1855 Diamond St
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1855 Diamond St #5-327

D

San Diego, CA 92109

$699,000

Soft Appraisal Value: $469,700 · 48.8% above estimate

Beds

2

Baths

2

Sqft

900

Year Built

1975

Days on Market

63

Property Type

Condo

HOA/mo

$766.89

MLS ID

260003609SD

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

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About This Property

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

$5,204

Principal & Interest$3,535
Property Tax$699
Insurance$204
HOA$767
%($139,800)
%

Location

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Investment Score

3D
Est. Monthly Rent
$3,691
Monthly Cashflow

Rent − PITIA

$-1,513
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,945

Mortgage (P+I)
$3,535
Cap Rate
1.01%
Cash-on-Cash
-25.28%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.71
Break-even Rent
$7,515

NOI (Annual)
$7,076
Price-to-Rent

Lower = better for investors

15.8

* 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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