1855 Diamond Street

1855 Diamond Street #122

D

San Diego, CA 92109

$659,999
NEW — 5d on market

Beds

2

Baths

2

Sqft

900

Year Built

1975

Days on Market

5

Property Type

Condo

HOA/mo

$875

MLS ID

NDP2603055

Description

Welcome to The Plaza in the heart of Pacific Beach. This first-floor 2-bedroom, 2-bath condo delivers a clean, modern feel with thoughtful designer upgrades throughout, including updated flooring, tile accents, fixtures, and lighting. The layout is efficient and flexible with dual primary suites, each with its own private bathroom. Ideal for shared ownership, guests, or rental positioning. Soundproofed walls add an extra layer of comfort, and the unit offers direct access convenience on the first floor. Enjoy views overlooking Garnet Street with a nightly bonus of SeaWorld fireworks in the distance. The unit includes one assigned parking space in a covered garage, with guest parking available. Limited amount of extra parking spaces made available from the HOA for an added monthly fee. HOA covers water, sewer, and trash, keeping monthly ownership predictable. The Plaza offers a full-service community experience with multiple pools and spas, fitness center, sauna, tennis courts, on-site laundry, theater room, billiards and game room, and professionally maintained grounds with lush landscaping, pond, and outdoor gathering areas. On-site management and 24-hour security provide structure and peace of mind. Wonderful location... You are minutes to the beach, bay, Kate Sessions Park, Trader Joe’s, Vons, restaurants while maintaining easy freeway access.

Mortgage Calculator

Est. Monthly Payment

$5,065

Principal & Interest$3,337
Property Tax$660
Insurance$192
HOA$875
%($132,000)
%

Investment Score

3D
Est. Monthly Rent
$3,778
Monthly Cashflow

Rent − PITIA

$-1,286
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,705

Mortgage (P+I)
$3,337
Cap Rate
1.15%
Cash-on-Cash
-24.59%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.75
Break-even Rent
$7,291

NOI (Annual)
$7,585
Price-to-Rent

Lower = better for investors

14.6

* 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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