- -
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $479.0 / Month
Neighborhood Insights
San Diego Unified Schools
Sherman Elementary School
Grades K-5 • 0.7 mi
5/10
Washington Elementary School
Grades K-5 • 1.1 mi
5/10
Burbank Elementary School
Grades K-5 • 1.2 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 603 | 1,002.307 |
| Lot Size | - | 75,574.68 |
| Price | $395.0K | $596.0K |
| Price per sq ft | $655 | $612 |
| Built year | 2005 | 1985 |
| HOA | $479.0 | $529 |
| Days on market | 15 | 55 |
Pricing History
Listed for Sale
Aug 25, 2026
$395,000
Initial Listing
Sold
Nov 22, 2005
$304,000
Public Record