
San Diego, California 92101
This Strong Value Opportunity is listed at $544,900, positioned well below the $581,524 Fair Market Value by 6%. This valuation gap provides $36,624 in Instant Equity for the buyer. Featuring a Condition Rating of 3, this residence offers a spacious 845 sqft layout with Granite Kitchen finishes and Luxury Vinyl Plank Flooring. Located in the heart of Little Italy, the property provides a vibrant urban lifestyle with premium amenities. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey downtown residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1501 Front Street 414 Subject | $544,900* List Price | 1 | 1 | 845 | $688 | - |
A 1642 7th 325 Sold | $479,000 | 1 | 1 | 761 | $629 | 0.3 mi |
B 425 W Beech Street 1457 Sold | $652,000 | 2 | 1 | 822 | $793 | 0.2 mi |
C 425 W Beech St 1003 Sold | $565,000 | 2 | 1 | 822 | $687 | 0.2 mi |
D 1494 Union St 908 Sold | $620,000 | 1 | 1 | 873 | $710 | 0.1 mi |
E 1240 India Street 1004 Sold | $565,000 | 1 | 1 | 724 | $780 | 0.3 mi |
F 1240 India Street 1205 Sold | $475,000 | 1 | 1 | 680 | $699 | 0.3 mi |
G 1501 Front St 340 Active | $519,990 List Price | 1 | 1 | 721 | $721 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this 20-year-old property is well-maintained and move-in ready. It features recent cosmetic updates including newer luxury vinyl plank flooring and fresh interior paint. While the kitchen appliances and cabinetry appear original to the build date, they are functional and paired with durable granite countertops, fitting the criteria for a well-kept residence within the 10-20 year age bracket.
Situated in the heart of San Diego's most vibrant culinary and cultural district, the property offers exceptional walkability to top-tier dining, boutiques, and the famous weekly Farmers Market.
With 845 square feet, this residence features one of the largest one-bedroom floor plans in Little Italy, offering a rare sense of space, a walk-in closet, and a dedicated dining area.
The association dues are among the lowest in Downtown San Diego while still providing a comprehensive amenity package, including a pool, spa, fitness center, and guest parking.
The north-facing position may result in limited direct sunlight compared to south or west-facing units, potentially making the space feel cooler or dimmer during certain times of the year.
While well-maintained with newer flooring, the 2004 construction and granite countertops may feel dated to buyers seeking the ultra-modern aesthetic found in newer luxury developments.
Make Little Italy your own at Palermo! This north-facing residence features one of the largest one-bedroom floor plans in all of Little Italy, with a sense of space you feel the moment you walk inside. 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 41% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 845 | 1,103 | 26% |
| Lot Size | - | - | 50% |
| Price | $544.9K | $750.0K | 26% |
| Price per sq ft | $645 | $698 | 39% |
| Built year | 2004 | 2005 | 49% |
| HOA | $556.28 | $897 | 8% |
| Days on market | 10 | 142 | 7% |
May 27, 2026
$544,900
Initial Listing
Apr 27, 2016
$375,000
Public Record
Oct 18, 2004
$385,500
Public Record