1885 Diamond St San Diego

1885 Diamond St San Diego

D

, CA 92109

$375,000

Beds

1

Baths

1

Sqft

420

Year Built

1975

Days on Market

53

Property Type

Condo

HOA/mo

$726.53

MLS ID

2600712SD

Description

Welcome to resort-style living in the heart of Pacific Beach at The Plaza. This spacious and quiet interior second-floor STUDIO with 1 secure gated garage parking space (#137), offers an exceptional opportunity to enjoy the SoCal lifestyle at an affordable price point. Just minutes from the beach, dining, and everyday conveniences. Elevated above the courtyard, the unit features an oversized 8 ft X 5 ft private patio overlooking the peaceful pool and greenery, creating a perfect indoor-outdoor retreat. Recent upgrades (see suppl) include a new electric panel, updated bathroom w/ new vanity | lighting | quartz counters | refinished bathtub surround, and brushed gold light fixtures throughout, offering both comfort and an elevated style. Convenient community laundry right next door so no neighbor on one side and quiet interior location. Inside, the layout is impressively functional for a studio, with a large 6 ft X 9 ft entry area ideal for additional storage, a full-size kitchen w/ modern appliances, and a convenient eat-at bar that opens seamlessly to the living space. The living area provides ample space for flexible furniture arrangements, making it easy to create distinct living, sleeping, and work-from-home zones. The Plaza community is known for its unmatched amenities, including 5 tennis courts, 4 swimming pools, a well-equipped gym, sauna, BBQ areas, massive community room and extended outdoor deck overlooking the beautiful central water feature, billiard room, library, and lush landscaped grounds that feel like a year-round resort. Located just a 3-minute walk to shopping, restaurants, and nightlife along Garnet Avenue, and less than 2 miles from the beach, this home offers effortless access to everything Pacific Beach is known for. Walk, bike, or cruise to the sand while enjoying a low-maintenance lifestyle that doesn’t break the bank. A rare value in one of San Diego’s most desirable coastal communities.

Mortgage Calculator

Est. Monthly Payment

$3,107

Principal & Interest$1,896
Property Tax$375
Insurance$109
HOA$727
%($75,000)
%

Investment Score

22D
Est. Monthly Rent

Market Rent Estimate

$2,587
Monthly Cashflow

Rent − PITI − HOA

$-520
Full Cashflow

Incl. vacancy, PM, maint, capex

$-1,427

Mortgage (P+I)
$1,896
Cap Rate
1.50%
Cash-on-Cash
-8.32%
DSCR
1.36
Break-even Rent
$3,107

NOI (Annual)
$5,628
Price-to-Rent

Lower = better for investors

12.1

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

Get Expert AnalysisOpen Full Calculator