1435 Essex 7, San Diego, California 92103, San Diego, 92103 - 2 bed, 1 bath
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San Diego, California 92103
This property represents a High-Potential Investment Opportunity, listed at $575,000—positioned well above the $501,546 Fair Market Value by 14%. While the list price exceeds current valuation, the unit offers Premium Parking & Storage and In-Unit Modern Conveniences like AC and a private deck. With a Condition Rating of 4, the unit requires modernization to reach its full potential. This asset is best suited for Buy-and-Hold Investors or first-time buyers looking to enter the competitive Hillcrest market through strategic value-add renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1435 Essex 7 Subject | $529,000* List Price | 2 | 1 | 609 | $752 | - |
A 4328 5th Ave Sold | $390,000 | 1 | 1 | 640 | $609 | 0.8 mi |
B 1030 Robinson Ave 108 Sold | $429,000 | 1 | 1 | 650 | $660 | 0.2 mi |
C 4086 Georgia St 4 Sold | $516,000 | 1 | 1 | 621 | $831 | 0.4 mi |
D 3812 Park 412 Sold | $515,000 | 1 | 1 | 798 | $645 | 0.2 mi |
E 3634 7th Ave 4b Sold | $559,000 | 1 | 1 | 805 | $694 | 0.5 mi |
F 3922 Albatross St. 1 Sold | $660,000 | 2 | 2 | 850 | $776 | 0.9 mi |
G 1756 Essex St. 311 Active | $449,900 List Price | 1 | 1 | 608 | $740 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, this 45-year-old condo is functional but dated. While the kitchen features some past updates like stone countertops, the presence of an older wall-mounted AC unit, dated cabinetry, and older carpeting suggests the last renovation was likely over 15-20 years ago, requiring modernization to meet current market standards.
Positioned as the most affordable two-bedroom residence in the highly desirable Hillcrest neighborhood, offering a rare entry-level price point for the area.
The inclusion of a private garage plus an additional tandem parking spot is a significant asset in a dense urban location where parking is typically at a premium.
Equipped with essential modern amenities including a dedicated washer and dryer, air conditioning, and a real fireplace, enhancing daily comfort and tenant appeal.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The property was recently sold within the past year on 2025-10-14. The sold price is $500,000.00.
With only 609 square feet for a two-bedroom configuration, the living spaces and bedrooms are likely undersized, which may limit the property's functionality for some buyers.
Most affordable 2br in Hillcrest. Great investment opportunity with income producing tenants already occupying the unit. Rental monthly income of $2400 with option to increase in 1 year. Garage off alley plus one additional tandem spot. Washer and dryer in unit. Real fireplace. Air conditioning. Secure gated entry building. Loads of storage. These units are not often available. Come have a look!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 609 | 999 |
| Lot Size | 7,383 | 84,697.5 |
| Price | $529.0K | $604.2K |
| Price per sq ft | $869 | $618 |
| Built year | 1981 | 1985 |
| HOA | $490.0 | $500 |
| Days on market | 27 | 53 |
Jul 11, 2026
$529,000
$549,000
-4% Price Drop
Initial Listing
Jun 30, 2026
$549,000
$575,000
-5% Price Drop
Initial Listing
Jun 25, 2026
$575,000
Initial Listing
Oct 14, 2025
$500,000
Public Record
Dec 5, 2001
$180,000
Public Record