850 State St. San Diego

850 State St. San Diego

D

, CA 92101

$725,000

Beds

2

Baths

2

Sqft

1,282

Year Built

1985

Days on Market

27

Property Type

Condo

HOA/mo

$948

MLS ID

260002688SD

View on MLS

Description

Welcome to elevated urban living at Marina Park, a spacious 2-bedroom, 2-bath residence in the heart of Downtown San Diego’s most walkable pocket. This thoughtfully designed home features a desirable split-bedroom floor plan, with each bedroom positioned on opposite sides of the unit — ideal for privacy, guests, roommates, or a home office setup. The bright, open living space flows seamlessly into a private balcony with city skyline views, giving you the perfect spot to unwind while taking in the energy of downtown. The updated kitchen shines with stainless steel appliances, sleek cabinetry, and generous counter space, opening directly to the main living and dining areas — perfect for entertaining. A cozy fireplace adds warmth and character, while the in-unit washer and dryer provide everyday convenience. The primary suite offers great storage, and both bathrooms feature clean, modern finishes. Additional highlights include built-ins and functional storage throughout. Location is everything — and this one delivers. Situated next door to Pantoja Park, you have green space right outside your door, while the waterfront at Seaport Village, major events at the San Diego Convention Center, and the dining and nightlife of the Gaslamp Quarter are all just moments away. Residents also enjoy resort-style amenities including a pool, spa, fitness center, and sauna, making it easy to relax and recharge without ever leaving home. Whether you’re looking for a full-time residence, downtown retreat, or investment opportunity, this home combines space, layout, views, amenities, and

Mortgage Calculator

Est. Monthly Payment

$5,550

Principal & Interest$3,666
Property Tax$725
Insurance$211
HOA$948
%($145,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$2,276
Monthly Cashflow

Rent − PITI − HOA

$-3,274
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,402

Mortgage (P+I)
$3,666
Cap Rate
-1.22%
Cash-on-Cash
-27.10%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.62
Break-even Rent
$5,550

NOI (Annual)
$-8,828
Price-to-Rent

Lower = better for investors

26.5

* Defaults: 20% down, 6.5% rate, 30yr.

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