2400 5th 203, San Diego, California 92101, San Diego, 92101 - 0 bed, 1 bath
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San Diego, California 92101
This Bankers Hill condominium represents a High-Potential Investment Opportunity, listed at a List Price of $474,900—positioned well above the $426,531 Fair Market Value by -11%. While the property requires a premium, its Fair Condition Rating and original 2003 finishes offer a clear path for value-add renovations. Featuring a private patio, pool, and spa, the unit provides a desirable urban lifestyle near Balboa Park. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants seeking a strategic entry into a prime San Diego neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2400 5th 203 Subject | $469,900* List Price | 0 | 1 | 600 | $688 | - |
A 425 W Beech St 1606 Sold | $465,000 | 1 | 1 | 655 | $710 | 0.8 mi |
B 889 Date St 304 Sold | $442,000 | 1 | 1 | 619 | $714 | 0.6 mi |
C 425 W W Beech St 1353 Sold | $465,000 | 1 | 1 | 661 | $703 | 0.7 mi |
D 1580 Union Street 304 Sold | $502,500 | 1 | 1 | 681 | $738 | 0.7 mi |
E 1435 India St #406 Sold | $445,000 | 1 | 1 | 728 | $611 | 0.8 mi |
F 1642 7th 325 Sold | $479,000 | 1 | 1 | 761 | $629 | 0.6 mi |
G 425 W Beech Street Sold | $459,000 | 1 | 1 | 760 | $604 | 0.8 mi |
H 300 W Beech St 1105 Sold | $580,000 | 1 | 1 | 706 | $822 | 0.7 mi |
I 1970 Columbia St 304 Active | $499,000 List Price | 1 | 1 | 631 | $791 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the property is 23 years old and falls into the Fair category (>20y). While well-maintained, the bathroom and kitchen finishes (oak-style cabinetry, basic tile, and laminate counters) are original and dated, suggesting a need for modern updates.
Situated just steps from Balboa Park and the Cabrillo Bridge, this property offers an exceptional urban lifestyle with immediate access to world-class dining, culture, and recreation.
The Laurel Bay community provides a robust amenity package including a pool, hot tub, fitness center, and reserved parking, which are highly sought-after features in the downtown San Diego market.
The unit maximizes its footprint with a distinct separation between living and sleeping areas, complemented by high-value conveniences like an in-unit washer/dryer and a walk-in closet.
The monthly HOA fee of $750 is relatively high for a 600-square-foot unit, which may impact overall affordability and the property's appeal to budget-conscious buyers or investors.
At only 600 square feet, the compact size of the condominium may limit its appeal to a smaller buyer demographic and presents challenges for those requiring extra storage or a home office.
Step into one of Bankers Hill’s best-kept secrets—where location, lifestyle, and comfort come together in all the right ways. Welcome to Laurel Bay at 2400 5th Avenue, just moments from Balboa Park, Marston Point, and the iconic Cabrillo Bridge. This is more than a home—it’s your front-row seat to some of San Diego’s most beautiful and vibrant surroundings. Inside, the thoughtfully designed layout gives you space where it matters most, including a distinct separation between living and sleeping areas—perfect for both relaxing and entertaining. Natural light pours through a large bay window, creating a warm, inviting atmosphere, while the cozy fireplace adds the perfect touch for cooler evenings. The kitchen features a convenient eat-at counter, ideal for casual dining or hosting friends, and the in-unit washer and dryer make everyday living effortless. You’ll also enjoy a spacious walk-in closet and your own private patio overlooking the community pool—a peaceful retreat right at home. And it doesn’t stop there. Laurel Bay offers resort-style amenities including a pool, hot tub, fitness center, BBQ area, and game room—all in a beautifully maintained community. Plus, you’ll have the convenience of reserved parking in one of San Diego’s most desirable neighborhoods. Live steps from world-class dining, shopping, and culture—this is urban living without compromise. Opportunities like this in Bankers Hill don’t last.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 600 | 999 |
| Lot Size | 60,175 | 84,697.5 |
| Price | $469.9K | $604.2K |
| Price per sq ft | $783 | $618 |
| Built year | 2003 | 1985 |
| HOA | $750.0 | $500 |
| Days on market | 36 | 53 |
Jul 15, 2026
$469,900
$474,900
-1% Price Drop
Initial Listing
Jun 16, 2026
$474,900
Initial Listing
May 14, 2010
$220,000
Public Record
Sep 23, 2005
$340,000
Public Record