850 Beech St

850 Beech St #509

D

San Diego, CA 92101

$649,000
NEW — 4d on market

Beds

2

Baths

2

Sqft

1,070

Year Built

2003

Days on Market

4

Property Type

Condo

HOA/mo

$1,239

MLS ID

260007600SD

View on MLS

Description

Welcome to Discovery at Cortez Hill by Bosa Development—one of downtown San Diego’s best values in full-service high-rise living. Ideally positioned on a quiet, tree-lined street, this east-facing residence is filled with natural light through expansive floor-to-ceiling windows, capturing tranquil views of the surrounding hills and treetops. Offered furnished for a true turnkey experience, this move-in ready home blends comfort and functionality. Continued in supplement below.... Highlights include a spa-inspired soaking tub, cozy gas fireplace, spacious walk-in closet, and a thoughtfully designed second bedroom featuring a built-in office and additional storage. Entertain with ease thanks to the wine fridge and enjoy indoor-outdoor living on the oversized private balcony. Elegant plantation shutters throughout add warmth and timeless style. Perched above downtown, Discovery is a landmark community in the highly desirable Cortez Hill—known for its peaceful atmosphere while remaining just minutes from the energy of the city. You’re only a short walk to Little Italy and Balboa Park, offering the perfect balance of urban convenience and neighborhood charm. Residents enjoy a full suite of resort-style amenities, including a 24-hour attended lobby, on-site management, fitness center, business and conference facilities, and a beautifully designed entertainment lounge. The elevated 10th-floor amenity deck features a heated lap pool, spa, BBQ areas, sauna, and steam rooms with full locker facilities. Secure gated parking, video surveillance, bicycle storage, and a private storage cage add everyday convenience and peace of mind. HOA dues include water, gas, and internet. Additionally, Cortez Hill residents benefit from the City’s highly affordable “F” permit parking program, offering convenient street parking for approximately $15 per year.

Mortgage Calculator

Est. Monthly Payment

$5,359

Principal & Interest$3,282
Property Tax$649
Insurance$189
HOA$1,239
%($129,800)
%

Investment Score

0D
Est. Monthly Rent
$3,456
Monthly Cashflow

Rent − PITIA

$-1,903
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,238

Mortgage (P+I)
$3,282
Cap Rate
0.08%
Cash-on-Cash
-29.94%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.64
Break-even Rent
$7,662

NOI (Annual)
$519
Price-to-Rent

Lower = better for investors

15.6

* 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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