2108 3rd Avenue 1, San Diego, California 92101, San Diego, 92101 - 2 bed, 2 bath
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San Diego, California 92101
This Updated Bankers Hill Condominium is listed at $579,000, positioned slightly above the $547,327 Fair Market Value to reflect its high-end interior renovations. Maintaining a Condition Rating of 4, the unit features Dekton countertops, stainless steel appliances, and porcelain wood-grain tile flooring. However, the property faces a $7,500 special assessment and pending structural balcony repairs that currently limit traditional financing options. Located steps from Balboa Park with two carport spaces and a city-view balcony, this asset offers significant long-term appreciation potential once structural remediations are complete. This is a strategic acquisition for Cash-Ready Investors or Value-Add Buyers looking to secure a footprint in a premier San Diego neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2108 3rd Avenue 1 Subject | $579,000* List Price | 2 | 2 | 924 | $592 | - |
A 1940 3rd Ave 205 Sold | $512,000 | 2 | 2 | 981 | $522 | 0.1 mi |
B 1601 India St 116 Sold | $507,000 | 2 | 2 | 932 | $544 | 0.5 mi |
C 801 W W Hawthorn St 203 Sold | $620,000 | 2 | 3 | 1,018 | $609 | 0.1 mi |
D 889 Date St 234 Sold | $610,000 | 2 | 2 | 904 | $675 | 0.5 mi |
E 1435 India Street 409 Sold | $566,000 | 2 | 2 | 894 | $633 | 0.6 mi |
F 1333 8th Ave 603 Sold | $599,900 | 2 | 2 | 1,143 | $525 | 0.6 mi |
G 1580 Union 109 Active | $725,000 List Price | 2 | 2 | 943 | $769 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the interior features modern updates such as Dekton countertops, stainless appliances, and porcelain wood-grain tile, the 1980s structure shows its age with popcorn ceilings. Most significantly, the property faces substantial special assessments for structural balcony repairs that currently impact financing, necessitating repairs beyond simple cosmetic maintenance.
Situated in Bankers Hill near Balboa Park, the property offers excellent walkability to restaurants and quick access to downtown San Diego and major freeways.
The unit features a renovated kitchen with Dekton countertops and stainless steel appliances, complemented by durable porcelain wood-grain tile flooring throughout.
Includes two dedicated carport spaces and a private storage locker, providing significant value and convenience in a dense urban environment.
The property is subject to a $7,500 special assessment for balcony repairs, with additional costs pending final bids, creating an immediate financial burden for the buyer.
Ongoing structural repairs and pending assessments may complicate or prevent buyers from securing traditional financing, potentially limiting the pool to cash or non-conforming buyers.
Great starter place or investment property in Bankers Hill near Balboa Park and walking distance to restaurants. Easy access to freeway and downtown San Diego. Both bedrooms are upstairs, kitchen has been updated with stainless steel appliances, newer cabinets and Dekton countertops. Ground floor half bath, flooring and stairwell are also updated. Flooring is porcelain wood grain tile. Unit has stack washer / dryer on ground floor, city view balcony off primary bedroom, 2 spaces in carport, and a storage locker. 6 unit complex. Refrigerator does not convey, all other appliances in unit stay. Unit has the first 2 parking spaces next to the entry gate in the 3rd Avenue carport area. Each unit has a $7500 special assessment for balcony repairs / replacement. Additional assessment pending final bids on balcony work for each unit. This may limit or impact Buyer's ability to obtain financing at this time.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 924 | 999 |
| Lot Size | 9,595 | 84,697.5 |
| Price | $579.0K | $604.2K |
| Price per sq ft | $627 | $618 |
| Built year | 1980 | 1985 |
| HOA | $425.0 | $500 |
| Days on market | 83 | 53 |
May 1, 2026
$579,000
Initial Listing