850 Beech Street
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850 Beech Street #511

C

San Diego, CA 92101

$895,000
NEW — 0d

Soft Appraisal Value: $885,800 · 1.0% above estimate

Beds

3

Baths

2

Sqft

1,285

Year Built

2003

Days on Market

0

Property Type

Condo

HOA/mo

$1,274

MLS ID

NDP2605592

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

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About This Property

A premier investment asset or turn-key primary residence, this rare 3-bedroom corner home in Cortez Hill boasts a proven $7,000/month furnished rental history, includes two secure parking spaces, and is available fully furnished. This presents an exceptional, high-yield opportunity for out-of-state buyers and savvy investors looking for immediate, hassle-free ROI in downtown San Diego. Welcome to the building's most desirable southeast corner layout. Positioned on the 5th floor of the prestigious 'Discovery' building, Unit 511 features an expansive great room framed by dramatic floor-to-ceiling windows, 10-foot ceilings, a cozy fireplace, and commanding mountain and city views. Unlike the standard, dense 2-bedroom inventory flooding the market, this spacious 1,285 sq ft, 3-bedroom configuration completely outpaces the competition—making it a magnet for remote executives, corporate tenants, and families alike. The fully equipped kitchen with breakfast bar seating flows seamlessly into the living spaces and out onto an oversized private terrace, perfect for outdoor dining, lounging, and a BBQ. Living at The Discovery offers a true resort experience with 24-hour concierge services and unmatched amenities, including a 10th-floor lap pool and hot tub with panoramic views, a full gym, sauna, steam room, and a vibrant social lounge. Several building events throughout the year create a welcoming, strong sense of community that keeps tenants staying longer. Situated in Cortez Hill—downtown’s most peaceful, elevated neighborhood pocket—you are just minutes from Little Italy, Balboa Park, and the waterfront. This property represents the ultimate blend of plug-and-play convenience, verified luxury income, and blue-chip San Diego real estate.

Mortgage Calculator

Est. Monthly Payment

$6,956

Principal & Interest$4,526
Property Tax$895
Insurance$261
HOA$1,274
%($179,000)
%

Location

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Investment Score

19D
Est. Monthly Rent
$4,902
Monthly Cashflow

Rent − PITIA

$-2,054
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,927

Mortgage (P+I)
$4,526
Cap Rate
0.80%
Cash-on-Cash
-26.33%
DSCR

Need ≥ 1.25 for DSCR loan

0.70
Break-even Rent
$10,002

NOI (Annual)
$7,184
Price-to-Rent

Lower = better for investors

15.2

* 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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