1551 4th Avenue 409, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
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San Diego, California 92101
This Spacious Urban Condo is a Strong Value Opportunity listed at $567,999, positioned at its $567,999 Fair Market Value. Boasting a Move-In Ready Condition Rating, the residence features over $17,000 in recent upgrades, including a brand-new 3-ton HVAC system and custom wood Levelor blinds. The generous 978-square-foot layout offers rare 2-bedroom conversion potential, providing a clear path for forced appreciation. Located steps from Little Italy and Balboa Park with a dedicated storage unit, this is a premier choice for Urban Professionals or Owner-Occupants seeking downtown growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1551 4th Avenue 409 Subject | $562,999* List Price | 1 | 1 | 978 | $576 | - |
A 1551 4th Avenue Sold | $615,000 | 2 | 2 | 1,168 | $527 | 0.0 mi |
B 1501 India St 608 Sold | $680,000 | 1 | 2 | 1,049 | $648 | 0.4 mi |
C 1441 9th Avenue 609 Sold | $500,000 | 1 | 1 | 870 | $575 | 0.3 mi |
D 777 6th Ave 135 Sold | $585,000 | 1 | 1 | 873 | $670 | 0.6 mi |
E 889 Date St 234 Sold | $610,000 | 2 | 2 | 904 | $675 | 0.2 mi |
F 425 W Beech St 1003 Sold | $565,000 | 2 | 1 | 822 | $687 | 0.4 mi |
G 1642 7th 421 Active | $495,000 List Price | 1 | 1 | 888 | $557 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and benefits from significant recent capital improvements, including a brand-new $9,400 HVAC system, fresh interior paint, and updated electrical outlets. Although built in 1996, the unit is well-maintained with modern aesthetic touches like real wood Levelor blinds and custom built-ins. The kitchen and bathroom appear updated and functional, meeting the criteria for a well-maintained home with minimal wear and tear.
The generous 978-square-foot layout offers a rare opportunity to convert the space into a two-bedroom residence, providing significant upside potential for equity growth and rental flexibility.
The property features nearly $20,000 in recent high-value upgrades, including a brand-new 3-ton HVAC system and premium wood Levelor blinds, ensuring a turnkey experience with reduced immediate maintenance costs.
Perfectly situated near Little Italy and Balboa Park, the unit includes a large, dedicated storage unit—a highly sought-after and scarce amenity in the Downtown San Diego market.
The association fee of $777 per month is relatively high for a one-bedroom unit, which may impact the debt-to-income ratio for some buyers and overall investment yield.
Despite the large square footage and potential for a second bedroom, the unit only contains one bathroom, which may limit its appeal for families or roommates.
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.
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 | 978 | 1,107 | 40% |
| Lot Size | 0.35 | - | 63% |
| Price | $563.0K | $755.1K | 28% |
| Price per sq ft | $576 | $696 | 17% |
| Built year | 1996 | 2004 | 17% |
| HOA | $777.0 | $896 | 35% |
| Days on market | 126 | 154 | 38% |
Apr 18, 2026
$562,999
$567,999
-1% Price Drop
Initial Listing
Mar 18, 2026
$567,999
$585,999
-3% Price Drop
Initial Listing
Feb 7, 2026
$585,999
$590,000
-1% Price Drop
Initial Listing
Dec 17, 2025
$590,000
Initial Listing