3535 Madison 232, San Diego, California 92116, San Diego, 92116 - 2 bed, 2 bath
Loading property details...
3535 Madison 232
San Diego, California 92116
ACTIVE
CONDITION: GOOD
2Beds
2Baths
950Sq Ft
93,701Lot Size
Property Price
LIST PRICE$560,000
EST. MARKET VALUE
$602,806
7% BelowMARKET VALUE
SUMMARY
This Turn-Key Condominium is a Strong Value Opportunity, listed at $560,000—positioned well below the $602,807 Fair Market Value by 7%. This valuation gap offers $42,807 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit offers a bright, open floor plan with a Pool View, in-unit laundry, and access to a gym and spa. Located in a Walker’s Paradise near Adams Ave, this property is ideal for Owner-Occupants or first-time buyers seeking a lifestyle-focused, move-in ready home.
Estimated Market Value
$602,806+$42,806 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 |
|---|---|---|---|---|---|---|
★ 3535 Madison 232 Subject | $560,000* List Price | 2 | 2 | 950 | $635 | - |
A 4510 34th St 12 Sold | $599,000 | 2 | 2 | 819 | $731 | 0.2 mi |
B 3535 Madison Ave 134 Sold | $400,000 | 1 | 1 | 650 | $615 | 0.0 mi |
C 4418 36th St. 3 Sold | $575,100 | 2 | 2 | 752 | $765 | 0.2 mi |
D 4584 Felton St 3 Sold | $540,000 | 2 | 2 | 744 | $726 | 0.3 mi |
E 4415 38th St 4 Sold | $604,000 | 2 | 2 | 834 | $724 | 0.4 mi |
F 4732 34th Street 5 Sold | $687,000 | 2 | 2 | 1,100 | $625 | 0.3 mi |
G 4485 Idaho Street 3 Sold | $585,000 | 2 | 2 | 793 | $738 | 1.0 mi |
H 4517 Utah Street 5 Active | $639,900 List Price | 2 | 1 | 894 | $716 | 0.9 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 1984 but well-maintained and marketed as turn-key. Features updated flooring and modern stackable laundry appliances. While the bathroom vanity and fixtures appear dated (15+ years), the overall unit is move-in ready, clean, and functional, fitting the well-maintained criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
Situated in the heart of Normal Heights, this property is a 'Walker’s Paradise' with immediate proximity to the vibrant dining, nightlife, and shopping along Adams Avenue and 30th Street.
- Turn-Key Condition & Layout
This VA-approved unit is move-in ready, featuring a bright, open floor plan, a desirable pool view, and the significant convenience of in-unit laundry.
- Comprehensive Amenities
The Adela community offers a robust amenity package including a pool, spa, gym, and secured entrances, all within a beautifully landscaped and well-maintained environment.
CONSRISKS & DEFICIENCIES
- High HOA Fees
The monthly association fee of $634 is relatively high for this price point, which may impact buyer affordability and monthly carrying costs.
- Limited Parking
The unit only includes one assigned parking spot, which can be a significant drawback for two-bedroom households with multiple vehicles in a high-density neighborhood.
About 3535 Madison 232
Welcome home to the Adela. This light, bright, pool view, 2nd flr unit is turn key and ready for it's new owner. Favorite features this home offers: lots of natural light, open floor plan with large living room and master bedroom, stacked closet in unit laundry and easy access to amenities. 1 parking spot. This community is very well cared for, with gorgeous landscaping throughout. Enjoy the pool/spa, gym, secured entrances, and amazon lockers. LOCATION, LOCATION, LOCATION. Walker's Paradise! Wonderfully nestled in Normal Heights, just off of Adams Ave. Walk to Adams or 30th's restaurants, bars, groceries, etc and have quick access to frwys. HOA covers amenities, exterior & common area maintenance, water, sewer and trash
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- 93,701 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $634.0 / Month
Neighborhood Insights
San Diego Unified Schools
Adams Elementary School
Grades K-5 • 0.1 mi
5/10
Normal Heights Elementary School
Grades K-5 • 0.2 mi
7/10
Edison Elementary School
Grades K-5 • 0.6 mi
7/10
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 | 950 | 1,002.307 |
| Lot Size | 93,701 | 75,574.68 |
| Price | $560.0K | $596.0K |
| Price per sq ft | $589 | $612 |
| Built year | 1984 | 1985 |
| HOA | $634.0 | $529 |
| Days on market | 27 | 55 |
Pricing History
Listed for Sale
Aug 13, 2026
$560,000
Initial Listing
Sold
Mar 30, 2022
$555,000
Public Record
Sold
Aug 21, 2015
$315,000
Public Record
Sold
Jun 26, 2007
$275,000
Public Record