1855 Diamond Street

1855 Diamond Street

D

San Diego, CA 92109

$505,000

Beds

1

Baths

1

Sqft

653

Year Built

1975

Days on Market

61

Property Type

Condo

HOA/mo

$802

MLS ID

PTP2600031

Description

***OPEN HOUSE SAT. 2/21 FROM 12PM-3PM. Please contact Betty Kerr @ 760-250-9326 for access to the unit! **** 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

$4,008

Principal & Interest$2,554
Property Tax$505
Insurance$147
HOA$802
%($101,000)
%

Investment Score

37D
Est. Monthly Rent

Market Rent Estimate

$3,828
Monthly Cashflow

Rent − PITI − HOA

$-180
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,481

Mortgage (P+I)
$2,554
Cap Rate
2.55%
Cash-on-Cash
-2.13%
DSCR
1.50
Break-even Rent
$4,008

NOI (Annual)
$12,873
Price-to-Rent

Lower = better for investors

11.0

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

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