1885 Diamond Street
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1885 Diamond Street #321

C

San Diego, CA 92109

$725,000
NEW — 0d

Soft Appraisal Value: $698,200 · 3.8% above estimate

Beds

2

Baths

2

Sqft

1,033

Year Built

1975

Days on Market

0

Property Type

Condo

HOA/mo

$878

MLS ID

PTP2604548

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

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About This Property

Rare 2.25% VA Assumable loan! Top-floor corner unit in the heart of Pacific Beach. Completely remodeled inside and out. This quiet end unit offers the best location in the complex: vaulted ceilings, only one shared wall, and a cross breeze that flows through all day. Enjoy the best views of San Diego from your private perch, steps from parking, laundry, and two dedicated parking spaces. Upgrades include new soft-close cabinetry, quartz countertops, stainless steel appliances, a wine/beer cooler, custom shower, dual-pane windows in all bedrooms, LVP flooring throughout, lime wash walls, recessed lighting, new electrical subpanel, and updated plumbing. Both bedrooms feature ceiling fans and floor-to-ceiling mirrored closets with wood trim. Smart home ready with Philips Hue lighting in the kitchen and bedrooms. The complex itself has also been renovated, including new plumbing and a redesigned hallway. HOA amenities include a pool, spa/hot tub, gym, sauna, tennis/pickleball courts, clubhouse, and billiards/ping pong recreation room, with water, trash, and maintenance grounds covered. Great location, walkable to Trader Joe's, Vons, CVS, restaurants, shops, and the beach and bay. The shopping center directly behind the complex was recently renovated and is home to Orangetheory, a Pilates studio, Dunkin' Donuts, and more. Kate Sessions Park is just half a mile away.

Mortgage Calculator

Est. Monthly Payment

$5,480

Principal & Interest$3,666
Property Tax$725
Insurance$211
HOA$878
%($145,000)
%

Location

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Investment Score

25D
Est. Monthly Rent
$3,725
Monthly Cashflow

Rent − PITIA

$-1,755
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,216

Mortgage (P+I)
$3,666
Cap Rate
0.74%
Cash-on-Cash
-26.61%
DSCR

Need ≥ 1.25 for DSCR loan

0.68
Break-even Rent
$7,902

NOI (Annual)
$5,401
Price-to-Rent

Lower = better for investors

16.2

* 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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