850 State #117
Ctop 80%San Diego, CA 92101
112 licensed short-term rentals within ½ mile (97 whole home), from the cities' license and permit lists of Nov 10, 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: -$3,537/mo full cashflow at 20% down, 7.43% rate.
Works at $228,415 (67% under asking), or at 94% down.
Rent $3,510/mo from 3 leases in this building ($3,472–$3,861).
Beds
2
Baths
2
Sqft
1,282
Year Built
1985
Days on Market
109
Property Type
Condo
HOA/mo
$948
MLS ID
260018209SD
This property is in San Diego (92101). View neighborhood stats →
About This Property
Discover an exceptional opportunity in the prestigious Marina Park community, nestled in the heart of Downtown San Diego's coveted Marina District. This desirable ground-floor residence offers a highly sought-after dual primary bedroom floor plan, creating the perfect balance of comfort, privacy, and flexibility. The beautifully appointed kitchen showcases granite countertops, and generous cabinetry, flowing seamlessly into the inviting living spaces. Step outside to your spacious covered patio overlooking the lush, tranquil courtyard. Marina Park offers resort-inspired amenities including 24-hour security, two pools and spas, fitness center, clubhouse, library, guest parking, and meticulously landscaped grounds. Ideally located adjacent to historic Pantoja Park, perfect for a quick walk with your dog. The vibrant Gaslamp Quarter is just a short walk away, but far enough that Marina Park is still calm and tranquil.
Mortgage Calculator
Est. Monthly Payment
$5,666
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.
Comparable Properties
5 comps foundThis Property
$3,510
Comp Average
$4,329
1240 India St.
2bd / 2ba · 1,253 sqft · Condo
$789K
Est. $4,944/mo
San Diego
2bd / 2ba · 1,282 sqft · Condo
$750K
Est. $4,731/mo
645 Front Street
2bd / 2ba · 1,259 sqft · Condo
$800K
Est. $4,962/mo
850 State St.
2bd / 2ba · 1,282 sqft · Condo
$754K
Est. $3,510/mo
850 State Street
2bd / 2ba · 1,275 sqft · Condo
$875K
Est. $3,500/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
3 leases in this building · $3,472–$3,861
Thin data: only 3 leases behind this number.
A property-level estimate runs more than 25% above what comparable homes leased for ($3,510). Treat this rent with extra care.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,537/mo short at 20% down; 94% down or +$4,594/mo rent closes it.
- Break-even price
- $228,415
- Break-even rent
- $8,104/mo
- Cashflow at 35% down
- −$2,819/mo
- Down payment to break even
- 94%
- Rate to break even
- Not reachable
67% under asking
$4,594/mo above the estimate
$647,660 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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