11340 Portobelo 3, San Diego, California 92124, San Diego, 92124 - 2 bed, 2 bath
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11340 Portobelo 3
San Diego, California 92124
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,226Sq Ft
0Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$700,423
SUMMARY
This Spacious Townhouse is a Strong Value Opportunity, listed at $699,000—positioned well below the $700,424 Fair Market Value by 0.2%. Featuring soaring 20-foot ceilings and serene mountain views, the property maintains a Condition Rating of 4, offering a solid foundation for cosmetic personalization. Located in the desirable Belsera community, it provides access to top-tier schools like Kumeyaay Elementary (9/10). This residence balances lifestyle comfort with financial stability, making it an ideal acquisition for Owner-Occupants or first-time buyers seeking a tranquil, well-located home.
Estimated Market Value
$700,423
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11340 Portobelo 3 Subject | $699,000* List Price | 2 | 2 | 1,226 | $571 | - |
A 11356 Camino Playa Cancun 1 Sold | $670,000 | 2 | 2 | 1,090 | $615 | 0.1 mi |
B 6231 Calle Mariselda 605 Sold | $660,000 | 2 | 3 | 1,068 | $618 | 0.9 mi |
C 11268 1/2 Portobelo Drive Sold | $825,000 | 3 | 3 | 1,528 | $540 | 0.3 mi |
D 6161 Calle Mariselda 408 Sold | $655,000 | 2 | 3 | 1,068 | $613 | 0.9 mi |
E 6231 Calle Mariselda 603 Sold | $665,000 | 2 | 3 | 1,068 | $623 | 0.9 mi |
F 6131 Calle Mariselda Active | $635,000 List Price | 2 | 3 | 1,068 | $595 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1992, the property is over 30 years old. While it features updated stainless steel appliances and appears well-maintained, the kitchen retains original oak cabinetry and white tile countertops which are dated. The property is move-in ready but requires cosmetic updates to bathrooms and kitchen to meet modern standards, fitting the criteria for a home over 20 years old needing minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kumeyaay Elementary School (9/10).
- Architectural Volume & Natural Light
The upper corner unit features soaring 20-foot vaulted ceilings and large windows, creating an exceptionally bright, airy, and spacious atmosphere rarely found in standard townhome layouts.
- Premium Community Location
Ideally positioned in one of the quietest sections of the Belsera development, the property offers serene park-like and mountain views from every room, providing a tranquil living environment.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee is $600 per month, which is relatively high for a two-bedroom unit and may impact the overall affordability and debt-to-income ratio for some buyers.
- Condition Uncertainty
Listing photos reflect the property's condition prior to the current tenant's occupancy, meaning the actual current state of the interior may require additional maintenance or cosmetic updates.
About 11340 Portobelo 3
Welcome to this abundantly light and bright upper corner townhome in the highly desirable Belsera community of Tierrasanta. Perfectly situated in one of the quietest locations within the development, this spacious two-story residence offers peaceful, park-like views from every room, creating a serene setting that is rarely available. The thoughtfully designed floor plan features two bedrooms and two full bathrooms, highlighted by soaring 20-foot vaulted ceilings and a fireplace in the living and dining room that fill the home with natural light and provide an impressive sense of space. The open kitchen, with all stainless steel appliances, offers a cozy breakfast area, making it the perfect place to enjoy your morning coffee while overlooking the lush surroundings. Additional features include an attached one-car garage, generous living spaces, and an ideal layout for both everyday living and entertaining. Residents of Belsera enjoy an exceptional array of resort-style amenities, including a community pool and spa, recreation room, playground, sand volleyball court, beautifully maintained greenbelts, walking paths, and ample guest parking. Conveniently located in the heart of Tierrasanta, this home offers easy access to shopping, dining, hiking trails, Mission Trails Regional Park, major freeways, and everything San Diego has to offer. This is a rare opportunity to own a tranquil, light-filled home in one of Tierrasanta's most sought-after communities with award winning schools. Photos in listing are from prior to current tenant occupying the property
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1992
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $600.0 / Month
Neighborhood Insights
San Diego Unified Schools
Kumeyaay Elementary School
Grades K-5 • 0.6 mi
9/10
De Portola Middle School
Grades 6-8 • 1.0 mi
7/10
Farb Middle School
Grades 6-8 • 1.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,226 | 1,448.452 |
| Lot Size | - | 74,845.926 |
| Price | $699.0K | $807.2K |
| Price per sq ft | $570 | $596 |
| Built year | 1992 | 1994 |
| HOA | $600.0 | $452 |
| Days on market | 33 | 47 |
Pricing History
Listed for Sale
Aug 7, 2026
$699,000
Initial Listing
Sold
Feb 25, 2005
$443,000
Public Record
Sold
Jun 22, 2000
$230,000
Public Record