
San Diego, California 92103
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $451,892 Fair Market Value by -10%. Currently in a Fair Condition Rating due to its mid-remodel status, this unit offers a blank canvas for customization in the heart of Hillcrest. With its Prime Walkable Location and Bridge and City Light Views, the asset is primed for high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to build equity through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1270 Cleveland Avenue K103 Subject | $499,000* List Price | 1 | 1 | 735 | $615 | - |
A 3644 3rd Avenue 5 Sold | $570,000 | 2 | 2 | 870 | $655 | 0.8 mi |
B 4328 5th Ave Sold | $390,000 | 1 | 1 | 640 | $609 | 0.6 mi |
C 1435 Essex 7 Active | $529,000 List Price | 2 | 1 | 609 | $869 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1991, this property is currently mid-remodel and unlivable. It lacks a functional kitchen and finished flooring, with exposed plumbing and partially completed bathrooms requiring a full interior rehab.
Situated in the heart of Hillcrest, the property is steps away from Trader Joe’s, Ralphs, and vibrant dining, ensuring high tenant demand and long-term desirability.
The mid-remodel status provides a unique opportunity for a buyer to customize high-end finishes and build immediate sweat equity upon completion of the project.
The unit includes a dedicated parking space located directly behind the elevator, offering rare and seamless accessibility from the vehicle to the front door.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 735, other record living area = 1077. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
The property is currently a construction zone, requiring the buyer to secure additional capital, permits, and contractors to make the home habitable.
At $557 per month, the association fees are relatively high for a one-bedroom condo, which may impact the overall monthly affordability and investor cap rates.
Exciting opportunity to complete and customize this spacious home in the heart of Hillcrest! The property is currently in the midst of a remodel, creating a unique opportunity for the next owner to make it their own and build equity. The bathroom is partially completed, and all remaining tile and flooring materials are included. Enjoy abundant closet space, a large living area, and the opportunity to design your own dream kitchen. French doors open to a long private deck overlooking Washington Street and the iconic Vermont Street Bridge. Upscale appliances are also available for purchase separately. Located just steps from Ralphs, Trader Joe’s, and the vibrant Hillcrest hub, this location puts shopping, dining, entertainment, and everything the neighborhood has to offer right outside your door. With continued growth and energy throughout the area, this property offers excellent potential as a primary residence, investment property, or rental opportunity. Bring your vision and finish this home to your taste while creating the opportunity for future equity. This area pulls a high rent due to its desirability There is one parking space with this unit that is directly behind the elevator which drops you off steps away from your front door.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 735 | 1,002.307 |
| Lot Size | - | 75,574.68 |
| Price | $499.0K | $596.0K |
| Price per sq ft | $679 | $612 |
| Built year | 1991 | 1985 |
| HOA | $557.0 | $529 |
| Days on market | 8 | 55 |
Sep 1, 2026
$499,000
Initial Listing
May 21, 2025
$962,500
Public Record
Aug 28, 2023
$737,000
Public Record