1225 Island Aveneue 407, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
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San Diego, California 92101
This property presents a Strong Value Opportunity with a List Price of $360,000—positioned well below the $402,590 Fair Market Value by 10%. This valuation gap offers $42,590 in Instant Equity for buyers prepared to address the Poor Condition Rating. Featuring a panoramic downtown skyline view and an unbeatable location near Petco Park, this asset requires a full renovation to unlock its potential. It is a high-reward acquisition ideal for Fix-and-Flip Investors or experienced contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1225 Island Aveneue 407 Subject | $360,000* List Price | 1 | 1 | 720 | $559 | - |
A 1050 Island Avenue 513 Sold | $385,000 | 0 | 1 | 603 | $638 | 0.1 mi |
B 1150 J Street 210 Active | $439,000 List Price | 1 | 1 | 735 | $597 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While the building was constructed in 2005, the unit is explicitly marketed as a 'true fixer' requiring 'substantial renovation.' Interior images reveal significant neglect, including damaged drywall, missing doors, and heavily stained flooring. The 'cash buyers only' requirement and the description of the property needing a full rehab to create value align with the poor condition rating.
Situated in a highly walkable neighborhood near Petco Park and the Gaslamp District, the property offers immediate access to top-tier dining, entertainment, and public transit.
As a 'true fixer' with an approved short-sale price, this property presents a rare opportunity for investors to build substantial equity through a comprehensive renovation.
The unit's proximity to a trolley stop and everyday amenities makes it an ideal candidate for a high-demand rental or a vibrant urban residence once restored.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 720, other record living area = 892.
The property requires significant capital investment and experience to address its current condition, making it unsuitable for buyers looking for a move-in-ready home.
The restriction to cash buyers only eliminates those relying on traditional financing, narrowing the market and requiring significant liquid capital upfront.
Short Sale Approved at $360,000. 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.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 720 | 999 |
| Lot Size | - | 84,697.5 |
| Price | $360.0K | $604.2K |
| Price per sq ft | $500 | $618 |
| Built year | 2005 | 1985 |
| HOA | $550.0 | $500 |
| Days on market | 5 | 53 |
Jul 17, 2026
$360,000
Initial Listing
Oct 23, 2012
$282,000
Public Record
Jun 9, 2005
$479,000
Public Record