2828 University Ave 406, San Diego, California 92104, San Diego, 92104 - 1 bed, 1 bath
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San Diego, California 92104
This Strong Value Opportunity is a 1-bedroom, 1-bath condominium listed at $425,000, positioned well below the $429,227 Fair Market Value by 1%. This valuation gap offers $4,227 in Instant Equity. Featuring a Fair Condition Rating and a prime North Park location, the unit offers high walkability and proximity to top-rated schools like Jefferson Elementary. While the HOA fees are notable, the property’s top-floor positioning and urban demand make it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, centrally located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2828 University Ave 406 Subject | $425,000* List Price | 1 | 1 | 582 | $738 | - |
A 2828 University Ave 310 Sold | $457,000 | 1 | 1 | 529 | $864 | 0.0 mi |
B 4359 Louisiana St 5 Sold | $475,000 | 1 | 1 | 631 | $753 | 0.7 mi |
C 4146 Hamilton St 14 Sold | $420,000 | 1 | 1 | 620 | $677 | 0.4 mi |
D 4020 Mississippi 2 Sold | $395,000 | 1 | 1 | 547 | $722 | 0.5 mi |
E 4165 Swift Ave 2 Sold | $437,500 | 1 | 1 | 610 | $717 | 0.9 mi |
F 4020 Mississippi St 7 Sold | $389,000 | 1 | 1 | 547 | $711 | 0.5 mi |
G 3946 Utah Street 7 Pending | $429,000 List Price | 1 | 1 | 548 | $783 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997 (27 years old), the property falls into the 'Fair' category based on the age criteria (>20y). While the interior appears clean and move-in ready with updated flooring, the kitchen, baths, and major systems are likely original or dated, suggesting a need for minor updates to meet modern standards.
Situated in the heart of North Park, this property offers exceptional walkability to San Diego's premier dining, breweries, and boutiques, ensuring high lifestyle appeal and long-term demand.
As a top-floor residence, the unit benefits from an efficient open layout with abundant natural light and the absence of overhead neighbors, providing a more private and quiet living environment.
The inclusion of secured access, elevator convenience, and assigned parking provides significant practical value and ease of living in a high-density metropolitan area.
The association fee of $630 per month is relatively high for a 582-square-foot one-bedroom condo, which may impact the overall monthly carrying costs and buyer affordability.
The property is currently tenant-occupied with instructions not to disturb, which can complicate the showing process and delay immediate possession for owner-occupant buyers.
Located in the heart of North Park, 2828 University Ave #406 offers an excellent opportunity to own a stylish and centrally located 1-bedroom, 1-bath condo listed at $425,000. This top-floor residence features an efficient open layout with abundant natural light, creating a comfortable urban living space ideal for first-time buyers, investors, or anyone seeking a low-maintenance lifestyle in one of San Diego’s most vibrant neighborhoods. Positioned directly along University Avenue, the property places you just steps from North Park’s renowned restaurants, coffee shops, breweries, boutiques, and nightlife, while still offering convenient access to freeways and surrounding metro San Diego. The building features secured access, elevator convenience, and assigned parking, making everyday living both practical and walkable. With strong surrounding property values and continued neighborhood demand, this condo presents both lifestyle appeal and long-term upside in a highly desirable San Diego location. PLEASE DO NOT DISTURB TENANT.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 41% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 582 | 783 | 24% |
| Lot Size | - | - | 50% |
| Price | $425.0K | $531.5K | 20% |
| Price per sq ft | $730 | $709 | 65% |
| Built year | 1997 | 1985 | 87% |
| HOA | $630.0 | $371 | 89% |
| Days on market | 39 | 150 | 7% |
May 7, 2026
$425,000
Initial Listing
Jun 6, 2012
$412,500
Public Record
Oct 17, 2008
$5,000,000
Public Record