3535 1st Ave Unit 4D, California, San Diego, 92103 - 2 bed, 2 bath

3535 1st Ave Unit 4D

California

ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,549Sq Ft
20,769Lot Size

Property Price

LIST PRICE$875,000

SUMMARY

Analysis of 3535 1st Ave Unit 4D, California is currently available with a list price of $875,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the California Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

While the property was built in 1973, the listing explicitly states it is an 'updated southern facing unit' and mentions a paid $65k assessment for 'updates.' This indicates significant renovations have been undertaken, making the unit move-in ready with modern features. Without images or specific details on the age of kitchen appliances, bathroom fixtures, or flooring, it's difficult to confirm if all components are 'virtually new' for an 'Excellent' rating. However, the 'updated' status strongly suggests the property has been extensively renovated within the last 5-15 years, aligning with a 'Good' condition score.

PROSSTRENGTHS & OPPORTUNITIES

  • Panoramic Views

    The unit boasts exceptional southern-facing views of Point Loma, the Bay, Coronado, city lights, and fireworks, with floor-to-ceiling windows maximizing the visual appeal.

  • Historical Landmark & Tax Savings

    Recently designated a Historical Landmark, the property qualifies for the Mills Act, offering significant and welcomed property tax savings.

  • Iconic Architecture & Prestige

    Designed by renowned architect William Krisel, Century Plaza Towers is a San Diego icon, providing a prestigious and architecturally significant living experience.

CONSRISKS & DEFICIENCIES

  • High Monthly Association Fee

    The association fee of $1070.0 per month is substantial and could be a significant ongoing cost for potential buyers, despite the Mills Act tax savings.

  • Absence of Mentioned Cooling System

    The property description does not mention a cooling system (e.g., central AC), which could be a drawback for comfort during warmer months, especially with floor-to-ceiling windows.

  • Building Age

    Built in 1973, while iconic, the building's age may raise concerns about the condition of original systems or potential for future maintenance needs not covered by the recent assessment.

About 3535 1st Ave Unit 4D

Century Plaza Towers designed by renowned architect William Krisel, is a San Diego icon. Recently designated Historical Landmark, the Mills Act offers welcomed tax savings. Rarely does an updated southern facing unit with Pt Loma, peaks of the Bay, Coronado, firework shows, and City views from the living room become available - barring May-gray haze, the crisp blue water leads to one of the Coronado Islands. Single level interior with no shared walls is bright and flooded with natural light through the floor-to-ceiling windows. An extra large primary contains 2 closets; a walk-in and another to spare. The open and spacious floor-plan is an entertainer’s delight and simply not to be missed. BILLION dollar views beget the penthouse common areas and features 360 degrees of jaw dropping splendor containing an airy open gym with unparalleled views, billiards, sauna, and entertaining foray w/ mid-century light fixtures, fireplace and decor. Perfect location to bring your chef and throw an elegant soiree. A 65k assessment for updates is already paid for the next owner’s benefit, coupled alongside the newly approved historical designation - this is the ultimate lifestyle wrapped in smart future planning and savings. Enjoy this truly special location in sunny Bankers Hill and have the best of all the cultural events, outdoor activities, close proximity to all the most delicious restaurants of Hillcrest, Balboa Park, Little Italy, and Downtown. Complex Features: ,,,, Equipment: Dryer, Washer Sewer: Sewer Connected Topography: LL

Property Details

Public Facts

Property Type
Condominium
Year Built
1973
Lot Size
20,769 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$1070.0 / Month

Neighborhood Insights

California Unified Schools

Florence Elementary School

Grades K-5 • 0.4 mi

8/10

Washington Elementary School

Grades K-5 • 1.3 mi

5/10

Birney Elementary School

Grades K-5 • 1.3 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,5491,188
75%
Lot Size20,769-
81%
Price$875.0K$780.0K
59%
Price per sq ft$565$711
9%
Built year19731989
19%
HOA$1070.0$650
77%
Days on market1307162
0%

Pricing History

Listed for Sale

Aug 8, 2022

$875,000

Initial Listing

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