10875 Camino Ruiz 50, San Diego, California 92126, San Diego, 92126 - 1 bed, 1 bath

10875 Camino Ruiz 50, San Diego, California 92126 home-pic-0
ACTIVE$399,000
10875 Camino Ruiz 50, San Diego, California 92126
1Bed
1Bath
662Sqft
181,833Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Ericson Elementary School (9/10). High School: Mira Mesa High School (9/10).
Top Cons:
Extensive Renovation Required: Explicitly marketed as a 'fixer condo' needing a 'full cosmetic remodel,' indicating a substantial upfront investment in time and money for upgrades.

Compared to the nearby listings

Price:$399.0K vs avg $537.5K ($-138,500)9%
Size:662 sqft vs avg 875 sqft21%
Price/sqft:$603 vs avg $62941%

More Insights

Built in 1983 (42 years old).
Condition: This 1983-built condo is explicitly marketed as a 'fixer condo' requiring a 'full cosmetic remodel,' which aligns with the 'Fair' condition category. The kitchen features original-style wooden cabinets, dated white laminate countertops, older black appliances (except for a newer-looking dishwasher), and a very outdated fluorescent light fixture. Flooring consists of worn carpet and dated vinyl. The property utilizes a less efficient wall A/C unit. While it needs significant cosmetic updates to modernize, there are no indications of structural defects or safety concerns that would classify it as 'Poor.' Major components appear functional but are clearly outdated.
Year Built
1983
Close
-
List price
$399K
Original List price
$420K
Price/Sqft
$603
HOA
$424.8
Days on market
-
Sold On
-
MLS number
250040623SD
Home ConditionFair
Features
Good View:
Deck
Pool
View-

About this home

Bring your vision and unlock the potential of this light-filled 1 bedroom, 1 bath fixer condo in the heart of Mira Mesa. Located on the top floor of the well-maintained Casa New Salem community with lush landscaping and a sparkling pool, this corner unit offers the perfect canvas for a full cosmetic remodel. Inside, you’ll find a spacious living room, large bedroom, an oversized bathroom, generous storage, and a galley-style kitchen with natural light pouring in. Open the large sliding door and enjoy indoor/outdoor living with your private balcony that includes a patio closet with in-unit laundry. A wall A/C unit, one assigned parking spot, and no neighbors above add to the appeal. Whether you’re an owner looking to design your own space, or an investor ready to add value with sweat equity, this condo is a rare opportunity. Remodeled units in this community have recently sold for ~$490,000, making the $420,000 list price an excellent entry point with built-in upside. (8358 New Salem #28 sold for $489,000 and 8438 New Salem #83 sold for $491,000.) With its prime Mira Mesa location close to shops, restaurants, parks, schools, and freeways, the potential here is clear—bring your ideas, bring your contractor and make it your own.

Nearby schools

9/10
Ericson Elementary School
Public,K-50.8mi
7/10
Wangenheim Middle School
Public,6-81.3mi
9/10
Mira Mesa High School
Public,9-120.6mi

Price History

Date
Event
Price
09/30/94
Sold
$72,000
11/10/10
Sold
$120,000
01/31/07
Sold
$192,000
09/24/04
Sold
$274,000
Condition Rating
Fair

This 1983-built condo is explicitly marketed as a 'fixer condo' requiring a 'full cosmetic remodel,' which aligns with the 'Fair' condition category. The kitchen features original-style wooden cabinets, dated white laminate countertops, older black appliances (except for a newer-looking dishwasher), and a very outdated fluorescent light fixture. Flooring consists of worn carpet and dated vinyl. The property utilizes a less efficient wall A/C unit. While it needs significant cosmetic updates to modernize, there are no indications of structural defects or safety concerns that would classify it as 'Poor.' Major components appear functional but are clearly outdated.
Pros & Cons

Pros

Great Schools: Elementary School: Ericson Elementary School (9/10). High School: Mira Mesa High School (9/10).
Strong Investment Potential: Listed at $399,000, this condo offers significant built-in upside, with comparable remodeled units in the community recently selling for approximately $490,000.
Prime Mira Mesa Location: Situated in a highly desirable area of Mira Mesa, providing convenient access to shops, restaurants, parks, highly-rated schools, and major freeways.
Desirable Unit Placement & Privacy: As a top-floor, corner unit with no neighbors above, it offers enhanced privacy, abundant natural light, and reduced noise.
Community Amenities & Practical Features: Part of a well-maintained community with lush landscaping and a sparkling pool, the unit also includes in-unit laundry, a private balcony, and one assigned parking spot.
Spacious Layout & Natural Light: Features a spacious living room, large bedroom, oversized bathroom, generous storage, and is described as 'light-filled' with natural light in the kitchen.

Cons

Extensive Renovation Required: Explicitly marketed as a 'fixer condo' needing a 'full cosmetic remodel,' indicating a substantial upfront investment in time and money for upgrades.
High Monthly Association Fee: The $424.80 monthly association fee is a significant recurring cost, which can impact affordability and overall return on investment, especially for a unit requiring further capital expenditure.
Older Building & Systems: Built in 1983, the property is over 40 years old, suggesting potential for outdated systems and finishes that contribute to the need for a full remodel, including a less efficient wall A/C unit.

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