1642 7th Avenue 424, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
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San Diego, California 92101
This Turnkey Condominium represents a Strong Value Opportunity, listed at $497,000—positioned well below the $521,118 Fair Market Value by 4%. This valuation gap provides $24,118 in Instant Equity. Featuring a Condition Rating of 3, the unit includes a Granite Kitchen, wide-plank flooring, and a private balcony with city views. Located in the historic Cortez Hill neighborhood, this property is an ideal match for first-time buyers or urban professionals seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1642 7th Avenue 424 Subject | $497,000* List Price | 1 | 1 | 747 | $698 | - |
A 1642 7th Ave 223 Sold | $435,000 | 1 | 1 | 757 | $575 | 0.0 mi |
B 425 W W Beech St 1353 Sold | $465,000 | 1 | 1 | 661 | $703 | 0.2 mi |
C 1240 India Street 1004 Sold | $565,000 | 1 | 1 | 724 | $780 | 0.6 mi |
D 1240 India Street 1205 Sold | $475,000 | 1 | 1 | 680 | $699 | 0.6 mi |
E 300 W Beech St 1105 Sold | $580,000 | 1 | 1 | 706 | $822 | 0.4 mi |
F 2400 5th Ave 326 Sold | $600,000 | 1 | 1 | 801 | $749 | 0.6 mi |
G 1050 Island Avenue 711 Pending | $580,000 List Price | 1 | 1 | 814 | $713 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this 20-year-old property is well-maintained and move-in ready. The kitchen features functional granite countertops and updated stainless steel appliances, while the living area has been refreshed with modern wide-plank flooring. The bathroom and cabinetry appear original but are in clean, functional condition.
Situated in the sought-after Cortez Hill neighborhood, this property offers a unique blend of urban convenience and a quieter residential atmosphere, complemented by the historic charm of The Mills complex.
The unit is move-in ready with modern upgrades including wide-plank flooring, granite countertops, stainless steel appliances, and the highly convenient addition of an in-unit washer and dryer.
The inclusion of a dedicated underground parking space and a private storage locker provides significant added value and functionality rarely found in all downtown one-bedroom units.
The association fee of $611 per month is relatively high for a one-bedroom condo, which may impact the overall affordability and debt-to-income ratio for potential buyers.
The current list price of $497,000 is notably lower than the previous sale price of $525,000 in early 2024, suggesting a recent downward trend in the unit's market valuation.
Discover this desirable east-facing gem--a light filled 1 bedroom, 1 bath condo with an airy, open feel. The generous living space features wide-plank flooring, stainless steel appliances, granite counters, floating cabinetry, in-unit washer/dryer, and a private balcony. One underground parking space and storage locker! Perfectly positioned in the sought-after neighborhood of Cortez Hill, The Mills offers a unique blend of urban convenience and neighborhood charm with elevated setting showcasing captivating city views, lush greenery, & picturesque surroundings. Amenities are centered around the Historic 1900s Craftsman-style Mills House, featuring a clubhouse with a full kitchen, entertainment lounge, billiards table, & fireplace. Additional amenities include a fitness center, BBQ area, & a welcoming lobby. This well-appointed building combines comfort, character, and convenience in one of downtown San Diego’s most desirable communities.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 42% |
| Baths | 1.0 | 2.0 | 37% |
| Square foot | 747 | 1,103 | 20% |
| Lot Size | - | - | 50% |
| Price | $497.0K | $749.0K | 22% |
| Price per sq ft | $665 | $688 | 44% |
| Built year | 2004 | 2004 | 50% |
| HOA | $611.0 | $897 | 12% |
| Days on market | 13 | 145 | 7% |
Jun 2, 2026
$497,000
Initial Listing
Mar 13, 2024
$525,000
Public Record
Feb 26, 2018
$400,000
Public Record
Mar 15, 2012
$202,000
Public Record
Oct 30, 2009
$190,000
Public Record
Nov 15, 2004
$399,500
Public Record