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1855 Diamond St 232, San Diego, California 92109, San Diego, 92109 - 1 bed, 1 bath

1855 Diamond St 232, San Diego, California 92109 home-pic-0
ACTIVE$470,000$678/sqft
1855 Diamond St 232, San Diego, California 92109
1Bed
1Bath
678Sqft
428,219Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location: Situated in prime Pacific Beach, just minutes from both the bay and the beach, offering highly desirable coastal living in one of San Diego's most sought-after neighborhoods.
Top Cons:
High Monthly Association Fee: The association fee of $802.48 per month is substantial for a one-bedroom unit, impacting overall affordability and cash flow for investors.

Compared to the nearby listings

Price:$470.0K vs avg $872.5K ($-402,500)9%
Size:678 sqft vs avg 954 sqft24%
Price/sqft:$693 vs avg $89815%

More Insights

Built in 1975 (51 years old).
Condition: Built in 1975, this property has undergone significant functional updates including dual-pane windows and doors, new plumbing, a new toilet, and a new electrical panel with upgraded wiring. These major system renovations make the unit move-in ready and address common issues in older buildings. While the kitchen features older white appliances and dated cabinet/countertop styles, and the bathroom vanity is not modern, both areas are clean and fully functional. The overall condition, supported by the substantial system upgrades and well-maintained community amenities, places it firmly in the 'Good' category, requiring no immediate renovations for functionality, though cosmetic updates might be desired by a new owner.
Year Built
1975
Close
-
List price
$470K
Original List price
$470K
Price/Sqft
$693
HOA
$802.48
Days on market
-
Sold On
-
MLS number
2601273SD
Home ConditionGood
Features
Good View: Bay, City Lights, Pool
Deck
Pool
Spa
ViewBay,City Lights,Pool

About this home

Welcome to one of the best-value one-bedroom homes in prime Pacific Beach. This spacious residence is the largest one-bedroom floor plan in the community, offering an incredible opportunity to own top-tier PB real estate at an approachable price point. With only one shared wall and a peaceful pool view, this single-story, elevator-accessible home is thoughtfully updated with dual-pane windows and doors, new plumbing, a new toilet, and a new electrical panel with upgraded wiring—a major upgrade not found in all units. The community delivers true resort-style living, featuring multiple pools, a hot tub, tennis courts, billiards room, movie theater, library, onsite security services/attendant available and more. Whether you’re looking for a primary residence, a low-maintenance alternative to a retirement community, or a flexible second home, this property offers comfort, convenience, and lifestyle. Located just minutes from both the bay and the beach, you’ll enjoy the best of coastal living in one of San Diego’s most sought-after neighborhoods. Mid-term rentals are allowed (rental must be a minimum of 31 days per HOA), and the complex is FHA and VA approved, expanding financing options for buyers. A rare combination of size, upgrades, amenities, and location—this is Pacific Beach living done right!

K
Katie Gouletas
Listing Agent

Nearby schools

7/10
Crown Point Jr Music Academy
Public,•K-5•0.7mi
6/10
Pacific Beach Middle School
Public,•6-8•0.3mi
6/10
Mission Bay High School
Public,•9-12•0.7mi

Price History

Date
Event
Price
07/02/01
Sold
$167,000
05/20/99
Sold
$104,500
07/27/22
Sold
$505,000
04/08/20
Sold
$367,500
11/05/10
Sold
$210,000
12/30/05
Sold
$275,000
Condition Rating
Good
Built in 1975, this property has undergone significant functional updates including dual-pane windows and doors, new plumbing, a new toilet, and a new electrical panel with upgraded wiring. These major system renovations make the unit move-in ready and address common issues in older buildings. While the kitchen features older white appliances and dated cabinet/countertop styles, and the bathroom vanity is not modern, both areas are clean and fully functional. The overall condition, supported by the substantial system upgrades and well-maintained community amenities, places it firmly in the 'Good' category, requiring no immediate renovations for functionality, though cosmetic updates might be desired by a new owner.
Pros & Cons

Pros

Prime Coastal Location: Situated in prime Pacific Beach, just minutes from both the bay and the beach, offering highly desirable coastal living in one of San Diego's most sought-after neighborhoods.
Extensive Resort-Style Amenities: The community provides true resort-style living with multiple pools, a hot tub, tennis courts, billiards room, movie theater, library, and onsite security services/attendant.
Significant Unit Upgrades: The unit features thoughtful updates including dual-pane windows and doors, new plumbing, a new toilet, and a new electrical panel with upgraded wiring, reducing immediate maintenance concerns.
Flexible Financing & Rental Potential: The complex is FHA and VA approved, expanding financing options, and allows mid-term rentals (minimum 31 days), offering investment flexibility.
Spacious 1-Bedroom Floor Plan: This is the largest one-bedroom floor plan in the community, providing more living space compared to other one-bedroom units.

Cons

High Monthly Association Fee: The association fee of $802.48 per month is substantial for a one-bedroom unit, impacting overall affordability and cash flow for investors.
Building Age: Built in 1975, the building's age, despite unit-specific upgrades, may imply potential for future common area assessments or maintenance related to older infrastructure.
Mid-Term Rental Restriction: While rentals are allowed, the minimum 31-day requirement restricts the property from being used for more lucrative short-term vacation rentals, which could limit investor appeal.
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