1855 Diamond St San Diego

1855 Diamond St San Diego

D

, CA 92109

$450,000

Beds

1

Baths

1

Sqft

678

Year Built

1975

Days on Market

46

Property Type

Condo

HOA/mo

$802.48

MLS ID

2601273SD

Description

Welcome to one of the best-value one-bedroom homes in prime Pacific Beach. This spacious residence is the largest one-bedroom floor plan in the community, offering an incredible opportunity to own top-tier PB real estate at an approachable price point. With only one shared wall and a peaceful pool view, this single-story, elevator-accessible home is thoughtfully updated with dual-pane windows and doors, new plumbing, a new toilet, and a new electrical panel with upgraded wiring—a major upgrade not found in all units. The community delivers true resort-style living, featuring multiple pools, a hot tub, tennis courts, billiards room, movie theater, library, onsite security services/attendant available and more. Whether you’re looking for a primary residence, a low-maintenance alternative to a retirement community, or a flexible second home, this property offers comfort, convenience, and lifestyle. Located just minutes from both the bay and the beach, you’ll enjoy the best of coastal living in one of San Diego’s most sought-after neighborhoods. Mid-term rentals are allowed (rental must be a minimum of 31 days per HOA), and the complex is FHA and VA approved, expanding financing options for buyers. A rare combination of size, upgrades, amenities, and location—this is Pacific Beach living done right!

Mortgage Calculator

Est. Monthly Payment

$3,659

Principal & Interest$2,275
Property Tax$450
Insurance$131
HOA$802
%($90,000)
%

Investment Score

7D
Est. Monthly Rent

Market Rent Estimate

$2,682
Monthly Cashflow

Rent − PITI − HOA

$-977
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,969

Mortgage (P+I)
$2,275
Cap Rate
0.82%
Cash-on-Cash
-13.03%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

1.18
Break-even Rent
$3,659

NOI (Annual)
$3,680
Price-to-Rent

Lower = better for investors

14.0

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

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