
San Diego, California 92101
This 3-bedroom corner unit in the Discovery building represents a High-Potential Investment Opportunity, listed at $895,000—positioned above the $775,085 Fair Market Value. While priced at a premium, the property offers a proven $7,000/month rental history and a rare 3-bedroom layout in downtown San Diego. Featuring a Fair Condition Rating with original finishes, the unit provides immediate, hassle-free ROI for Buy-and-Hold Investors or Corporate Housing Providers seeking a turnkey asset with resort-style amenities, including a lap pool and 24-hour concierge.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 850 Beech 511 Subject | $839,900* List Price | 3 | 2 | 1,285 | $596 | - |
A 425 W Beech Street 403 Sold | $615,000 | 2 | 2 | 1,071 | $574 | 0.6 mi |
B 1480 Broadway Sold | $634,900 | 3 | 2 | 1,338 | $475 | 0.5 mi |
C 2330 First Avenue 407 Sold | $875,000 | 2 | 2 | 1,092 | $801 | 0.7 mi |
D 300 W Beech 1908 Sold | $935,000 | 2 | 2 | 1,132 | $826 | 0.5 mi |
E 850 Beech Street 808 Sold | $739,000 | 2 | 2 | 1,266 | $584 | - |
F 1441 9th Avenue 803 Sold | $915,000 | 2 | 2 | 1,451 | $631 | 0.1 mi |
G 1080 Park Blvd 1315 Sold | $675,000 | 2 | 2 | 1,422 | $475 | 0.4 mi |
H 1514 7th Avenue 306 Sold | $639,000 | 3 | 2 | 1,348 | $474 | 0.1 mi |
I 889 Date Street 144 Active | $634,900 List Price | 2 | 2 | 1,175 | $540 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the property is 23 years old, placing it in the 'Fair' category. While the unit is well-maintained and marketed as turn-key, the kitchen cabinetry and overall finishes are dated and original to the construction, likely requiring cosmetic updates to align with modern luxury standards.
Unlike the standard 2-bedroom inventory prevalent in downtown San Diego, this 1,285 sq ft corner unit offers a rare 3-bedroom layout that significantly increases its appeal to families and corporate tenants.
The property is a turn-key asset with a verified $7,000/month furnished rental history, offering immediate high-yield ROI and hassle-free management for savvy investors.
Residents benefit from a resort-style living experience including 24-hour concierge services, a 10th-floor lap pool with panoramic views, and a full fitness center in the desirable Cortez Hill neighborhood.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The association fee of $1,274 per month is quite high, which may impact the net cash flow for investors and increase the overall monthly carrying costs for primary residents.
Constructed in 2003, the property may require interior modernizations or face upcoming capital improvement projects to remain competitive with the newer luxury high-rises in the area.
Experience uncompromised peace of mind, ultimate privacy, and resort-style living at The Discovery in Cortez Hill. High-rise living in downtown San Diego is at its absolute finest when backed by a dedicated 24/7 front desk security guard and concierge team—ensuring total access control so guests cannot simply walk into the building unannounced. Adding to the incredible strength of this HOA, your monthly dues deliver incredible value by covering gas, water, high-speed Wi-Fi/internet, sewer, and trash pickup—meaning your only utility responsibility is electricity! Residents enjoy a premier suite of luxury amenities, including a 10th-floor rooftop lap pool and hot tub with panoramic skyline views, a fully equipped fitness center, sauna, steam room, and a social lounge. Hosted building events throughout the year foster a warm, welcoming community feel. Positioned on the desirable 5th floor, Unit 511 is a rare 3-bedroom southwest corner home featuring an expansive great room framed by dramatic floor-to-ceiling windows, soaring 10-foot ceilings, a cozy fireplace, and commanding mountain and city views. Unlike the standard 2-bedroom inventory flooding the market, this spacious 1,285 sq ft floor plan provides the versatile space modern buyers demand—making it ideal for remote executives, corporate tenants, or families alike. The fully equipped kitchen with breakfast bar seating flows seamlessly into the living spaces and out onto an oversized private terrace, perfect for outdoor dining, lounging, and a BBQ. Complete with two secure parking spaces and available fully furnished, this rare corner home presents an exceptional plug-and-play opportunity for a primary residence or a turn-key asset. Nestled in Cortez Hill—downtown’s most peaceful, elevated neighborhood pocket—you are just minutes from Little Italy, Balboa Park, and the waterfront.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,285 | 1,002.307 |
| Lot Size | 40,075.199 | 75,574.68 |
| Price | $839.9K | $596.0K |
| Price per sq ft | $654 | $612 |
| Built year | 2003 | 1985 |
| HOA | $1274.0 | $529 |
| Days on market | 90 | 55 |
Sep 2, 2026
$839,900
$849,000
-1% Price Drop
Initial Listing
Aug 7, 2026
$849,000
$860,000
-1% Price Drop
Initial Listing
Jul 21, 2026
$860,000
$895,000
-4% Price Drop
Initial Listing
Jun 11, 2026
$895,000
Initial Listing
Mar 16, 2021
$735,000
Public Record
Oct 20, 2010
$370,000
Public Record
Nov 1, 2004
$821,000
Public Record
Jul 25, 2002
$451,000
Public Record