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2400 5th Avenue 225, San Diego, California 92101, San Diego, 92101 - 2 bed, 2 bath

2400 5th Avenue 225, San Diego, California 92101 home-pic-0
ACTIVE$835,000
2400 5th Avenue 225, San Diego, California 92101
2Beds
2Baths
1,107Sqft
60,175Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Accessibility: Nestled one block from Balboa Park and moments from Mission Hills, Hillcrest, and Little Italy, offering unparalleled access to culinary delights, museums, and central San Diego attractions.
Top Cons:
Significant Monthly HOA Fees: The association fee of $685.00 per month is a notable recurring expense that buyers must factor into their budget.

Compared to the nearby listings

Price:$835.0K vs avg $699.0K (+$136,000)63%
Size:1,107 sqft vs avg 1,056 sqft54%
Price/sqft:$754 vs avg $69463%

More Insights

Built in 2003 (22 years old).
Condition: The property, built in 2003 (21 years ago), is well-maintained and described as 'turnkey' with recent paint. However, the kitchen and bathrooms, while featuring granite countertops and tile flooring, exhibit styles (e.g., maple cabinets, Hollywood strip lighting in the primary bath) that are characteristic of its early 2000s construction and appear largely original or last updated 15-20 years ago. The Berber carpet in living areas and bedrooms, while clean, also contributes to a dated aesthetic. A significant factor is the absence of central air conditioning, which is a notable drawback for a property of this age and location. While functional, these elements indicate the property is aged and would benefit from minor updates to meet current aesthetic and comfort standards.
Year Built
2003
Close
-
List price
$835K
Original List price
$898K
Price/Sqft
$754
HOA
$685
Days on market
-
Sold On
-
MLS number
NDP2503043
Home ConditionFair
Features
Good View: City Lights
Deck
ViewCity Lights

About this home

Two very respectable price adjustments on this amazing 2nd level unit at the coveted Laurel Bay in Banker's Hill! The first two bedroom, two bath floorplan available since late 2023 with a charming balcony offering Balboa Park views and bursting with the vibes one seeks in a potential 2nd home, vacation home OR primary residence. Nestled one block from Balboa Park, moments from Mission Hills, Hillcrest and Little Italy - the location could not be more perfect for those who like to take advantage of culinary delights, museums, walks in the park and central accessibility. This home is turnkey and ready for its next owners ~ recently painted in soft neutral tones and fine-tuned to perfection. Your future home offers Maple flooring & Berber carpet in main living areas with tile in the kitchen and bathrooms. Granite counters throughout. Custom lighting throughout. A generous walk-in closet in 2nd bedroom and TWO closets in primary bedroom provides ample storage. The well-maintained and highly desirable Laurel Bay community puts your HOA dollars to work efficiently ~ offering lovely common areas, a game room, exercise room, pool/spa and lovely garden areas.

Condition Rating
Fair
The property, built in 2003 (21 years ago), is well-maintained and described as 'turnkey' with recent paint. However, the kitchen and bathrooms, while featuring granite countertops and tile flooring, exhibit styles (e.g., maple cabinets, Hollywood strip lighting in the primary bath) that are characteristic of its early 2000s construction and appear largely original or last updated 15-20 years ago. The Berber carpet in living areas and bedrooms, while clean, also contributes to a dated aesthetic. A significant factor is the absence of central air conditioning, which is a notable drawback for a property of this age and location. While functional, these elements indicate the property is aged and would benefit from minor updates to meet current aesthetic and comfort standards.
Pros & Cons

Pros

Prime Location & Accessibility: Nestled one block from Balboa Park and moments from Mission Hills, Hillcrest, and Little Italy, offering unparalleled access to culinary delights, museums, and central San Diego attractions.
Exceptional Community Amenities: The Laurel Bay community provides a game room, exercise room, pool/spa, and lovely garden areas, enhancing lifestyle and value for residents.
Turnkey Condition & Quality Finishes: The home is recently painted in neutral tones, features Maple flooring, Berber carpet, granite counters, and custom lighting, making it move-in ready.
Balboa Park Views & Balcony: A charming balcony offers desirable views of Balboa Park, providing a private outdoor retreat and enhancing the unit's appeal.
Versatile Use & Desirable Floorplan: Suitable as a primary residence, second home, or vacation property, and represents the first 2-bedroom, 2-bath floorplan available in the community since late 2023, indicating rarity.

Cons

Significant Monthly HOA Fees: The association fee of $685.00 per month is a notable recurring expense that buyers must factor into their budget.
Absence of Central Air Conditioning: The property description does not mention a cooling system, which could be a drawback during warmer months in San Diego for a unit built in 2003.
Limited Private Outdoor Space: As a condominium, private outdoor space is restricted to the balcony, which may not appeal to buyers seeking a larger yard or patio area.

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