
San Diego, California 92101
This High-Potential Investment Opportunity is listed at $524,999, positioned above the $495,986 Fair Market Value. While priced slightly above market, the property offers a rare 845-square-foot floor plan in the desirable Palermo complex. Featuring a Granite Kitchen, In-Unit Laundry, and a Walk-in Closet, the unit maintains a Fair Condition Rating due to its original 2004 finishes. With access to a Pool, Spa, and Fitness Center and low HOA dues, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a vibrant Little Italy lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1501 Front Street 414 Subject | $524,999* List Price | 1 | 1 | 845 | $587 | - |
A 425 W Beech Sold | $585,000 | 2 | 2 | 914 | $640 | 0.2 mi |
B 1970 Columbia Street 310 Sold | $540,000 | 2 | 2 | 828 | $652 | 0.3 mi |
C 1240 India 317 Sold | $680,000 | 2 | 2 | 925 | $735 | 0.3 mi |
D 425 W Beech Street Sold | $459,000 | 1 | 1 | 760 | $604 | 0.2 mi |
E 1240 India Street 519 Sold | $445,000 | 1 | 1 | 768 | $579 | 0.3 mi |
F 1435 India St #406 Sold | $445,000 | 1 | 1 | 728 | $611 | 0.2 mi |
G 1970 Columbia St 513 Sold | $540,000 | 2 | 2 | 911 | $593 | 0.3 mi |
H 1601 India St 116 Sold | $507,000 | 2 | 2 | 932 | $544 | 0.2 mi |
I 1501 Front St 340 Active | $499,900 List Price | 1 | 1 | 721 | $693 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, the property is 22 years old, which falls into the Fair category. While it features newer luxury vinyl plank flooring and is well-maintained, the kitchen remains dated with original cabinetry and white appliances that are over 20 years old and likely nearing the end of their functional lifespan.
At 845 square feet, this residence is one of the largest one-bedroom layouts in the Palermo complex, featuring a rare dedicated dining area and a spacious walk-in closet.
Situated in a vibrant culinary and cultural hotspot, the property offers exceptional walkability to world-class dining, boutiques, and the popular weekly Farmers Market.
Residents benefit from a comprehensive suite of amenities including a pool, fitness center, and guest parking, all while maintaining some of the lowest HOA dues in Downtown San Diego.
The property offers neighborhood and tree views rather than the high-demand panoramic ocean or skyline vistas often sought after in Downtown high-rises.
Constructed in 2004, the unit may face competition from newer luxury developments that offer more contemporary architectural finishes and modern smart-home integrations.
Rarely available 845-square-foot residence offering one of Palermo's largest one-bedroom floor plans. Abundant natural light, newer luxury vinyl plank flooring, and floor-to-ceiling windows enhance the open, livable feel. The kitchen offers granite countertops, generous counter space, and a welcoming eat-at bar, opening to a spacious dining area rarely found in most one-bedroom condos. Additional highlights include in-unit laundry, a walk-in closet in the primary bedroom, and a secured parking space. Palermo offers great amenities including a pool, spa, fitness center, community room, billiards room, BBQ area, outdoor lounge, guest parking, and on-site management—all with some of the lowest HOA dues Downtown. Perfect as a primary residence, 2nd home getaway, or investment property. Downtown San Diego's Little Italy is a vibrant culinary and cultural hotspot, beloved for its rich history and modern flair. Classic spots like Mona Lisa and Civico 1845, alongside newer favorites Ironside, Juniper & Ivy, and Craft & Commerce, make it a go-to for local foodies. Cafes, bakeries, boutiques, and wine shops line the streets, perfect for an evening wander, while the Little Italy Association keeps the calendar full with art walks, car shows, the yearly Festa, and a Farmers Market every Wednesday and Saturday. Don't miss the NoLi Art & Design District either, a hub of designer boutiques and galleries stocked with rare finds to help you curate your new home. Mediterranean-style Palermo is an oasis in the city, complete with arches, well-kept courtyards, and a pool and spa deck accented by a cascading waterfall. Residents also enjoy a fitness center, billiards room, clubhouse, and guest parking, all for low HOA fees. The complex has been recently painted inside and out, with updated elevators, lobby, and hallways.
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 | 845 | 1,002.307 |
| Lot Size | - | 75,574.68 |
| Price | $525.0K | $596.0K |
| Price per sq ft | $621 | $612 |
| Built year | 2004 | 1985 |
| HOA | $556.28 | $529 |
| Days on market | 10 | 55 |
Aug 30, 2026
$524,999
Initial Listing
Apr 27, 2016
$375,000
Public Record
Oct 18, 2004
$385,500
Public Record