1551 4th Ave 508, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath

1551 4th Ave 508, San Diego, California 92101 home-pic-0
ACTIVE$450,000
1551 4th Ave 508, San Diego, California 92101
1Bed
1Bath
727Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location & Walkability: The property boasts an exceptional downtown San Diego location, offering unparalleled walkability to the bustling urban scene, Gaslamp Quarter, Little Italy, Bankers Hill, and Balboa Park, providing immediate access to diverse dining, entertainment, and cultural attractions.
Top Cons:
High Association Fee: The monthly association fee of $756.14 is substantial for a 727 sqft 1-bedroom unit, which could significantly impact the overall cost of ownership and buyer affordability.

Compared to the nearby listings

Price:$450.0K vs avg $692.5K ($-242,500)16%
Size:727 sqft vs avg 1,046 sqft24%
Price/sqft:$619 vs avg $69424%

More Insights

Built in 1996 (29 years old).
Condition: The property, built in 1996, is 28 years old. While well-maintained and move-in ready, the kitchen features wood cabinets, speckled granite countertops, and a mix of stainless steel and black appliances that, while functional, show signs of being outdated in style. The 'industrial chic' aesthetic with exposed ductwork is a design choice, but the core finishes in the kitchen appear to be from the original conversion or an older renovation (fitting the 'renovated between 15 to 30 years ago' criteria). The absence of bathroom photos prevents a full assessment of that key area, but it's reasonable to assume they are of a similar vintage. The hardwood floors are in good condition, and the overall unit is clean, but a buyer might consider minor updates to the kitchen and potentially the bathroom for a more contemporary feel.
Year Built
1996
Close
-
List price
$450K
Original List price
$495K
Price/Sqft
$619
HOA
$756.14
Days on market
-
Sold On
-
MLS number
250024690SD
Home ConditionFair
Features
Good View: City Lights
Deck
ViewCity Lights

About this home

This condo offers a unique blend of industrial chic and urban convenience in a prime downtown location. One of the most appealing features of this unit is its exceptional tranquility. Housed within a converted commercial building, the loft-style layout provides a sense of privacy, minimizing shared walls and creating a peaceful sanctuary. The interior boasts a striking industrial aesthetic, highlighted by exposed AC vents that add a touch of raw, urban character. Just three blocks away, you'll find yourself immersed in the bustling downtown scene, with its diverse array of restaurants, shops, and entertainment venues. A short stroll north brings you to the charming neighborhoods of Bankers Hill and the iconic Balboa Park, offering a wealth of cultural attractions and green spaces. To the west, the trendy Little Italy awaits, renowned for its culinary delights and lively atmosphere. And just a few blocks south, the Gaslamp Quarter beckons with its historic charm and vibrant nightlife. Solara used to be a Class A commercial office building and was transformed & re-invented into exceptional condo units. Solara amenities include: gated and secured underground parking; spacious, well-equipped gym w/ lockers, racquet ball court, exercise lounge, sauna, massage treatment rooms & Secure storage/bike room & 8 separate guest parking spaces underground. Easy freeway access, minutes away to Balboa Park, Seaport Village, The Embarcadero, Gaslamp District, Airport, Beaches & More! Walkable to Little Italy & Bankers Hill Restaurants, cafes and bars.

Condition Rating
Fair

The property, built in 1996, is 28 years old. While well-maintained and move-in ready, the kitchen features wood cabinets, speckled granite countertops, and a mix of stainless steel and black appliances that, while functional, show signs of being outdated in style. The 'industrial chic' aesthetic with exposed ductwork is a design choice, but the core finishes in the kitchen appear to be from the original conversion or an older renovation (fitting the 'renovated between 15 to 30 years ago' criteria). The absence of bathroom photos prevents a full assessment of that key area, but it's reasonable to assume they are of a similar vintage. The hardwood floors are in good condition, and the overall unit is clean, but a buyer might consider minor updates to the kitchen and potentially the bathroom for a more contemporary feel.
Pros & Cons

Pros

Prime Downtown Location & Walkability: The property boasts an exceptional downtown San Diego location, offering unparalleled walkability to the bustling urban scene, Gaslamp Quarter, Little Italy, Bankers Hill, and Balboa Park, providing immediate access to diverse dining, entertainment, and cultural attractions.
Exceptional Building Amenities: Solara provides a comprehensive suite of high-end amenities, including gated and secured underground parking (with guest spaces), a spacious and well-equipped gym, racquetball court, exercise lounge, sauna, massage treatment rooms, and secure storage/bike room.
Unique Industrial Chic Aesthetic: The condo features a distinctive industrial chic and loft-style aesthetic with exposed AC vents, offering a modern and urban living experience that appeals to buyers seeking unique character.
Converted Commercial Building Quality: Originally a Class A commercial office building, Solara's conversion into residential units suggests robust construction and a unique architectural foundation, differentiating it from standard condo developments.
Tranquil Urban Sanctuary: Despite its prime downtown location, the unit offers exceptional tranquility due to minimized shared walls and a peaceful sanctuary-like atmosphere, a rare find in dense urban environments.

Cons

High Association Fee: The monthly association fee of $756.14 is substantial for a 727 sqft 1-bedroom unit, which could significantly impact the overall cost of ownership and buyer affordability.
Limited Square Footage: With 727 sqft, the unit offers relatively limited living space, which may be a drawback for buyers seeking more expansive accommodations, especially given the price point.
Specific Aesthetic Appeal: The 'industrial chic' design with exposed AC vents, while unique, caters to a specific taste and may not appeal to all potential buyers, potentially narrowing the market.

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