1816 Diamond Street

1816 Diamond Street

D

San Diego, CA 92109

$985,000

Soft Appraisal Value: $2,108,100 · 53.3% below estimate

Beds

2

Baths

1

Sqft

750

Year Built

1979

Days on Market

37

Property Type

Single Family

HOA/mo

$325

MLS ID

260004080SD

Description

DEVELOPMENT UPSIDE in the Heart of Pacific Beach! An inviting 2BR/1BA detached coastal cottage offers future potential. Positioned at the front of a condominiumized lot, the property supports future expansion, presenting a compelling value-add opportunity. Two parking spaces convey. Set on a fully fenced lot, two spacious patios extend the living area outdoors—ideal for hosting friends, morning coffee rituals, or relaxing after a day in the surf. A private hot tub and propane fire table create an inviting ambiance for year-round coastal evenings. Enjoy the ease of biking or strolling to the Pacific Ocean and experience the very best of the Southern California lifestyle from this centrally located beach retreat.

Mortgage Calculator

Est. Monthly Payment

$6,578

Principal & Interest$4,981
Property Tax$985
Insurance$287
HOA$325
%($197,000)
%

Investment Score

2D
Est. Monthly Rent
$3,746
Monthly Cashflow

Rent − PITI − HOA

$-2,832
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,514

Mortgage (P+I)
$4,981
Cap Rate
0.57%
Cash-on-Cash
-27.50%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.57
Break-even Rent
$9,608

NOI (Annual)
$5,599
Price-to-Rent

Lower = better for investors

21.9

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

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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