3940 Gresham St 251, San Diego, California 92109, San Diego, 92109 - 2 bed, 2 bath

3940 Gresham St 251
San Diego, California 92109
Property Price
SUMMARY
Analysis of 3940 Gresham St 251, San Diego, California 92109 is currently available with a list price of $2,299,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1974, this residence has undergone a complete, high-end professional renovation within the last year. The kitchen features brand-new black Café Series appliances, custom cabinetry, and unique lava rock leather-finish countertops. Bathrooms are fully updated with spa-inspired finishes, Restoration Hardware vanities, and West Elm lighting. With all-new interior components and modern designer aesthetics, the property shows no deferred maintenance and meets the highest quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Bird Rock Elementary School (10/10).
- Premier Waterfront Views
Positioned on the top floor with a western orientation, this residence offers rare, sweeping vistas of Sail Bay and the Pacific Ocean, providing exceptional sunset views from nearly every room.
- High-End Designer Remodel
The property features a comprehensive, Hawaiian-inspired renovation with luxury finishes including lava rock leather-finish countertops, Café Series appliances, and premium fixtures from Restoration Hardware and West Elm.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-07-08. The sold price is $1,600,000.00.
- High Carrying Costs
The monthly association fee of $1,440 is substantial, which may impact the overall affordability and investment yield for potential buyers.
- Vintage Building Infrastructure
While the unit itself is modern, the 1974 construction date suggests the potential for aging common area infrastructure and future maintenance assessments typical of older complexes.
About 3940 Gresham St 251
Perched on the top floor of Bay Scene directly on Sail Bay, this rare residence offers one of the most coveted view lines in the community — sweeping western-facing bay vistas with ocean views beyond. Spanning 1,559 square feet, this completely remodeled 2-bedroom, 2-bath home is the ultimate coastal retreat, blending sexy Hawaiian-inspired design with modern beachfront luxury. The open living space is anchored by a dramatic stone-clad fireplace and flows seamlessly into a show-stopping kitchen featuring brand-new contrasting black and warm wood-tone cabinetry, lava rock leather-finish countertops, and sleek black Café Series appliances. Designed for both entertaining and everyday living, the layout captures breathtaking sunsets and shimmering water views from nearly every room. The primary suite is a true sanctuary with a walk-in closet and a spa-inspired bathroom showcasing gorgeous tile work, a Restoration Hardware vanity, and West Elm lighting. The guest bathroom is equally refined with elevated finishes throughout. A dedicated laundry room and generous storage complete the home’s effortless functionality. Residents enjoy resort-style community amenities including a pool, spa, outdoor showers, barbecues, recreation room, and fitness room — perfect for relaxing, entertaining, and embracing the coastal lifestyle. Whether as a full-time residence or the perfect lock-and-leave second home, this home delivers an unparalleled Sail Bay lifestyle — where every day feels like a luxury beachfront getaway.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 87,193 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1440.0 / Month
Neighborhood Insights
San Diego Unified Schools
Crown Point Jr Music Academy
Grades K-5 • 0.3 mi
Pacific Beach Elementary School
Grades K-5 • 1.3 mi
Sessions Elementary School
Grades K-5 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,559 | 940.5 | 89% |
| Lot Size | 87,193 | 3,932.5 | 90% |
| Price | $2.30M | $890.0K | 96% |
| Price per sq ft | $1.5K | $897 | 92% |
| Built year | 1974 | 1975 | 31% |
| HOA | $1440.0 | $472 | 96% |
| Days on market | 26 | 153 | 4% |
Pricing History
Listed for Sale
Feb 9, 2026
$2,299,000
Initial Listing
Sold
Jul 8, 2025
$1,600,000
Public Record























































