2108 3rd Avenue 1, San Diego, California 92101, San Diego, 92101 - 2 bed, 2 bath
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San Diego, California 92101
This Bankers Hill Condominium is a strategic Asset Acquisition listed at $579,000, reflecting a stable valuation relative to its $540,540 Fair Market Value. The residence maintains a Good Condition Rating, highlighted by a renovated kitchen featuring Dekton countertops, stainless appliances, and a city view balcony. While the "All Cash" restriction and HOA assessment present a barrier, the price remains competitive with recent neighborhood sales averaging over $587,000 within the San Diego Unified district. This property is an optimal opportunity for Buy-and-Hold Investors or Cash Buyers seeking a high-demand urban asset.
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 | $585 | - |
A 1940 3rd Ave 205 Sold | $512,000 | 2 | 2 | 981 | $522 | 0.1 mi |
B 1640 10th Avenue 407 Sold | $629,000 | 2 | 2 | 1,131 | $556 | 0.5 mi |
C 1640 10th Ave 301 Sold | $637,000 | 2 | 2 | 1,147 | $555 | 0.5 mi |
D 425 W Beech St 1003 Sold | $565,000 | 2 | 1 | 822 | $687 | 0.5 mi |
E 425 W Beech St 503 Sold | $585,000 | 2 | 1 | 873 | $670 | 0.5 mi |
F 1333 8th Ave 603 Sold | $599,900 | 2 | 2 | 1,143 | $525 | 0.6 mi |
G 2244 2nd Ave. 25 Pending | $589,000 List Price | 2 | 2 | 1,056 | $558 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property, built in 1980, features a recently updated kitchen with stainless steel appliances, newer cabinets, and modern Dekton countertops, along with updated porcelain wood grain tile flooring and a renovated half bath on the ground floor. While the bedrooms show some wear with older carpet and popcorn ceilings, these are minor cosmetic updates. The significant renovations in key areas make the property largely move-in ready, aligning with the 'Good' condition criteria, despite the building's age and the HOA special assessment for external repairs.
Situated in Bankers Hill, the property offers excellent proximity to Balboa Park, walking distance to restaurants, and easy access to freeways and downtown San Diego, appealing to both residents and investors.
The kitchen has been recently updated with stainless steel appliances, newer cabinets, and Dekton countertops, providing a modern and functional cooking space.
The unit features updated flooring, including porcelain wood grain tile, and an updated stairwell, contributing to a contemporary and appealing aesthetic.
The property is explicitly marketed for 'ALL CASH BUYERS ONLY' due to an impending HOA special assessment, severely limiting financing options and potential purchasers.
A major HOA special assessment for balcony repairs/replacement is due by year-end, representing a substantial, immediate financial obligation for the new owner.
The refrigerator does not convey with the sale, requiring the buyer to incur an additional expense for a new appliance immediately after purchase.
ALL CASH BUYERS ONLY, 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. ALL CASH BUYERS ONLY, due to HOA special assessment for balcony repairs / replacement.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 924 | 1,107 | 35% |
| Lot Size | 9,595 | - | 67% |
| Price | $579.0K | $755.1K | 29% |
| Price per sq ft | $627 | $696 | 33% |
| Built year | 1980 | 2004 | 2% |
| HOA | $325.0 | $896 | 0% |
| Days on market | 183 | 154 | 62% |
Oct 21, 2025
$579,000
Initial Listing