1855 Diamond St
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1855 Diamond St #5-327

B

San Diego, CA 92109

$685,000
NEW — 1d

Beds

2

Baths

2

Sqft

900

Year Built

1975

Days on Market

1

Property Type

Condo

HOA/mo

$766.89

MLS ID

260014041SD

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

About This Property

Experience elevated coastal living from one of the premier view locations within The Plaza. Situated on the top floor of highly sought-after Court 5, this exceptional residence was hand-selected by the original developer for its extraordinary vantage point and breathtaking scenery. Expansive south-facing views stretch from the downtown San Diego skyline across Mission Bay and Mission Beach to the Pacific Ocean, with SeaWorld fireworks and even glimpses of Mexico visible from the comfort of home. Large windows throughout frame the ever-changing vistas while filling the interior with natural light. The spacious floor plan is enhanced by soaring vaulted ceilings, a cozy gas fireplace, wet bar, generous kitchen bar seating, and a private balcony designed for enjoying spectacular sunsets and city lights. A standout feature of the living area is the custom built-in shelving, creating a sophisticated focal point with abundant space for displaying artwork, books, and treasured collections while adding both function and architectural character. Both bedrooms offer privacy and comfort with their own en suite bathrooms. Additional conveniences include elevator access and assigned gated parking. Residents of The Plaza enjoy an impressive collection of resort-inspired amenities, including four swimming pools, four spas, five lighted tennis courts, a fitness center with saunas, private lagoon, movie and meeting room, library area, billiards and table tennis lounge, social gathering spaces, outdoor dining venue, beautifully landscaped grounds, and multiple laundry facilities. Ideally located near Pacific Plaza Shopping Center, residents have easy access to grocery stores, dining, coffee shops, and everyday conveniences, while the beaches, boardwalk, entertainment, and vibrant lifestyle of Pacific Beach are just moments away.

Mortgage Calculator

Est. Monthly Payment

$5,115

Principal & Interest$3,464
Property Tax$685
Insurance$200
HOA$767
%($137,000)
%

Location

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Investment Score

34C
Est. Monthly Rent
$3,768
Monthly Cashflow

Rent − PITIA

$-1,348
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,785

Mortgage (P+I)
$3,464
Cap Rate
1.19%
Cash-on-Cash
-24.40%
DSCR

Need ≥ 1.25 for DSCR loan

0.74
Break-even Rent
$7,385

NOI (Annual)
$8,144
Price-to-Rent

Lower = better for investors

15.1

* 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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