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1225 Island Aveneue 407, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath

1225 Island Aveneue 407, San Diego, California 92101 home-pic-0
ACTIVE UNDER CONTRACT$399,000$720/sqft
1225 Island Aveneue 407, San Diego, California 92101
1Bed
1Bath
720Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location: Situated in one of downtown San Diego's most vibrant and walkable neighborhoods, offering immediate access to diverse amenities.
Top Cons:
Substantial Renovation Required: The condo requires extensive renovation, indicating significant upfront costs and effort for the buyer to modernize and improve.

Compared to the nearby listings

Price:$399.0K vs avg $725.0K ($-326,000)7%
Size:720 sqft vs avg 1,046 sqft21%
Price/sqft:$554 vs avg $7029%

More Insights

Built in 2005 (21 years old).
Condition: Despite being built in 2005, the listing explicitly states it's a 'fixer opportunity' requiring 'substantial renovation' and is 'offered in its current condition.' Images confirm this, showing missing kitchen appliances, exposed plumbing in both the kitchen and bathroom, a missing bathroom vanity, and unfinished subflooring throughout much of the unit. This indicates significant defects and a state that is not move-in ready and would be uncomfortable to live in, aligning with the 'poor' condition criteria.
Year Built
2005
Close
-
List price
$399K
Original List price
$399K
Price/Sqft
$554
HOA
$509.34
Days on market
-
Sold On
-
MLS number
250045967SD
Home ConditionPoor
Features
Good View: City Lights, Neighborhood
Spa
ViewCity Lights,Neighborhood

About this home

This is a true fixer opportunity for a cash buyer ready to create value in one of downtown’s most vibrant and walkable neighborhoods. The condo requires substantial renovation and is being offered in its current condition, making it ideal for an investor or end user with vision and experience. What sets this property apart is the exceptional location. Step outside and you are surrounded by some of the area’s best restaurants, coffee shops, bakeries, parks and everyday conveniences including a trolley stop across the street. Petco Park is just a short walk away, as is the heart of the Gaslamp District, offering world-class dining, nightlife, and entertainment. With the right improvements, this condo has the potential to become a standout residence or investment in a highly desirable urban setting. Opportunities like this—where location does the heavy lifting—are increasingly rare. Cash buyers only. Renovation required. Location, upside, and long-term potential make this one worth a closer look.

M
Mark Mills
Listing Agent

Nearby schools

5/10
Sherman Elementary School
Public,•K-5•0.6mi
3/10
Burbank Elementary School
Public,•K-5•1.1mi
5/10
Washington Elementary School
Public,•K-5•1.2mi
6/10
Jefferson Elementary School
Public,•K-5•2.8mi
3/10
Perkins Elementary School
Public,•K-8•0.7mi
3/10
Memorial Scholars & Athletes School
Public,•6-8•1.5mi
4/10
Golden Hill K-8
Public,•K-8•1.9mi
5/10
Roosevelt International Middle School
Public,•6-8•2.1mi

Price History

Date
Event
Price
07/19/21
Sold
$417,000
05/09/17
Sold
$370,000
03/28/08
Sold
$265,000
06/15/05
Sold
$367,500
Condition Rating
Poor
Despite being built in 2005, the listing explicitly states it's a 'fixer opportunity' requiring 'substantial renovation' and is 'offered in its current condition.' Images confirm this, showing missing kitchen appliances, exposed plumbing in both the kitchen and bathroom, a missing bathroom vanity, and unfinished subflooring throughout much of the unit. This indicates significant defects and a state that is not move-in ready and would be uncomfortable to live in, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Prime Downtown Location: Situated in one of downtown San Diego's most vibrant and walkable neighborhoods, offering immediate access to diverse amenities.
Exceptional Walkability & Urban Amenities: Surrounded by top restaurants, coffee shops, bakeries, parks, and a trolley stop directly across the street, enhancing daily convenience.
Proximity to Major Attractions: Just a short walk to Petco Park and the Gaslamp District, providing access to world-class dining, nightlife, and entertainment.
Significant Value-Add Opportunity: A true 'fixer opportunity' ideal for a cash buyer or investor with vision to create substantial value through renovation and customization.
Strong Long-Term Investment Potential: The highly desirable urban setting and potential for improvement position this condo for excellent long-term appreciation and upside.

Cons

Substantial Renovation Required: The condo requires extensive renovation, indicating significant upfront costs and effort for the buyer to modernize and improve.
Cash Buyers Only Restriction: The property is explicitly marketed for 'cash buyers only,' which severely limits the pool of potential purchasers.
Sold in As-Is Condition: Offered in its current condition, meaning the seller will not undertake any repairs or upgrades, placing the full responsibility on the buyer.
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