
San Diego, California 92104
This property presents a High-Potential Investment Opportunity with a List Price of $249,000—positioned well below the $247,470 Fair Market Value (Note: Price is at market parity). With a Condition Rating of 5, this unit requires a full interior refresh to modernize the original 1981 finishes. Located in a prime North Park enclave near Balboa Park, the asset offers significant rental demand for 55+ residents. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Renovators seeking a low-entry-point project in a high-walkability neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3796 Alabama Subject | $247,000* List Price | 1 | 1 | 378 | $654 | - |
A 3776 Alabama Street C309 Sold | $265,000 | 1 | 1 | 378 | $701 | 0.0 mi |
B 3776 Alabama St C304 Active | $260,000 List Price | 1 | 1 | 378 | $688 | - |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1981 (45 years old) with no evidence of recent renovations, placing it in the >30y category. The kitchen features original oak cabinetry, laminate countertops, and popcorn ceilings. The listing explicitly states the unit 'needs a bit of TLC,' indicating it requires a full rehab to meet modern standards.
Villa Sao Miguel offers a cozy, quiet 1-bedroom, 1-bath, 378 sq. ft. first-floor, street-level unit with no stairs. It’s in a prime spot on the western edge of North Park, close to Hillcrest, Balboa Park’s Morley Field, charming historic neighborhoods, great shopping, dining, and recreation. Morley Field, just blocks away, has swimming and tennis, with easy access to Balboa Park via Alabama Street. Residents must be 55+, but buyers can be any age. The complex boasts amenities like billiards, a craft room, library, fitness room, and laundry facilities—all conveniently on the same floor as this condo. Each unit includes storage space and access to gated, unassigned off-street parking on a first-come basis. The community also has elevator access and plenty of peaceful indoor and outdoor seating areas. The $403/month HOA fee covers water, trash, sewer, common area upkeep, landscaping, building maintenance, limited insurance, and pest control. A single Murphy bed set up in the living room for sleeping options. This condo is priced to sell as it just needs a bit of TLC.
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 | 66,056 | 84,697.5 |
| Price | $247.0K | $604.2K |
| Price per sq ft | $653 | $618 |
| Built year | 1981 | 1985 |
| HOA | $403.0 | $500 |
| Days on market | 28 | 53 |
Jul 13, 2026
$247,000
$249,000
-1% Price Drop
Initial Listing
Jun 24, 2026
$249,000
Initial Listing
Jun 29, 2018
$160,000
Public Record
Dec 10, 1999
$31,500
Public Record