850 State St
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850 State St #420

D

San Diego, CA 92101

$725,000
NEW — 5d

Beds

2

Baths

2

Sqft

1,282

Year Built

1985

Days on Market

5

Property Type

Condo

HOA/mo

$948

MLS ID

260008823SD

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

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About This Property

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 ample 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.

Mortgage Calculator

Est. Monthly Payment

$5,550

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

Location

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Investment Score

29D
Est. Monthly Rent
$3,978
Monthly Cashflow

Rent − PITIA

$-1,572
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,091

Mortgage (P+I)
$3,666
Cap Rate
0.95%
Cash-on-Cash
-25.58%
DSCR

Need ≥ 1.25 for DSCR loan

0.72
Break-even Rent
$7,992

NOI (Annual)
$6,899
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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