
San Diego, California 92103
This Turnkey Industrial Loft is a Strong Value Opportunity, listed at $1,019,000—positioned slightly above the $1,005,239 Fair Market Value. Featuring a Condition Rating of 2, this recently renovated unit showcases 12-foot ceilings, exposed red brick, and a modern kitchen with quartz countertops. Located in the iconic Cable Building Lofts, it offers rare two-car parking and Google Fiber in the heart of Hillcrest. With its flexible layout and proximity to top-rated schools like Florence Elementary, this property is an ideal choice for Urban Professionals or Owner-Occupants seeking a historic, move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3940 7th Ave 215 Subject | $1,019,000* List Price | 2 | 1 | 1,526 | $659 | - |
A 3060 6th Ave 19 Sold | $848,888 | 2 | 2 | 1,366 | $621 | 0.8 mi |
B 3940 7th Ave 206 Sold | $730,000 | 1 | 1 | 1,178 | $620 | 0.0 mi |
C 1027 Essex St B Sold | $940,000 | 2 | 3 | 1,369 | $687 | 0.3 mi |
D 3650 5th Ave 602 Sold | $880,000 | 2 | 2 | 1,586 | $555 | 0.3 mi |
E 3634 7th Avenue 8e Sold | $875,000 | 3 | 2 | 1,517 | $577 | 0.4 mi |
F 3060 6th Avenue 7 Sold | $1,049,000 | 2 | 2 | 1,366 | $768 | 0.8 mi |
G 3570 1st Ave 15 Sold | $815,000 | 2 | 2 | 1,222 | $667 | 0.5 mi |
H 4212 Maryland Street Apt 1 Sold | $762,500 | 2 | 2 | 1,080 | $706 | 0.5 mi |
I 3653 3rd 1 Pending | $899,888 List Price | 2 | 2 | 1,192 | $755 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been recently renovated (likely within the last 5 years) featuring a modern kitchen with sleek cabinetry, quartz countertops, and high-quality stainless steel appliances. The interior is in mint condition with updated stained concrete floors and modern lighting, requiring no immediate maintenance.
This top-floor corner unit features authentic loft character with 12-foot ceilings, exposed red brick walls, and stained concrete floors, offering a unique blend of San Diego history and modern luxury.
The inclusion of two parking spaces is a rare and high-value asset in Hillcrest, further enhanced by HOA-approved EV charger capability and a large private secured storage area.
The recently updated kitchen boasts high-end quartz countertops, a large social island, and stainless steel appliances, making it move-in ready for those seeking a contemporary urban lifestyle.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
With over 1,500 square feet of living space and the potential for two bedrooms, having only one bathroom may be a significant drawback for couples or those who frequently host guests.
While the unit offers the flexibility to create a second bedroom, the current open-concept loft layout requires additional construction to provide true privacy and acoustic separation.
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.
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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,526 | 999 |
| Lot Size | 77,074 | 84,697.5 |
| Price | $1.02M | $604.2K |
| Price per sq ft | $668 | $618 |
| Built year | 1997 | 1985 |
| HOA | $564.0 | $500 |
| Days on market | 23 | 53 |
Jun 29, 2026
$1,019,000
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