2040 Cerrissa Court C, San Diego, California 92154, San Diego, 92154 - 3 bed, 3 bath
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2040 Cerrissa Court C
San Diego, California 92154
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,200Sq Ft
79,714.797Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$529,650
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $499,000—positioned well below the $529,650 Fair Market Value by 5%. This valuation gap offers $30,650 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home requires cosmetic TLC, yet offers a functional layout with a large, enclosed patio and attached garage. Located within the Sweetwater Union High School District, this is a Buy-and-Hold Investor asset or a first-time buyer project.
Estimated Market Value
$529,650+$30,650 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2040 Cerrissa Court C Subject 3 bd · 3 ba · 1,200 sqft · $441 | $499,000* List Price | 3 | 3 | 1,200 | $441 | - |
A 818 Hollister Street B Sold 3 bd · 3 ba · 1,386 sqft · $451 · 0.3 mi | $624,500 | 3 | 3 | 1,386 | $451 | 0.3 mi |
B 2527 Caminito Avellano Sold 4 bd · 2 ba · 1,438 sqft · $416 · 0.9 mi | $598,000 | 4 | 2 | 1,438 | $416 | 0.9 mi |
C 2531 Caminito Hiedra Sold 4 bd · 2 ba · 1,438 sqft · $414 · 0.9 mi | $595,000 | 4 | 2 | 1,438 | $414 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1984 (40 years old) with evidence of a mid-life renovation (granite countertops and laminate flooring). The interior features dated elements like popcorn ceilings and older cabinetry; the listing explicitly mentions the need for TLC and finishing touches, fitting the 'dated with minor repairs' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Equity Building Opportunity
Priced competitively under $500,000 in the San Diego market, this property serves as an ideal entry-level investment for buyers looking to build immediate sweat equity through cosmetic renovations.
- Private Outdoor Space
The inclusion of a large, enclosed patio is a rare and highly desirable feature for a condominium, providing a versatile area for pets, gardening, or private outdoor entertaining.
- Functional Layout and Parking
The two-story floor plan efficiently separates living and sleeping quarters, complemented by the convenience of an attached one-car garage with integrated laundry facilities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =79714, other record lot size in square feet = 79644.
- Deferred Maintenance
The property is explicitly marketed as needing 'TLC,' indicating that the buyer will need to budget for immediate repairs and updates to address its current condition.
- Modest School Ratings
The assigned elementary and middle schools currently hold lower performance ratings, which may impact the property's long-term appreciation and appeal to education-focused families.
About 2040 Cerrissa Court C
Discover the potential in this two-story, 3-bedroom, 2.5-bath condo offering approximately 1,200 sq. ft. of living space! The functional floor plan features a welcoming living area, a practical kitchen, and a convenient main-level powder room. Upstairs, you’ll find all three bedrooms, including a primary bedroom with its own bathroom. Enjoy the added outdoor space of a large, enclosed patio—perfect for relaxing, entertaining, pets, or creating your own private retreat. Additional features include an attached one-car garage with washer and dryer. This property is ready for a little TLC and your personal vision. Bring your ideas, add your finishing touches, and unlock the potential to make this condo shine. A great opportunity for buyers looking to build equity and make a space their own!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- 79,714.797 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $363.0 / Month
Neighborhood Insights
San Diego Unified Schools
Teofilo Mendoza School
Grades K-6 • 0.4 mi
3/10
Mar Vista Academy
Grades 7-8 • 0.7 mi
3/10
Southwest Senior High School
Grades 9-12 • 1.0 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,200 | 1,018.142 |
| Lot Size | 79,714.797 | 75,257.211 |
| Price | $499.0K | $598.4K |
| Price per sq ft | $416 | $607 |
| Built year | 1984 | 1986 |
| HOA | $363.0 | $536 |
| Days on market | 5 | 58 |
Pricing History
Listed for Sale
Oct 20, 2026
$499,000
Initial Listing