2825 3rd Avenue 205, San Diego, California 92103, San Diego, 92103 - 2 bed, 2 bath
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2825 3rd Avenue 205
San Diego, California 92103
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
949Sq Ft
14,810.4Lot Size
Property Price
LIST PRICE$579,000
EST. MARKET VALUE
$642,586
9% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $579,000—positioned well below the $642,587 Fair Market Value by 9%. This valuation gap provides $63,587 in Instant Equity for the buyer. Featuring a Mint Condition Rating with recent renovations, modern navy cabinetry, and newer HVAC, this unit offers a versatile bonus room perfect for a home office. Located in a prime urban corridor, this property is an ideal acquisition for first-time buyers or urban professionals seeking immediate, high-quality city living.
Estimated Market Value
$642,586+$63,586 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 |
|---|---|---|---|---|---|---|
★ 2825 3rd Avenue 205 Subject 2 bd · 2 ba · 949 sqft · $677 | $579,000* List Price | 2 | 2 | 949 | $677 | - |
A 3666 3rd Avenue 105 Sold 2 bd · 2 ba · 1,042 sqft · $648 · 0.7 mi | $675,000 | 2 | 2 | 1,042 | $648 | 0.7 mi |
B 836 W Pennsylvania Ave 317 Sold 2 bd · 2 ba · 950 sqft · $726 · 0.9 mi | $690,000 | 2 | 2 | 950 | $726 | 0.9 mi |
C 3266 1st Ave 13 Sold 1 bd · 2 ba · 934 sqft · $584 · 0.3 mi | $545,000 | 1 | 2 | 934 | $584 | 0.3 mi |
D 3650 5th Avenue 208 Sold 2 bd · 2 ba · 1,053 sqft · $693 · 0.7 mi | $730,000 | 2 | 2 | 1,053 | $693 | 0.7 mi |
E 140 Walnut 4b Sold 2 bd · 2 ba · 1,158 sqft · $643 · 0.5 mi | $745,000 | 2 | 2 | 1,158 | $643 | 0.5 mi |
F 3650 5th Avenue 606 Sold 2 bd · 2 ba · 1,055 sqft · $640 · 0.7 mi | $675,000 | 2 | 2 | 1,055 | $640 | 0.7 mi |
G 3644 3rd Ave 5 Active 2 bd · 2 ba · 870 sqft · $782 · 0.6 mi | $679,990 List Price | 2 | 2 | 870 | $782 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1988, the unit has undergone a comprehensive recent renovation (likely within the last 5 years) featuring modern wide-plank flooring, a refreshed kitchen with contemporary navy cabinetry and stainless appliances, and updated bathrooms. The inclusion of newer HVAC and updated windows confirms a mint condition status with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated across from Olive Tree Park with immediate proximity to Hillcrest, Little Italy, and Balboa Park, this property offers an exceptional walkscore and access to San Diego's best dining and culture.
- Versatile Living Space
The unique addition of a bonus room enclosed by French doors provides rare flexibility for a dedicated home office or guest room, maximizing the utility of the 949-square-foot layout.
- Key Infrastructure Upgrades
The unit features significant value-add improvements including newer HVAC, updated windows, and two coveted underground gated parking spots, which are premium assets in this high-density neighborhood.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =14810, other record lot size in square feet = 14874. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- High Monthly Carrying Costs
The $641 monthly association fee is relatively high for a mid-sized condo, which may impact overall affordability and debt-to-income ratios for prospective buyers.
- Compact Room Dimensions
With under 1,000 square feet split between two bedrooms and a bonus room, the individual living areas may feel constrained for those requiring larger furniture or open-concept layouts.
About 2825 3rd Avenue 205
This nicely updated 2 bed, 2 bath condo comes with 2 secured parking spots!!! Approx. 949 square feet of living space in a secured building across from Olive Tree Park. The home features an additional room enclosed by French doors, providing a versatile space for a home office or guest space. Additional features include updated windows, newer HVAC, in-unit washer and dryer, and 2 underground gated parking spots. Easy access to neighborhood restaurants and coffee shops. Hillcrest, Little Italy, Downtown San Diego and Balboa Park all nearby. A great opportunity to enjoy city living with so much of San Diego close at hand!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- 14,810.4 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $641.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 949 | 1,018.142 |
| Lot Size | 14,810.4 | 75,257.211 |
| Price | $579.0K | $598.4K |
| Price per sq ft | $610 | $607 |
| Built year | 1988 | 1986 |
| HOA | $641.0 | $536 |
| Days on market | 10 | 58 |
Pricing History
Listed for Sale
Oct 15, 2026
$579,000
Initial Listing
Sold
Apr 1, 2020
$437,000
Public Record
Sold
Sep 24, 2015
$390,000
Public Record
Sold
Dec 29, 2005
$359,000
Public Record
Sold
Aug 23, 2000
$172,000
Public Record
Sold
Jun 30, 1999
$116,000
Public Record