1834 Diamond Street

San Diego, CA 92109

$975,000

NEW — 1d

STR: check · no permits in this complex · TOT 12.75%

187 licensed short-term rentals within ½ mile (128 whole home), from the cities' license and permit lists of Nov 13, 2026.

No unit in this 4-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$4,676/mo full cashflow at 20% down, 7.36% rate.

Works at $363,083 (63% under asking), or at 90% down.

Rent $4,318/mo from 18 leases of 2-bed condos & townhomes within 1 mi ($3,586–$4,999).

Beds

Baths

Sqft

1,064

Year Built

1984

Days on Market

Property Type

Townhouse

HOA/mo

$550

MLS ID

NDP2610259

This property is in San Diego (92109). View neighborhood stats →

About This Property

Here is your opportunity to own part of the Pacific Beach dream for under $1 million. This 2 bedroom and 2 1/2 bath townhome is situated in the front of the 4 unit complex allowing for a front private patio with jacuzzi. Ideally located just steps from Pacific Plaza's shops, restaurants, and grocery stores, and within easy walking or biking distance to Kate Sessions Park, Mission Bay, Crystal Pier, and the Pacific Ocean. With nearby schools, parks, convenient freeway access and low HOA dues in this small, peaceful complex, this home offers the best of beach living. Don't miss your chance to own in one of San Diego's most sought-after communities PACIFIC BEACH!

Mortgage Calculator

Est. Monthly Payment

$7,189

Principal & Interest$5,379

Property Tax$975

Insurance$284

HOA$550

Down Payment

%($195,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Pacific Beach Elementary · grades PK-5 · San Diego Unified
Middle
Pacific Beach Middle · grades 6-8 · San Diego Unified
High
Mission Bay High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Comparable Properties

5 comps found

This Property

$4,318

Comp Average

$4,534

2018 Pacific Beach Dr

2bd / 1.5ba · 1,080 sqft · Townhouse

$795K

Est. $4,349/mo

881 Thomas

2bd / 2ba · 1,066 sqft · Condo

$850K

Est. $4,782/mo

1278 Pacific Beach

2bd / 2ba · 1,032 sqft · Condo

$840K

Est. $4,484/mo

4944 Cass St

2bd / 2ba · 1,102 sqft · Condo

$925K

Est. $4,504/mo

4944 Cass Street

2bd / 2ba · 1,100 sqft · Condo

$1.10M

Est. $4,550/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

15C

Est. Monthly Rent

$4,318

18 leases of 2-bed condos & townhomes within 1 mi · $3,586–$4,999

Blended 50/50 with the zip's market median ($4,359)

Monthly Cashflow

Rent − PITIA

-$2,870

Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,676

What would make this work?

$4,676/mo short at 20% down; 90% down or +$6,073/mo rent closes it.

Break-even price: $363,083
Break-even rent: $10,391/mo
Cashflow at 35% down: −$3,667/mo
Down payment to break even: 90%
Rate to break even: Not reachable

Mortgage (P+I)

$5,379

Cap Rate

1.13%

Cash-on-Cash

-28.77%

DSCR

Need ≥ 1.25 for DSCR loan

0.60

NOI (Annual)

$11,031

Price-to-Rent

Lower = better for investors

18.8

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

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

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CCashflow−$4,676/mo