1551 4th Ave 504, San Diego, California 92101, San Diego, 92101 - 0 bed, 1 bath
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1551 4th Ave 504
San Diego, California 92101
ACTIVE
CONDITION: GOOD
0Beds
1Baths
523Sq Ft
15,034Lot Size
Property Price
LIST PRICE$369,000
EST. MARKET VALUE
$386,930
4% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is a modern studio listed at a List Price of $369,000, positioned well below the $386,930 Fair Market Value by 4%. This valuation gap provides $17,930 in Instant Equity. Featuring a Condition Rating of 3, the unit offers a functional open-concept layout with floor-to-ceiling city views and a rare gas cooking range. With resort-style amenities including a wellness suite and indoor racquetball court, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Estimated Market Value
$386,930+$17,930 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1551 4th Ave 504 Subject 0 bd · 1 ba · 523 sqft · $740 | $369,000* List Price | 0 | 1 | 523 | $740 | - |
A 1970 Columbia St 301 Sold 1 bd · 1 ba · 585 sqft · $752 · 0.5 mi | $440,000 | 1 | 1 | 585 | $752 | 0.5 mi |
B 1080 Park Blvd. 203 Sold 0 bd · 1 ba · 466 sqft · $567 · 0.5 mi | $264,000 | 0 | 1 | 466 | $567 | 0.5 mi |
C 425 W Beech St 107 Sold 1 bd · 1 ba · 628 sqft · $693 · 0.4 mi | $435,000 | 1 | 1 | 628 | $693 | 0.4 mi |
D 889 Date St 140 Sold 1 bd · 1 ba · 671 sqft · $618 · 0.2 mi | $415,000 | 1 | 1 | 671 | $618 | 0.2 mi |
E 1970 Columbia St 400 Sold 1 bd · 1 ba · 459 sqft · $869 · 0.5 mi | $399,000 | 1 | 1 | 459 | $869 | 0.5 mi |
F 889 Date St 304 Sold 1 bd · 1 ba · 619 sqft · $714 · 0.2 mi | $442,000 | 1 | 1 | 619 | $714 | 0.2 mi |
G 1435 India St #406 Sold 1 bd · 1 ba · 728 sqft · $611 · 0.4 mi | $445,000 | 1 | 1 | 728 | $611 | 0.4 mi |
H 425 W W Beech St 1353 Sold 1 bd · 1 ba · 661 sqft · $703 · 0.3 mi | $465,000 | 1 | 1 | 661 | $703 | 0.3 mi |
I 889 Date St. 116 Pending 1 bd · 1 ba · 606 sqft · $734 · 0.2 mi | $445,000 List Price | 1 | 1 | 606 | $734 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1996 (30 years old), the unit is well-maintained and move-in ready. The kitchen features updated stainless steel appliances and a gas range, while the interior shows modern flooring and a functional open-concept layout, suggesting maintenance and updates within the 5-15 year range.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Perfectly positioned between Cortez Hill and Little Italy, offering exceptional walkability to San Diego’s premier dining, the Mercato farmers market, and Balboa Park.
- Resort-Style Amenities
The building features a unique wellness suite including a sauna, private massage rooms, and the only indoor racquetball court in a downtown residential building, plus rare secured guest parking.
- Functional Modern Features
The unit maximizes its footprint with floor-to-ceiling city views, a rare gas cooking range, and a built-in Murphy bed, offering a turnkey solution for investors or first-time buyers.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $762.11 is significant for a 523-square-foot studio, which may impact the overall affordability and debt-to-income ratio for some buyers.
- Limited Living Space
As a compact studio with an open-concept layout, the property lacks a private bedroom, which may limit its appeal to long-term residents seeking distinct living and sleeping areas.
About 1551 4th Ave 504
NEW PRICE! MOTIVATED SELLER – PRICED TO SELL ASAP! Fresh off a $20,000 price reduction, this is officially downtown’s best value opportunity. Perfectly positioned between the historic charm of Cortez Hill and the vibrant culinary scene of Little Italy, this sleek, modern studio at Solara Lofts is the epitome of functional city living. The versatile, open-concept floor plan lives much larger than its footprint, featuring floor-to-ceiling windows with expansive city views, a rare gas cooking range (a true downtown luxury), and a built-in Murphy bed that seamlessly transitions the space from a bright daytime office to a cozy evening retreat. To make your move entirely effortless, this unit can be sold fully furnished and comes complete with an in-unit washer/dryer, dedicated storage, and assigned parking. What truly sets Solara Lofts apart is its resort-style wellness suite. Enjoy a fully equipped fitness center, soothing sauna, private massage rooms, and the only indoor racquetball court in a downtown residential building. When hosting, the community lounge offers pool tables and the rarest find of all, secured guest parking for your visitors. Whether you’re a first-time buyer looking for a stylish primary residence or an investor seeking a high-demand turnkey property near the Mercato farmers market and Balboa Park, this unit delivers. Walk to San Diego’s best dining, grab a coffee in the Piazza della Famiglia, and bring your offers today before this newly priced gem is gone!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1996
- Lot Size
- 15,034 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $762.11 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 523 | 1,018.142 |
| Lot Size | 15,034 | 75,257.211 |
| Price | $369.0K | $598.4K |
| Price per sq ft | $706 | $607 |
| Built year | 1996 | 1986 |
| HOA | $762.11 | $536 |
| Days on market | 36 | 58 |
Pricing History
Listed for Sale
Sep 19, 2026
$369,000
Initial Listing
Sold
Feb 25, 2021
$280,000
Public Record
Sold
Dec 3, 2009
$250,000
Public Record