3796 Alabama Street 218, San Diego, California 92104, San Diego, 92104 - 1 bed, 1 bath
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San Diego, California 92104
This 55+ Senior Condominium represents a Strong Value Opportunity, listed at $245,000—positioned well below the $260,310 Fair Market Value by 5%. This valuation gap offers $15,310 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the unit is move-in ready with modern laminate flooring, though it offers potential for cosmetic updates. Located in the vibrant North Park neighborhood, this is an ideal acquisition for Downsizing Seniors or Value-Oriented Investors seeking a low-maintenance, amenity-rich lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3796 Alabama Street 218 Subject | $245,000* List Price | 1 | 1 | 378 | $689 | - |
A 3776 Alabama Street C309 Sold | $265,000 | 1 | 1 | 378 | $701 | 0.0 mi |
B 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.
Built in 1981 (43 years old), the property is dated but functional. While the flooring has been updated to modern wood-look laminate, the kitchen cabinetry and bathroom vanity/surround appear to be original 1980s vintage. It is well-maintained and move-in ready for a senior community, but requires cosmetic updates to the primary systems and cabinetry to meet modern standards.
Situated in one of San Diego's most walkable and vibrant neighborhoods, the property offers immediate access to trendy dining, shopping, and public transportation.
With a list price of $245,000, this unit represents a rare, low-entry price point for homeownership in a highly competitive metropolitan market.
The Villa Sao Miguel complex provides high-value shared spaces including a fitness room, library, and billiard room, enhancing the lifestyle for senior residents.
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.
At only 387 square feet, the living space is exceptionally compact, which may feel restrictive and limits furniture and storage options.
As a 55+ senior community, the property is limited to a specific demographic, which significantly narrows the potential resale market and pool of buyers.
Welcome to Villa Sao Miguel, a welcoming 55+ senior community in the heart of the highly desirable North Park neighborhood! This charming 1-bedroom, 1-bath condominium offers 387 square feet of thoughtfully designed living space and is ideally situated on the second floor, providing added privacy and an elevated outlook. Whether you're looking to downsize, enjoy a low-maintenance lifestyle, or find an affordable home in one of San Diego's most vibrant communities, this residence is full of opportunity. Residents of Villa Sao Miguel enjoy an array of community amenities, including: Fitness room Library Game room Billiard room Community meeting room Bicycle storage Community laundry facilities The location is hard to beat! Just minutes from neighborhood parks, grocery stores, restaurants, coffee shops, public transportation, and all the shopping and entertainment that make North Park one of San Diego's most sought-after communities. Don't miss this opportunity to own an affordable home in a well-maintained senior community that offers comfort, convenience, and an active lifestyle. Property Features: 1 Bedroom | 1 Bathroom 387 Sq. Ft. Second-floor location 55+ Senior Community Low-maintenance living Prime North Park location Close to shopping, dining, parks, and public transportation Perfect for those seeking simplicity, convenience, and a vibrant community to call home.
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 | $245.0K | $604.2K |
| Price per sq ft | $648 | $618 |
| Built year | 1981 | 1985 |
| HOA | $403.0 | $500 |
| Days on market | 12 | 53 |
Jul 10, 2026
$245,000
Initial Listing
May 31, 2013
$80,000
Public Record
Jan 8, 1998
$3,000
Public Record