850 Beech 1505

850 Beech 1505

Ctop 80%

San Diego, CA 92101

$1,359,000
STR: check · no permits in this complex · TOT 13.75%

135 licensed short-term rentals within ½ mile (107 whole home), from the cities' license and permit lists of Nov 8, 2026.

No unit in this 62-unit complex holds a short-term rental license, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$6,556/mo full cashflow at 20% down, 7.43% rate.

Works at $505,419 (63% under asking), or at 90% down.

Rent $6,746/mo from 1 lease in this building.

Beds

3

Baths

2

Sqft

1,680

Year Built

2003

Days on Market

—

Property Type

Condo

HOA/mo

$1,313

MLS ID

260026656SD

This property is in San Diego (92101). View neighborhood stats →

About This Property

Rarely available 2BR/2BA + den residence at Discovery in Cortez Hill featuring a sought-after floor plan, two west-facing balconies and sweeping views of Downtown San Diego, Balboa Park and the Coronado Bridge. Beautifully upgraded with cherrywood flooring, quartz countertops, Bosch appliances, custom Shaker-style cabinetry, upgraded fireplace with redesigned mantle and custom tile surround, and new washer/dryer. Remote-controlled dual window treatments with privacy and blackout shades and custom casings throughout. The renovated primary bath features custom cabinetry, integrated toe-kick and perimeter ceiling lighting, imported Italian slate, wood-grain porcelain tile feature wall and Caesarstone quartz counters. Includes one of Discovery's largest storage units with built-in shelving plus two side-by-side parking spaces. Situated at one of Downtown San Diego's highest elevations, Discovery offers impressive panoramic vantage points and convenient access to I-5 and SR-163, with Downtown, Balboa Park and surrounding neighborhoods within easy reach. Building amenities include staffed front desk, on-site cleaning staff, 10th-floor lap-friendly pool, spa, BBQs, gas fire pits, fitness center, sauna, locker rooms and entertainment/bar area. Additional amenities include a business center, conference room and expansive second-floor interior courtyard with additional gathering and entertaining space.

Mortgage Calculator

Est. Monthly Payment

$10,618

Principal & Interest$7,550
Property Tax$1,359
Insurance$396
HOA$1,313
%($271,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Washington Elementary · grades PK-5 · San Diego Unified

  • Middle

    Roosevelt International Middle · grades 6-8 · San Diego Unified

  • High

    San Diego High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

12C
Est. Monthly Rent
$6,746

1 lease in this building

Thin data: only 1 lease behind this number.

Monthly Cashflow

Rent − PITIA

-$3,872
Full Cashflow

Incl. vacancy, PM, maint, capex

-$6,556

What would make this work?

$6,556/mo short at 20% down; 90% down or +$8,514/mo rent closes it.

Break-even price

63% under asking

$505,419
Break-even rent

$8,514/mo above the estimate

$15,260/mo
Cashflow at 35% down
−$5,140/mo
Down payment to break even

$1,223,100 cash

90%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,550
Cap Rate
1.18%
Cash-on-Cash
-28.94%
DSCR

Need ≥ 1.25 for DSCR loan

0.64

NOI (Annual)
$15,975
Price-to-Rent

Lower = better for investors

16.8

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$6,556/mo