1642 7th 421, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
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San Diego, California 92101
This Turnkey Condominium is a Strong Value Opportunity, listed at $487,000—positioned well below the $562,430 Fair Market Value by 13%. This valuation gap offers $75,430 in Instant Equity for the buyer. Featuring a Good Condition Rating, the unit includes modern smart-home upgrades, black stainless-steel appliances, and a balcony with bay views. Located in the heart of Cortez Hill, this property is an ideal choice for first-time buyers or owner-occupants seeking a move-in ready urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1642 7th 421 Subject | $487,000* List Price | 1 | 1 | 888 | $604 | - |
A 425 W Beech Street Sold | $459,000 | 1 | 1 | 760 | $604 | 0.5 mi |
B 889 Date St 234 Sold | $610,000 | 2 | 2 | 904 | $675 | 0.1 mi |
C 1435 India St #406 Sold | $445,000 | 1 | 1 | 728 | $611 | 0.6 mi |
D 1441 9th Avenue 609 Sold | $500,000 | 1 | 1 | 870 | $575 | 0.2 mi |
E 425 W W Beech St 1353 Sold | $465,000 | 1 | 1 | 661 | $703 | 0.2 mi |
F 1494 Union St 908 Sold | $620,000 | 1 | 1 | 873 | $710 | 0.4 mi |
G 1465 C St. 3311 Sold | $360,000 | 1 | 1 | 721 | $499 | 0.6 mi |
H 425 W Beech St 1003 Sold | $565,000 | 2 | 1 | 822 | $687 | 0.5 mi |
I 1501 Front Street 414 Active | $544,900 List Price | 1 | 1 | 845 | $645 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004 (20 years old), the property is well-maintained and move-in ready. It features recent updates including new carpet, newer black stainless-steel kitchen appliances, and modern smart-home systems (Nest, smart thermostat). The interior condition and recent refreshes align with the 'Good' criteria for its age bracket.
Situated in the desirable Cortez Hill neighborhood, the property offers a peaceful residential feel while remaining within walking distance of Little Italy, Balboa Park, and the Gaslamp Quarter.
The unit is move-in ready with new carpet, an updated kitchen featuring black stainless-steel appliances, and integrated smart-home technology including Google Nest and keyless entry.
Being both VA and FHA approved, this property is accessible to a wider range of buyers, including those looking for low-down-payment financing options in a competitive urban market.
The monthly HOA fee of $634.47 is relatively high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratio for some prospective buyers.
With only one bedroom and one bathroom, the property may have limited appeal for growing families or those requiring a dedicated home office space separate from the main living area.
Welcome home to The Mills atop of beautiful Cortez Hill! This spacious corner VA and FHA approved unit features new carpet, updated kitchen with newer black stainless-steel appliances, and stackable in-unit washer and dryer. Smart-home upgrades include Google Nest keyless entry, smart thermostat, and integrated fire alarms. The home also features a balcony with views of Balboa Park and the bay. Building amenities include underground garage parking, fully equipped fitness center, private storage unit, additional street parking permits, and access to the historic Mills House clubhouse. The location is perfect for an active lifestyle. Minutes from Cal Western Law School, Balboa Park, Little Italy, Bankers Hill, Gaslamp, Petco Park, the Embarcadero, and the airport. Walk to restaurants, the farmer's market, concerts, entertainment, and outdoor recreation—while still feeling tucked away from downtown’s hustle! With all this at your fingertips, this home is a must see!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 888 | 999 |
| Lot Size | - | 84,697.5 |
| Price | $487.0K | $604.2K |
| Price per sq ft | $548 | $618 |
| Built year | 2004 | 1985 |
| HOA | $634.47 | $500 |
| Days on market | 44 | 53 |
Jun 8, 2026
$487,000
Initial Listing
Nov 25, 2020
$369,000
Public Record
Apr 27, 2016
$355,000
Public Record
Apr 16, 2010
$226,000
Public Record
Nov 18, 2004
$409,500
Public Record