2048-50 Diamond Street

San Diego, CA 92109

$2,220,000
Last Sold Price
7
Beds
15
Baths
2,568 Sq. Ft.
$864 / Sq. Ft.
2,568
Sq. Ft.
$864
per Sq. Ft.

Description

Highly upgraded 3-unit property in the heart of Pacific Beach with a current annual income of $158,100. Rarely available SINGLE LEVEL tri-plex on the coast within walking distance to the beach, bay, dining, shops, and more! Beautiful units ALL WITH THEIR OWN PRIVATE-GATED YARDS, new kitchens, baths, windows, doors, flooring, designer paint, lighting, and off-street parking for 4 + cars. Incredible investment opportunity with $13,175 a month rental income at $158,100 a year. The front detached house...Highly upgraded 3-unit property in the heart of Pacific Beach with a current annual income of $158,100. Rarely available SINGLE LEVEL tri-plex on the coast within walking distance to the beach, bay, dining, shops, and more! Beautiful units ALL WITH THEIR OWN PRIVATE-GATED YARDS, new kitchens, baths, windows, doors, flooring, designer paint, lighting, and off-street parking for 4 + cars. Incredible investment opportunity with $13,175 a month rental income at $158,100 a year. The front detached house at 2050 Diamond offers 3/2 luxury living (rented at $5225 a month) + attached furnished studio (rented at $3200 a month) + back detached home 2048 Diamond with 3/2 living (rented at $4750 a month)! This is a GEM of a property - a perfectly positioned investment for the most discriminating buyer.

Listing Agents

  1. Kurtney Noonan

    Kurtney Noonan

    Listing Agent

    Compass

    DRE #01315797

  2. Erin Johnson

    Erin Johnson

    Alternative Listing Agent

    Compass

    DRE #02031813

Property Details for 2048-50 Diamond Street

View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
None
Total Units
3.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
2568

Location

Listing Courtesy of Compass, Kurtney Noonan, DRE #01315797; Compass, Erin Johnson, DRE #02031813

Sold By PROPR Real Estate Inc., Jeremy Dentt, DRE #01476724

Add your commute
LISTING UPDATED: 08/30/2023 10:52 AM

Property Details for 2048-50 Diamond Street

StatusClosed
MLS #NDP2304074
Days on Market77
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.14 AC / 6,250 SF
CountySan Diego County

Location

Listing Courtesy of Compass, Kurtney Noonan, DRE #01315797; Compass, Erin Johnson, DRE #02031813

Sold By PROPR Real Estate Inc., Jeremy Dentt, DRE #01476724

Add your commute

Building Information for 2048-50 Diamond Street

Stories1Residences-Year Built1957Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$12,115 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,115

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2048-50 Diamond Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $158,100
  • Gross Scheduled Income: $158,100
  • Net Operating Income: $0
  • Cap Rate: 5.5
  • Financing: Cash
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $0
  • Gardener Expense: $150
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,217
  • Other Expense: $45
  • Other Expense Description: Security
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $2,412
Tax / Assessment Info
  • Tax Tract Number: 000791
  • Tax Lot: 4164602100
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks, Biking, Dog Park, Park
  • Number Of Units In Community: 3
Property / Structure Info
Interior Features
  • Appliances: Freezer, Refrigerator
  • Equipment: Freezer, Inside, Refrigerator
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Electric
  • Heating: Electric
Exterior Features
  • Entry Location: Front
  • Fence: No
  • View Description: None
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Front Yard
  • Lease Considered: No
  • Number Of Units: 3
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: No
  • Levels: One
  • Water: Private
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,225
  • Unit Type Total Rent: $5,225
  • Unit Type Pro Forma: 158100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,750
  • Unit Type Total Rent: $4,750
  • Unit Type Pro Forma: 158100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 158100
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 2048-50 Diamond Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2048-50 Diamond Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Sessions Elementary School
PublicK to 5

Pacific Beach Middle School
Public6 to 8

Mission Bay High School
Public9 to 12

Barnard Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kurtney Noonan, DRE #01315797; Compass, Erin Johnson, DRE #02031813

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