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
$434,525
5% BelowMARKET VALUE
SUMMARY
This 1-bedroom, 1-bath condominium represents a Strong Value Opportunity, listed at $409,000—positioned well below the $442,683 Fair Market Value by 7%. This valuation gap offers $33,683 in Instant Equity for the buyer. With a Condition Rating of 3, the unit is move-in ready, featuring updated appliances and a top-floor layout with mountain views. Located in the heart of North Park, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a walkable, urban lifestyle.
Estimated Market Value
$434,525+$25,525 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 |
|---|---|---|---|---|---|---|
★ 2828 University Ave 406 Subject | $409,000* List Price | 1 | 1 | 582 | $747 | - |
A 2828 University Ave 310 Sold | $457,000 | 1 | 1 | 529 | $864 | 0.0 mi |
B 4221 Iowa St 6 Sold | $455,000 | 1 | 1 | 595 | $765 | 0.5 mi |
C 3946 Utah Street 7 Sold | $425,000 | 1 | 1 | 548 | $776 | 0.0 mi |
D 4180 Louisiana St 2i Sold | $390,000 | 1 | 1 | 576 | $677 | 0.5 mi |
E 3790 Florida St C120 Sold | $290,000 | 1 | 1 | 520 | $558 | 0.7 mi |
F 4383 Kansas St 4 Sold | $520,000 | 1 | 1 | 629 | $827 | 0.6 mi |
G 3790 Florida Street Al107 Sold | $415,000 | 1 | 1 | 654 | $635 | 0.7 mi |
H 3790 Florida St Ag07 Sold | $500,000 | 1 | 1 | 654 | $765 | 0.7 mi |
I 4367 Idaho Street Active | $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.
Built in 1997, the property is well-maintained and move-in ready. The kitchen features updated stainless steel appliances and clean cabinetry, indicating it has been kept in functional, modern condition despite the building's 27-year age.
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 a quieter living environment with no neighbors above, enhancing its desirability.
- Essential Building Amenities
The inclusion of secured access, elevator convenience, and assigned parking provides significant value and practicality in a dense metropolitan area where parking is at a premium.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $630 per month is relatively high for a 582-square-foot one-bedroom unit, which may impact overall affordability and investor margins.
- Tenant Occupancy Restrictions
The property is currently tenant-occupied with strict 'do not disturb' instructions, which can complicate the showing process and delay immediate possession for owner-occupants.
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. MAY QUALIFY FOR ZERO-DOWN PAYMENT PROGRAM. Please do not disturb.
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 | 1,002.307 |
| Lot Size | - | 75,574.68 |
| Price | $409.0K | $596.0K |
| Price per sq ft | $703 | $612 |
| Built year | 1997 | 1985 |
| HOA | $630.0 | $529 |
| Days on market | 34 | 55 |
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