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

1551 4th Avenue 409
San Diego, California 92101
Property Price
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
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 43% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 978 | 1,094 | 43% |
| Lot Size | 0.35 | - | 60% |
| Price | $586.0K | $725.0K | 34% |
| Price per sq ft | $599 | $695 | 20% |
| Built year | 1996 | 2004 | 18% |
| HOA | $777.0 | $828 | 44% |
| Days on market | 80 | 180 | 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



























