2828 University Ave 406, San Diego, California 92104, San Diego, 92104 - 1 bed, 1 bath
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2828 University Ave 406
San Diego, California 92104
ACTIVE
CONDITION: GOOD
1Beds
1Baths
582Sq Ft
0Lot Size
Property Price
LIST PRICE$409,000
EST. MARKET VALUE
$419,665
SUMMARY
This Prime Investment Opportunity is listed at a List Price of $409,000, positioned well below the $419,666 Fair Market Value by 2%. This valuation gap offers $10,666 in Instant Equity. Featuring a Condition Rating of 3, the unit is move-in ready with modern cosmetic updates. Located in the heart of North Park, this property offers high rental demand and walkability. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance urban lifestyle.
Estimated Market Value
$419,665
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 |
|---|---|---|---|---|---|---|
★ 2828 University Ave 406 Subject 1 bd · 1 ba · 582 sqft · $721 | $409,000* List Price | 1 | 1 | 582 | $721 | - |
A 3946 Utah Street 7 Sold 1 bd · 1 ba · 548 sqft · $776 · 0.0 mi | $425,000 | 1 | 1 | 548 | $776 | 0.0 mi |
B 4221 Iowa St 6 Sold 1 bd · 1 ba · 595 sqft · $765 · 0.5 mi | $455,000 | 1 | 1 | 595 | $765 | 0.5 mi |
C 4180 Louisiana St 2i Sold 1 bd · 1 ba · 576 sqft · $677 · 0.5 mi | $390,000 | 1 | 1 | 576 | $677 | 0.5 mi |
D 3790 Florida St Ag07 Sold 1 bd · 1 ba · 654 sqft · $765 · 0.7 mi | $500,000 | 1 | 1 | 654 | $765 | 0.7 mi |
E 3790 Florida St C120 Sold 1 bd · 1 ba · 520 sqft · $558 · 0.7 mi | $290,000 | 1 | 1 | 520 | $558 | 0.7 mi |
F 3790 Florida Street Al107 Sold 1 bd · 1 ba · 654 sqft · $635 · 0.7 mi | $415,000 | 1 | 1 | 654 | $635 | 0.7 mi |
G 4383 Kansas St 4 Sold 1 bd · 1 ba · 629 sqft · $827 · 0.6 mi | $520,000 | 1 | 1 | 629 | $827 | 0.6 mi |
H 3790 Florida St A102 A102 Sold 0 bd · 1 ba · 520 sqft · $683 · 0.7 mi | $355,000 | 0 | 1 | 520 | $683 | 0.7 mi |
I 4367 Idaho Street Active 1 bd · 1 ba · 600 sqft · $683 · 0.5 mi | $410,000 List Price | 1 | 1 | 600 | $683 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1997 (making it 29 years old), the condo shows signs of a cosmetic renovation within the last 5-15 years, featuring modern light-colored flooring, updated trim, and clean paint. The unit is functional, well-maintained, and move-in ready, though the presence of a portable AC unit suggests older or limited HVAC systems.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated in the heart of North Park, the property offers exceptional walkability to renowned dining, breweries, and boutiques, ensuring high rental demand and lifestyle appeal.
- Top-Floor Positioning
As a top-floor residence, the unit benefits from abundant natural light and an efficient open layout without the disturbance of overhead neighbors.
- Essential Urban Amenities
The inclusion of assigned parking, secured building access, and elevator convenience provides significant value and practicality in a dense metropolitan neighborhood.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $630 is relatively high for a 582-square-foot one-bedroom unit, which may impact the overall affordability and monthly carrying costs for buyers.
- Compact Living Space
With under 600 square feet of living area, the unit offers a limited footprint that may not suit buyers looking for extra storage or flexible work-from-home space.
About 2828 University Ave 406
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 $409,000. 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. Unit is currently being occupied by a month to month tenant.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1997
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $630.0 / Month
Neighborhood Insights
San Diego Unified Schools
Jefferson Elementary School
Grades K-5 • 0.1 mi
6/10
Roosevelt International Middle School
Grades 6-8 • 1.0 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 582 | 1,018.142 |
| Lot Size | - | 75,257.211 |
| Price | $409.0K | $598.4K |
| Price per sq ft | $703 | $607 |
| Built year | 1997 | 1986 |
| HOA | $630.0 | $536 |
| Days on market | 80 | 58 |
Pricing History
Listed for Sale
Aug 6, 2026
$409,000
Initial Listing
Sold
Jun 6, 2012
$412,500
Public Record
Sold
Oct 17, 2008
$5,000,000
Public Record