850 Beech 511, San Diego, California 92101, San Diego, 92101 - 3 bed, 2 bath
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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 | $860,000* List Price | 3 | 2 | 1,285 | $637 | - |
A 1480 Broadway Sold | $634,900 | 3 | 2 | 1,338 | $475 | 0.5 mi |
B 2330 1st Ave 405 Sold | $925,000 | 3 | 2 | 1,315 | $703 | 0.7 mi |
C 1400 Broadway 1505 Sold | $660,000 | 3 | 2 | 1,215 | $543 | 0.5 mi |
D 2330 First Avenue 407 Sold | $875,000 | 2 | 2 | 1,092 | $801 | 0.7 mi |
E 850 Beech Street 808 Sold | $739,000 | 2 | 2 | 1,266 | $584 | - |
F 1441 9th Avenue 607 Sold | $699,900 | 2 | 2 | 1,241 | $564 | 0.1 mi |
G 1441 9th Avenue 901 Sold | $850,000 | 2 | 2 | 1,235 | $688 | 0.1 mi |
H 800 The Mark 710 Sold | $895,000 | 2 | 2 | 1,214 | $737 | 0.7 mi |
I 801 Ash St 203 Active | $615,000 List Price | 2 | 2 | 1,254 | $490 | 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.
A premier investment asset or turn-key primary residence, this rare TRUE 3-bedroom corner home in Cortez Hill boasts a proven $7,000/month furnished rental history, includes two secure parking spaces. This presents an exceptional, high-yield opportunity for out-of-state buyers and savvy investors looking for immediate, hassle-free ROI in downtown San Diego. Welcome to the building's most desirable southeast corner layout. Positioned on the 5th floor of the prestigious 'Discovery' building, Unit 511 features an expansive great room framed by dramatic floor-to-ceiling windows, 10-foot ceilings, a cozy fireplace, and commanding mountain and city views. Unlike the standard, dense 2-bedroom inventory flooding the market, this spacious 1,285 sq ft, 3-bedroom configuration completely outpaces the competition—making it a magnet for remote executives, corporate tenants, and 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. Living at The Discovery offers a true resort experience with 24-hour concierge services and unmatched amenities, including a 10th-floor lap pool and hot tub with panoramic views, a full gym, sauna, steam room, and a vibrant social lounge. Several building events throughout the year create a welcoming, strong sense of community that keeps tenants staying longer. Situated in Cortez Hill—downtown’s most peaceful, elevated neighborhood pocket—you are just minutes from Little Italy, Balboa Park, and the waterfront. This property represents the ultimate blend of plug-and-play convenience, verified luxury income, and blue-chip San Diego real estate.
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 | 999 |
| Lot Size | 40,075.199 | 84,697.5 |
| Price | $860.0K | $604.2K |
| Price per sq ft | $669 | $618 |
| Built year | 2003 | 1985 |
| HOA | $1274.0 | $500 |
| Days on market | 41 | 53 |
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