1551 4th Avenue 409, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath

1551 4th Avenue 409, San Diego, California 92101 home-pic-0

1551 4th Avenue 409

San Diego, California 92101

ACTIVE
CONDITION: GOOD
1Beds
1Baths
978Sq Ft
0.35Lot Size

Property Price

LIST PRICE$585,999

SUMMARY

Analysis of 1551 4th Avenue 409, San Diego, California 92101 is currently available with a list price of $585,999. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

This condo, built in 1996, is in 'good' condition. While the kitchen and bathroom styles (cabinets, countertops, backsplash) appear to be from an earlier renovation (likely 15-20+ years ago), they are clean, functional, and well-maintained, not requiring immediate renovation. The property benefits significantly from recent upgrades, including a brand-new HVAC system, new real wood blinds, fresh interior paint, and updated electrical outlets, making it truly move-in ready. The dark hardwood flooring throughout is a desirable feature. These substantial recent updates to major systems and cosmetics, combined with the overall well-kept appearance, align with the 'good' criteria of being move-in ready with well-maintained systems and some updated components, even if not a full, recent aesthetic overhaul of the kitchen and baths.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Downtown Location

    Situated in the heart of Downtown San Diego, offering unparalleled access to Little Italy, Balboa Park, Gaslamp Quarter, and a vibrant array of dining, shopping, and entertainment options.

  • Significant Conversion Potential

    Rare opportunity to convert the spacious 1-bedroom layout into a 2-bedroom, providing excellent flexibility for owner-occupants and strong upside potential for investors.

  • Extensive Recent Upgrades & Turnkey Condition

    Beautifully updated with fresh interior paint, new patio flooring, a brand-new 3-ton HVAC heat pump ($9,400), and real wood Levelor blinds ($7,800), ensuring a modern, move-in ready experience.

CONSRISKS & DEFICIENCIES

  • High Monthly Association Fee

    The association fee of $777.0 per month is substantial and could impact affordability or investment cash flow for potential buyers.

  • Currently 1-Bedroom Configuration

    Despite conversion potential, the unit is currently configured as a 1-bedroom, which may limit the immediate buyer pool seeking more bedrooms without additional renovation.

  • Unspecified Parking Situation

    The property description does not explicitly mention if dedicated parking is included, which is a critical amenity and potential cost consideration in a dense urban environment like Downtown San Diego.

About 1551 4th Avenue 409

Welcome to this beautifully updated condo in the heart of Downtown San Diego. This spacious 1-bed, 1-bath residence offers a rare opportunity to convert into a 2-bedroom layout, providing excellent flexibility and upside potential. Recent upgrades include fresh interior paint throughout, newly painted patio flooring, a brand-new 3-ton HVAC heat pump ($9,400), and real wood Levelor 2-inch Venetian blinds throughout ($7,800). Additional custom improvements include a built-in bookcase with pull-out desk, thoughtfully designed within unused closet space—ideal for a home office or study area. New electrical outlets and color-matched cover plates enhance the living and dining areas, delivering a clean, modern finish. The open-concept living and dining space is filled with natural light and accommodates multiple layout options, making it perfect for modern urban living. The unit also includes a large, dedicated storage unit, a rare and highly desirable feature in Downtown San Diego. Located in a well-maintained community at 1551 4th Avenue, with easy access to Little Italy, Balboa Park, Gaslamp Quarter, dining, shopping, and entertainment. Ideal for owner-occupants or investors seeking a turnkey property with strong conversion potential.

Property Details

Public Facts

Property Type
Condominium
Year Built
1996
Lot Size
0.35 Sq. Ft.

Interior

Total Bedrooms
1
Total Bathrooms
1 (1 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$777.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds1.02.0
43%
Baths1.02.0
38%
Square foot9781,094
43%
Lot Size0.35-
60%
Price$586.0K$725.0K
34%
Price per sq ft$599$695
20%
Built year19962004
18%
HOA$777.0$828
44%
Days on market80180
14%

Pricing History

Listed for Sale

Feb 7, 2026

$585,999

$590,000

-1% Price Drop

Initial Listing

Price Change

Dec 17, 2025

$590,000

Initial Listing

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