850 State #424
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 6, 2026.
No unit in this 58-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: -$2,617/mo full cashflow at 20% down, 7.43% rate.
Works at $139,144 (71% under asking), or at 99% down.
Rent $2,530/mo from 3 leases in this building (±1 bed) ($2,502–$2,783).
Beds
1
Baths
1
Sqft
666
Year Built
1985
Days on Market
2
Property Type
Condo
HOA/mo
$879
MLS ID
260026041SD
This property is in San Diego (92101). View neighborhood stats →
About This Property
Situated in the prestigious Marina District, this top floor residence combines privacy and natural light with an open-concept layout. Featuring an updated kitchen, bathroom, newer flooring, in-unit laundry. Marina Park is a rare Downtown sanctuary offering mature landscaped grounds and direct proximity to Pantoja Park. Premium amenities include: 24-hour security for your peace of mind, gated access, 2 resort-style pools and spas, fitness center, and a recreation room. This condo delivers the ultimate downtown lifestyle. Ideally positioned just steps from the Gaslamp Quarter, Seaport Village, Petco Stadium, and so much more. This location is hard to beat! Sitting in Downtown's premier waterfront neighborhood, it’s within easy walking distance of the Embarcadero, Seaport Village, the San Diego Bay, grocery stores, public transportation, everyday services and a variety of restaurants and entertainment. It also sits conveniently close to Little Italy and the Gaslamp Quarter. Spend your afternoons at Seaport Village and the waterfront, dine out in the vibrant Little Italy, enjoy the night life of the Gaslamp, or relax in the peaceful green space of historic Pantoja Park. Marina Park is perfectly positioned for both convenience and lifestyle, this location puts the very best of Downtown San Diego within easy reach.
Mortgage Calculator
Est. Monthly Payment
$4,165
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
$2,530
Comp Average
$2,769
1944 State
1bd / 1ba · 676 sqft · Condo
$540K
Est. $3,067/mo
889 Date Street
1bd / 1ba · 671 sqft · Condo
$429K
Est. $2,686/mo
908 G St
1bd / 1ba · 660 sqft · Condo
$500K
Est. $2,734/mo
530 K St
1bd / 1ba · 648 sqft · Condo
$450K
Est. $2,543/mo
425 Beech Street
1bd / 1ba · 655 sqft · Condo
$479K
Est. $2,817/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
3 leases in this building (±1 bed) · $2,502–$2,783
Thin data: only 3 leases behind this number.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,617/mo short at 20% down; 99% down or +$3,398/mo rent closes it.
- Break-even price
- $139,144
- Break-even rent
- $5,928/mo
- Cashflow at 35% down
- −$2,117/mo
- Down payment to break even
- 99%
- Rate to break even
- Not reachable
71% under asking
$3,398/mo above the estimate
$475,101 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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