3776 Alabama Street C318, San Diego, California 92104, San Diego, 92104 - 1 bed, 1 bath
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San Diego, California 92104
This top-floor North Park condo is a Prime Investment Opportunity with a List Price of $255,000—positioned well below the $261,700 Fair Market Value by 2%. This valuation gap offers $6,700 in Instant Equity. Despite a Condition Rating of 4 requiring modernization, the unit features rare top-floor privacy and courtyard views. Located near Balboa Park within the San Diego Unified district, this asset includes premium amenities like gated parking and a gym. It is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build equity through updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3776 Alabama Street C318 Subject | $255,000* List Price | 1 | 1 | 378 | $675 | - |
A 3776 Alabama Street C309 Sold | $265,000 | 1 | 1 | 378 | $701 | 0.0 mi |
B 3760 Florida Sold | $290,000 | 0 | 1 | 336 | $863 | 0.1 mi |
C 3796 Alabama Street 311 Active | $258,000 List Price | 1 | 1 | 378 | $683 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1981 (43 years old) and features original kitchen cabinetry and a dated overall aesthetic. While it has been maintained with some updates like vinyl flooring and double-paned windows, the core systems and finishes are over 20 years old and require modernization.
The property is ideally situated in the vibrant North Park area, offering excellent walkability to Balboa Park, Morley Field, and a variety of local shops and restaurants.
This rare top-floor unit features only one common wall and elevator access, providing enhanced privacy and a quieter living environment compared to other units in the complex.
Residents benefit from a wide range of on-site facilities including security gated parking, a gym, library, game room, and additional storage, which are significant value-adds at this price point.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =66211, other record lot size in square feet = 66020.
With only 378 square feet of living area, the unit is exceptionally small, which may limit furniture options and appeal to buyers seeking more spacious accommodations.
Although there are no restrictions on who can own the property, the 55+ age requirement for residents significantly narrows the pool of potential occupants and future buyers.
Cute condo in over age 55 complex with no age restriction on ownership. Located near to stores, shops, public transportation and restaurants. Just blocks from Morley Field and Balboa Park. Unit is clean but may need updating. Upgrades to the original include vinyl floors and double paned windows. This third floor home looks over very well-maintained common area and has elevator access. Rare top floor with only one common wall. Also included is laundry room, gym, game room, library and storage. Also security gated parking is included. Don't miss out on this one!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 378 | 999 |
| Lot Size | 66,211.203 | 84,697.5 |
| Price | $255.0K | $604.2K |
| Price per sq ft | $675 | $618 |
| Built year | 1981 | 1985 |
| HOA | $403.0 | $500 |
| Days on market | 82 | 53 |
May 1, 2026
$255,000
Initial Listing
Aug 31, 2001
$47,000
Public Record
May 28, 1999
$27,000
Public Record