1855 Diamond Street
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1855 Diamond Street #5-230

D

San Diego, CA 92109

$499,000

Soft Appraisal Value: $695,200 · 28.2% below estimate

Beds

1

Baths

1

Sqft

653

Year Built

1975

Days on Market

106

Property Type

Condo

HOA/mo

$802

MLS ID

PTP2600031

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

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About This Property

Located in the highly desirable Plaza complex in Pacific Beach, this beautifully refreshed one bedroom, one bath condo showcases stylish upgrades & an exceptional coastal lifestyle. The unit has been renovated throughout with new flooring, fresh interior paint, a brand new kitchen featuring new appliances, countertops, cabinetry, sink & faucet, along with a custom cabinet storage area complete with a wine fridge. The bathroom has been fully updated with a new tub and a sleek double vanity, while new light fixtures throughout the home create a bright & modern feel. The spacious bedroom features a striking board & batten paneled accent wall, adding character & design appeal. Situated in a quiet section of the complex, the unit enjoys views of the tennis courts without public walkways or foot traffic directly outside, providing added privacy rarely found in the community. The Plaza complex features secured entry on all doors, 24 hour security, and resort style amenities including multiple pools, tennis courts, a fitness center with sauna, movie room, billiards room, barbecue area, library, & inviting indoor and outdoor seating areas overlooking the lagoon fountain. The unit includes one assigned parking space in the secured garage with convenient access near the unit. Ideally located close to freeways, shopping, dining, & just minutes from Pacific Beach, this is a must see opportunity in one of San Diego’s most sought after coastal communities.

Mortgage Calculator

Est. Monthly Payment

$3,970

Principal & Interest$2,523
Property Tax$499
Insurance$146
HOA$802
%($99,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$2,220
Monthly Cashflow

Rent − PITIA

$-1,750
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,677

Mortgage (P+I)
$2,523
Cap Rate
-0.37%
Cash-on-Cash
-32.18%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.56
Break-even Rent
$5,696

NOI (Annual)
$-1,841
Price-to-Rent

Lower = better for investors

18.7

* 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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