850 State St.

850 State St.

Ctop 80%

San Diego, CA 92101

$754,000
NEW — 0d
STR: check · no permits in this complex · TOT 13.75%

119 licensed short-term rentals within ½ mile (105 whole home), from the cities' license and permit lists of Nov 10, 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: -$4,036/mo full cashflow at 20% down, 7.43% rate.

Works at $228,415 (70% under asking), or at 98% 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

0

Property Type

Condo

HOA/mo

$948

MLS ID

PTP2608306

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

Virtual Tour

About This Property

Ideally situated in the Marina District, Marina Park was built as a planned low-density community right next to the historic Pantoja Park, with a sense of tranquility and ease throughout the complex. Fountains, water features, lush landscaping and wide pathways create the sense of a peaceful oasis. The unit we have for offer is in an ideal location within the complex. Bright and open, this two bedroom/two bath home, offers two private suites with full baths. Both suites have views of the skyline with large floor to ceiling windows on one side, and glass door patio access on the other. The living room and dining room are also open to the patio with pool, courtyard and horizon views. Additional features comprise of a gas fireplace, a counter bar to the kitchen, hardwood floors throughout, and a newer furnace make for a and an open and inviting space living space. Some of the many complex amenities include: two pools with jacuzzi, gym, sauna, library, 24-hour security, dedicated mail room, lobby lounge and an additional courtyard lounge area. For parking, the unit has two side by side parking spots, community EV charging, and abundant guest parking. (36 spots) Walk to Ralphs, Whole Foods, Little Italy, the Gaslamp, and Sea Port Village, as well as a host of first-tier restaurants and shops. The Marina District, and especially the Marina Park complex, are in an absolutely fantastic neighborhood that offers convenience, lifestyle, and immediate access to some of the best attractions in San Diego.

Mortgage Calculator

Est. Monthly Payment

$6,111

Principal & Interest$4,189
Property Tax$754
Insurance$220
HOA$948
%($150,800)
%
Loan Term

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.

Investment Score

15C
Est. Monthly Rent
$3,510

3 leases in this building · $3,472–$3,861

Thin data: only 3 leases behind this number.

Monthly Cashflow

Rent − PITIA

-$2,601
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,036

What would make this work?

$4,036/mo short at 20% down; 98% down or +$5,242/mo rent closes it.

Break-even price

70% under asking

$228,415
Break-even rent

$5,242/mo above the estimate

$8,752/mo
Cashflow at 35% down
−$3,251/mo
Down payment to break even

$738,920 cash

98%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$4,189
Cap Rate
0.52%
Cash-on-Cash
-32.12%
DSCR

Need ≥ 1.25 for DSCR loan

0.57

NOI (Annual)
$3,934
Price-to-Rent

Lower = better for investors

17.9

* 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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CCashflow−$4,036/mo