
San Diego, California 92103
This Stunning Move-In Ready Loft is a Strong Value Opportunity, listed at $1,039,000—positioned well above the $989,471 Fair Market Value by 5%. While priced slightly above market, the property features an Excellent Condition Rating following a high-end renovation, including 12-foot ceilings, exposed brick, and a modern quartz kitchen. With two parking spaces and Google Fiber included, this historic Cable Building unit offers a rare, maintenance-free lifestyle in the heart of Hillcrest. It is an ideal sanctuary for urban professionals or sophisticated owner-occupants seeking a unique, historic residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3940 7th Ave 215 Subject | $1,039,000* List Price | 1 | 1 | 1,526 | $648 | - |
A 3940 7th Ave 206 Sold | $730,000 | 1 | 1 | 1,178 | $620 | 0.0 mi |
B 3060 6th Ave 19 Sold | $848,888 | 2 | 2 | 1,366 | $621 | 0.8 mi |
C 3634 7th Avenue 8e Sold | $875,000 | 3 | 2 | 1,517 | $577 | 0.4 mi |
D 3060 6th Avenue 7 Sold | $1,049,000 | 2 | 2 | 1,366 | $768 | 0.8 mi |
E 1027 Essex St B Sold | $940,000 | 2 | 3 | 1,369 | $687 | 0.3 mi |
F 3570 1st Ave 15 Sold | $815,000 | 2 | 2 | 1,222 | $667 | 0.5 mi |
G 3980 9th Avenue 404 Active | $965,000 List Price | 2 | 3 | 1,567 | $616 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is in mint condition following a recent high-end renovation (likely within the last 5 years). The kitchen is fully modernized with quartz waterfall countertops, sleek flat-panel cabinetry, and premium stainless steel appliances. The bathroom features updated contemporary fixtures and a modern vanity. Additionally, the unit includes updated systems such as EV charger capability and Google Fiber, requiring no immediate maintenance.
This top-floor corner unit features 12-foot ceilings, exposed red brick, and stained concrete floors, offering a rare and highly sought-after historic loft character in an iconic adaptive reuse building.
The inclusion of two parking spaces is a significant rarity in Hillcrest, further enhanced by HOA-approved EV charger capability and a large private secured storage area.
The property boasts a recently updated kitchen with sleek cabinetry, quartz countertops, and high-quality stainless steel appliances, providing a move-in-ready experience with contemporary finishes.
With over 1,500 square feet of living space and a price point exceeding $1 million, the presence of only one bathroom may be a drawback for buyers seeking more convenience or guest facilities.
While the primary bedroom is enclosed, the secondary sleeping area is currently a dedicated home office that would require additional investment to fully convert into a private second bedroom.
PRICE IMPROVEMENT! Own a piece of San Diego history in the iconic Cable Building Lofts-originally a 1950s industrial structure that once served as a Pacific Bell telephone switching station & converted into residential lofts in 1998 as one of Southern California’s pioneering reuse projects. This recently renovated top-floor corner unit showcases true loft character with 12-foot ceilings, exposed red brick walls, stained concrete floors & expansive windows that flood the space with natural light. The modern kitchen features sleek cabinetry, stunning quartz countertops, a large island with seating for four & high-quality stainless steel appliances-perfect for both everyday living & entertaining. The open concept living area is spacious & inviting, while the private primary bedroom is fully enclosed with walls and a door for added comfort. While currently presenting as a one bedroom, a dedicated home office area offers oversized desk space with the flexibility to be converted into a second bedroom (approx. 11’x11’). Google Fiber (hi-speed internet) included in HOA fees! A cozy balcony w/ easterly exposure overlooks the vibrant community of Hillcrest. Additional highlights include two parking spaces—an exceptional find in Hillcrest—HOA-approved EV charger capability, a large private secured storage area & built-in storage cabinets conveniently located in front of the parking space. Ideally situated in the heart of Hillcrest, you’re just moments from shopping, dining, nightlife, major freeways, medical centers, downtown San Diego, and Balboa Park. Own a piece of San Diego history in the iconic Cable Building Lofts-originally a 1950s industrial structure that once served as a Pacific Bell telephone switching station & thoughtfully converted into residential lofts in 1998 as one of Southern California’s pioneering adaptive reuse projects. This recently renovated top-floor corner unit showcases true loft character with 12-foot ceilings, exposed red brick walls, stained concrete floors & expansive windows that flood the space with natural light. The modern kitchen features sleek cabinetry, stunning quartz countertops, a large island with seating for four & high-quality stainless steel appliances-perfect for both everyday living & entertaining. The open concept living area is spacious & inviting, while the private primary bedroom is fully enclosed with walls and a door for added comfort. While currently presenting as a one bedroom, a dedicated home office area offers oversized desk space with the flexibility to be converted into a second bedroom (approx. 11’x11’). Google Fiber (hi-speed internet) included in HOA fees! A cozy balcony w/ easterly exposure overlooks the vibrant community of Hillcrest. Additional highlights include two parking spaces—an exceptional find in Hillcrest—HOA-approved EV charger capability, a large private secured storage area & built-in storage cabinets conveniently located in front of the parking space. Ideally situated in the heart of Hillcrest, you’re just moments from shopping, dining, nightlife, major freeways, medical centers, downtown San Diego, and Balboa Park.
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 | 1.0 | 2.0 | 21% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 1,526 | 1,125 | 77% |
| Lot Size | 77,074 | - | 92% |
| Price | $1.04M | $745.0K | 77% |
| Price per sq ft | $681 | $690 | 46% |
| Built year | 1997 | 1989 | 70% |
| HOA | $564.0 | $583 | 47% |
| Days on market | 0 | 142 | 10% |
May 12, 2026
$1,039,000
$1,050,000
-1% Price Drop
Initial Listing
Apr 3, 2026
$1,050,000
Initial Listing
Dec 3, 2018
$680,000
Public Record
Sep 21, 2009
$475,000
Public Record
May 7, 2004
$639,000
Public Record
Dec 5, 2001
$410,000
Public Record
Mar 6, 2001
$419,000
Public Record
Oct 24, 1997
$248,500
Public Record