1855 Diamond St 5-232, San Diego, California 92109, San Diego, 92109 - 1 bed, 1 bath
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San Diego, California 92109
This Spacious Condominium is a Strong Value Opportunity, listed at $399,000—positioned well below the $417,296 Fair Market Value by 4%. This valuation gap offers $18,296 in Instant Equity for the buyer. Featuring a Good Condition Rating with significant infrastructure upgrades like new plumbing and electrical, this home offers resort-style amenities including pools and tennis courts. Located near top-rated schools, it is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1855 Diamond St 5-232 Subject | $399,000* List Price | 1 | 1 | 678 | $615 | - |
A 1775 Diamond Street 201 Sold | $394,000 | 1 | 1 | 653 | $603 | 0.0 mi |
B 1801 Diamond St Sold | $500,000 | 1 | 1 | 678 | $737 | 0.0 mi |
C 1885 Diamond St 235 Sold | $370,000 | 1 | 1 | 653 | $567 | 0.0 mi |
D 1855 Diamond St 201 Sold | $400,000 | 1 | 1 | 653 | $613 | 0.0 mi |
E 4600 Lamont St 102 Sold | $425,000 | 1 | 1 | 653 | $651 | 0.0 mi |
F 1885 Diamond Street 329 Sold | $451,000 | 1 | 1 | 653 | $691 | 0.0 mi |
G 4600 Lamont Street 226 Active | $450,000 List Price | 1 | 1 | 653 | $689 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1975, the unit is rated Good due to critical system updates including a new electrical panel with upgraded wiring and new plumbing. The addition of dual-pane windows and its move-in ready, fully-furnished status exceeds the 'Fair' category, despite the original age of the structure.
Positioned in the heart of Pacific Beach, this property offers the largest one-bedroom floor plan in the community at a highly competitive sub-$400,000 price point, providing excellent entry-level value for the area.
Unlike many units in older complexes, this home features a new electrical panel with upgraded wiring, new plumbing, and dual-pane windows and doors, reducing immediate capital expenditure for the buyer.
The complex provides an extensive amenity package including multiple pools, tennis courts, a movie theater, and onsite security, while also being VA-approved and allowing mid-term rentals of 31+ days.
The association fee of approximately $802 per month is substantial for a one-bedroom condo, which significantly increases the total monthly carrying costs and may impact buyer affordability.
Built in 1975, the property is nearly 50 years old, which can lead to higher long-term maintenance needs for the common areas and structural components compared to newer developments.
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 fully-furnished 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 VA approved, expanding financing options for buyers. A rare combination of size, upgrades, amenities, and location—this is Pacific Beach living done right!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 30% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 678 | 984.5 | 22% |
| Lot Size | 428,219 | 1,089.185 | 92% |
| Price | $399.0K | $899.5K | 4% |
| Price per sq ft | $588 | $869 | 3% |
| Built year | 1975 | 1975 | 50% |
| HOA | $802.48 | $506 | 80% |
| Days on market | 14 | 140 | 11% |
Jun 2, 2026
$399,000
Initial Listing
Jul 27, 2022
$505,000
Public Record
Apr 8, 2020
$367,500
Public Record
Nov 5, 2010
$210,000
Public Record
Dec 30, 2005
$275,000
Public Record
Jul 2, 2001
$167,000
Public Record
May 20, 1999
$104,500
Public Record