1855 Diamond St San Diego

1855 Diamond St San Diego

D

, CA 92109

$725,000

Beds

2

Baths

2

Sqft

900

Year Built

1975

Days on Market

18

Property Type

Condo

HOA/mo

$766.89

MLS ID

260003609SD

Description

Perched in one of the most desirable view locations in The Plaza, this top-floor residence in Court 5 was originally selected by the developer for its remarkable vistas. Enjoy sweeping southern panoramic views from every window, showcasing the downtown skyline, Mission Bay, SeaWorld fireworks, Mission Beach, the Pacific Ocean, and even Mexico. Bright and spacious, the home features vaulted ceilings, expansive windows, a gas fireplace, wet bar, oversized kitchen bar seating, and a private balcony for soaking in the scenery. The living room features striking custom built-in shelving that maximizes wall space while adding architectural interest—perfect for displaying art, books, and décor, and blending functional storage with a stylish, gallery-like design. The layout offers two bedrooms, each with its own en suite bathroom, plus elevator access and gated assigned parking for convenience. Residents enjoy secure grounds with landscaped paths, four pools, four spas, five lighted tennis courts, a fully equipped gym with saunas, movie and meeting room, billiards and table tennis lounge, social gathering spaces, library area, private lagoon, outdoor dining venue, and multiple laundry facilities. Ideally situated near Pacific Plaza Shopping Center with grocery, dining, and coffee options, as well as close to Pacific Beach attractions, entertainment, and the shoreline.

Mortgage Calculator

Est. Monthly Payment

$5,369

Principal & Interest$3,666
Property Tax$725
Insurance$211
HOA$767
%($145,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$2,682
Monthly Cashflow

Rent − PITI − HOA

$-2,687
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,908

Mortgage (P+I)
$3,666
Cap Rate
-0.40%
Cash-on-Cash
-22.24%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.73
Break-even Rent
$5,369

NOI (Annual)
$-2,903
Price-to-Rent

Lower = better for investors

22.5

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

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