3940 7th Cs2 (117), San Diego, California 92103, San Diego, 92103 - 1 bed, 1 bath
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San Diego, California 92103
This Strong Value Opportunity is a unique Commercially Zoned Condo listed at $939,000, positioned well below the $863,985 Fair Market Value by 8%. Featuring a Fair Condition Rating and a spacious 1,508 sqft industrial loft layout, this property offers rare Live/Work Zoning with a private gated patio. Located in the heart of Hillcrest near top-rated schools like Florence Elementary, it provides a distinct urban lifestyle. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-potential asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3940 7th Cs2 (117) Subject | $939,000* List Price | 1 | 1 | 1,508 | $594 | - |
A 3940 7th Ave 206 Sold | $730,000 | 1 | 1 | 1,178 | $620 | 0.0 mi |
B 909 Sutter St 202 Sold | $685,000 | 2 | 2 | 1,310 | $523 | 0.8 mi |
C 3940 7th Ave 106 Sold | $935,000 | 2 | 2 | 1,417 | $660 | - |
D 3650 5th Ave 602 Sold | $880,000 | 2 | 2 | 1,586 | $555 | 0.3 mi |
E 3990 Centre 104 Sold | $780,000 | 2 | 2 | 1,154 | $676 | 0.7 mi |
F 3570 1st Ave 1 Sold | $719,000 | 2 | 2 | 1,188 | $605 | 0.5 mi |
G 3645 7th Ave 305 Sold | $700,000 | 2 | 2 | 1,100 | $636 | 0.3 mi |
H 3788 Park Blvd 10 Sold | $905,000 | 2 | 2 | 1,277 | $709 | 0.7 mi |
I 1441 Robinson Ave Active | $821,100 List Price | 2 | 3 | 1,140 | $720 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, the property is 29 years old and falls into the Fair category. While the industrial loft aesthetic is well-maintained and functional, the kitchen cabinetry and appliances appear to be original or from an older renovation (>20 years), suggesting the unit is dated and may soon require minor updates or system refreshes.
The rare commercial zoning allows for both residential living and business operations, including the ability to install exterior signage and welcome customers directly via a street-front entry.
Boasting a high walkability score, the property is steps away from Whole Foods, diverse dining options, and fitness centers, offering an quintessential urban lifestyle in a sought-after San Diego neighborhood.
With over 1,500 square feet of living space, this true loft features modern industrial elements like exposed concrete and glass partitions, providing a unique and functional open-concept layout.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1508, other record living area = 1274.
Despite the generous square footage, the unit only contains one bedroom, which may limit its appeal to families or buyers requiring dedicated guest rooms or private office spaces.
The street-front gated patio and commercial accessibility may result in higher foot traffic and less privacy compared to upper-level residential units within the complex.
A rare opportunity to own a commercially zoned condo/loft in the heart of Hillcrest. Be prepared to be wowed. This unit is over 1500 square feet and is priced well below other units in the complex of similar size. This is a true loft with exposed concrete, glass sliding partitions, a European-style kitchen and lots of open spaces to both live and work. (if so desired!) A street front gated entry patio is perfect to enjoy coffee in the morning, meet with customers and friends outdoors along with enjoying that glass of wine at night. Being zoned commercial, you are also allowed to install signage outside for that business you have been dreaming about. The layout is not only unique, but functional for those many aspects of your life that go beyond the mundane that exists in every other condo in the city! This commercially zoned condo is perfect for both living the best life in the heart of Hillcrest, while also being able to operate (if desired) a business with easy access for your customers. Perfect for either an artistic endeavor, or one the requires tranquility to think and plan. Located just outside the main gate of one of San Diego's first true loft conversions, (The Cable Lofts) this unit is steps away from Whole Foods and all of the fun, gyms and restaurants that Hillcrest offers. Given its zoning, it is only one of two similar commercial units in the building that rarely come on the market.
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 | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,508 | 999 |
| Lot Size | 77,074 | 84,697.5 |
| Price | $939.0K | $604.2K |
| Price per sq ft | $623 | $618 |
| Built year | 1997 | 1985 |
| HOA | $564.0 | $500 |
| Days on market | 88 | 53 |
May 15, 2026
$939,000
$949,000
-1% Price Drop
Initial Listing
Apr 25, 2026
$949,000
Initial Listing
May 29, 1998
$239,500
Public Record