
San Diego, California 92103
This Unique Industrial Loft in the Historic Cable Building is listed at $1,195,000, representing a premium architectural asset in the heart of Hillcrest. Positioned near its $1,117,392 Fair Market Value, the property offers a rare 1,813 sqft floor plan featuring soaring ceilings, exposed brick, and a versatile convertible layout. Boasting a Well-Maintained Condition Rating, the residence provides exceptional indoor-outdoor flow with a private balcony and large patio. Located within the top-rated Florence Elementary boundary, this home is a perfect sanctuary for urban professionals or Owner-Occupants seeking character and unbeatable walkability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3940 7th Ave 112 Subject | $1,195,000* List Price | 2 | 3 | 1,813 | $616 | - |
A 3788 Park Blvd 10 Sold | $905,000 | 2 | 2 | 1,277 | $709 | 0.7 mi |
B 3275 5th Ave 306 Sold | $929,000 | 2 | 2 | 1,393 | $667 | 0.7 mi |
C 3535 1st Ave 15a Sold | $975,000 | 2 | 2 | 1,470 | $663 | 0.5 mi |
D 3980 9th Avenue 404 Active | $990,000 List Price | 2 | 3 | 1,567 | $632 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, this property is well-maintained and move-in ready, but it shows its age through original or older finishes. The kitchen features dated light-wood cabinetry and a non-cohesive mix of black and stainless steel appliances. While the industrial loft aesthetic remains stylish and the flooring appears in good condition, the property lacks the recent comprehensive renovations to the kitchen and bathrooms required for a 'good' or 'excellent' rating, fitting the criteria for a home over 20 years old with functional but outdated components.
Situated in the heart of Hillcrest, this property offers exceptional walkability, located just one block from Whole Foods and downtown amenities, with rapid access to the airport and major freeways.
Housed in the historic Cable Building, the loft features soaring ceilings, exposed brick, and concrete elements, providing a sophisticated industrial aesthetic that is rare for the San Diego market.
The residence boasts a rare urban layout with a private balcony and a large lower-level patio that flows into a community greenbelt, complemented by a flexible floor plan that can be converted into a two-bedroom suite.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The reliance on a spiral staircase to access the lower level may pose accessibility challenges for some residents and complicates the transport of large furniture between floors.
Currently configured as a one-bedroom, buyers requiring a traditional two-bedroom layout will need to undertake and fund the conversion process to suit their specific needs.
Welcome to your urban oasis in the heart of Hillcrest! This contemporary 1,813 sq. ft. loft-style condo offers a perfect blend of sophistication, flexibility, comfort and unbeatable convenience—a block from Whole Foods and downtown Hillcrest, also just minutes from the freeway and 4 miles to San Diego International Airport. This unique residence is currently a 1-bedroom with the option to convert to a 2-bedroom, giving you the freedom to customize the space to fit your needs. Spanning two levels, the open-concept design showcases soaring ceilings, exposed brick and concrete and expansive windows that fill the home with natural light. The main level features a spacious living room, dining area, a well-appointed kitchen, a half bathroom and a private balcony. Upstairs enhancements include electric window shades and a motorized retractable patio awning for added comfort and convenience. A spiral staircase leads to the lower level which includes a large bedroom with ensuite, that can be converted to two separate bedrooms, each with patio access, if desired. This level includes another full bathroom, a dedicated laundry room and bonus space perfect for a home office, library or fitness area. Two sets of French doors open to a large private patio that flows seamlessly to the community’s lush greenbelt—creating an indoor-outdoor living experience that’s rare for urban living. The downstairs windows and doors also feature electric shades. The HOA dues include exterior building and common area maintenance, insurance, trash and recycling, water and sewer and fiber optic internet. Located in the iconic Cable Building—a former Pacific Bell telephone switching station—this gated and secure community blends historic charm with modern luxury and features both designated underground parking with electric car charger and an additional exterior reserved parking spot. Experience the character, versatility and lifestyle this one-of-a-kind home has to offer.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 1,813 | 1,154 | 87% |
| Lot Size | 77,074 | - | 93% |
| Price | $1.20M | $770.0K | 80% |
| Price per sq ft | $659 | $694 | 29% |
| Built year | 1997 | 1988 | 67% |
| HOA | $601.0 | $601 | 50% |
| Days on market | 6 | 155 | 2% |
Apr 16, 2026
$1,195,000
Initial Listing
Aug 21, 2023
$1,165,000
Public Record
Dec 18, 2018
$500,000
Public Record
Jul 9, 2018
$865,000
Public Record
Aug 21, 2017
$800,000
Public Record