
San Diego, California 92101
This Turnkey Condominium represents a Strong Value Opportunity, listed at $1,149,900—positioned well below the $1,250,461 Fair Market Value by 8%. This valuation gap offers $100,561 in Instant Equity for the buyer. Featuring a rare three-bedroom floor plan, upgraded stainless-steel appliances, and a Condition Rating of 3, this residence offers a sophisticated urban lifestyle with city skyline views. It is an ideal acquisition for Owner-Occupants seeking downtown luxury or Buy-and-Hold Investors targeting high-demand rental markets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1240 India Street 516 Subject 3 bd · 3 ba · 1,594 sqft · $772 | $1,149,900* List Price | 3 | 3 | 1,594 | $772 | - |
A 1240 India St 703 Sold 3 bd · 3 ba · 1,441 sqft · $756 · 0.0 mi | $1,089,000 | 3 | 3 | 1,441 | $756 | 0.0 mi |
B 1199 Pacific Hwy 601 Sold 3 bd · 2 ba · 1,624 sqft · $751 · 0.1 mi | $1,220,000 | 3 | 2 | 1,624 | $751 | 0.1 mi |
C 1129 Pacific Hwy 103 Sold 2 bd · 3 ba · 1,668 sqft · $845 · 0.1 mi | $1,410,000 | 2 | 3 | 1,668 | $845 | 0.1 mi |
D 1501 India St 204 Sold 2 bd · 3 ba · 1,800 sqft · $725 · 0.2 mi | $1,305,000 | 2 | 3 | 1,800 | $725 | 0.2 mi |
E 1199 Pacific Hwy 2101 Sold 2 bd · 2 ba · 1,684 sqft · $859 · 0.1 mi | $1,445,818 | 2 | 2 | 1,684 | $859 | 0.1 mi |
F 1608 India St 403 Sold 3 bd · 3 ba · 1,940 sqft · $505 · 0.3 mi | $980,000 | 3 | 3 | 1,940 | $505 | 0.3 mi |
G 300 W Beech 1908 Sold 2 bd · 2 ba · 1,132 sqft · $826 · 0.3 mi | $935,000 | 2 | 2 | 1,132 | $826 | 0.3 mi |
H 1325 Pacfiic Hwy. 2503 Sold 2 bd · 2 ba · 1,286 sqft · $914 · 0.1 mi | $1,175,000 | 2 | 2 | 1,286 | $914 | 0.1 mi |
I 1199 Pacific Highway 1805 Active 2 bd · 2 ba · 1,624 sqft · $799 · 0.1 mi | $1,298,000 List Price | 2 | 2 | 1,624 | $799 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 2003 (23 years old), the property features recent updates including new wide-plank luxury laminate flooring, custom-painted kitchen cabinetry with modern hardware, and an upgraded stainless-steel appliance suite. It is well-maintained, functional, and completely move-in ready.
As one of only three residences in the Treo building featuring a true three-bedroom floor plan, this spacious 1,594 sqft two-level home offers exceptional versatility for families, guests, or home offices.
The corner location provides abundant natural light through expansive windows and ensures superior privacy with only one shared wall, a significant advantage in high-density downtown living.
Boasting a high-demand location near Little Italy and the waterfront, the property includes resort-style amenities and rare side-by-side parking spaces with additional dedicated storage.
The association fee of $930 per month represents a significant recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
Despite the family-friendly three-bedroom configuration, the assigned middle schools carry lower ratings (3/10), which may be a deterrent for education-focused families.
One of only three residences in Treo with this rare floorplan and featuring THREE true bedrooms! PLUS the best side-by-side parking spaces! This corner residence lives large, light, and bright across two levels and nearly 1,600 square feet. Abundant windows on both levels flood the home with natural light, while the corner location means just one shared wall for exceptional privacy. New Shaw “Desert Sandstone” wide-plank luxury laminate flooring flows throughout. The main level features a bedroom and full bath, offering perfect flexibility for guests, a home office, or a private retreat. The open kitchen showcases an upgraded stainless-steel appliance suite, gas cooktop, custom-painted cabinetry with gold-tone hardware, and an eat-at bar ideal for casual dining or entertaining, all framed by a wall of glass with views through to the city and skyline. A cozy fireplace, breezy ceiling fan, and private balcony with treetop and city views complete the inviting main living space. Upstairs, the spacious primary suite features a walk-in closet, and guest bedroom enjoys its own ensuite bath; an exceptionally versatile layout for roommates, visitors or extended family. Elevator-adjacent convenience makes everyday living easy, with direct proximity to both the residence and the fabulous parking spaces. A dedicated storage space adds even more functionality. Treo puts you within easy reach of the waterfront, Little Italy, the Gaslamp Quarter, and everything making Downtown San Diego a desirable place to call home. All while delivering an impressive array of resort-style amenities! Long regarded as one of the best values in Downtown San Diego, the Treo HOA is exceptionally well managed, maintaining a high level of building services and amenities. Enjoy a heated pool and spa, fitness center, recreation and meeting rooms, barbecues and peaceful courtyard, plus security and concierge-like services. The lobby, hallways, and amenities have all been recently refreshed to foster a warm contemporary feel. Walk to the multitude of eateries and shops in Little Italy or Portside Pier, or take a slightly longer stroll to Seaport Village or the bustling Gaslamp Quarter. Treo is both FHA and VA approved.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.6 mi
Grades K-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,594 | 1,018.142 |
| Lot Size | - | 75,257.211 |
| Price | $1.15M | $598.4K |
| Price per sq ft | $721 | $607 |
| Built year | 2003 | 1986 |
| HOA | $930.0 | $536 |
| Days on market | 41 | 58 |
Sep 14, 2026
$1,149,900
Initial Listing
Aug 16, 2017
$850,000
Public Record
Jun 10, 2011
$565,000
Public Record
Mar 19, 2004
$738,000
Public Record
Jan 24, 2003
$523,500
Public Record