4028 48th Street 5 5, San Diego, California 92105, San Diego, 92105 - 1 bed, 1 bath
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4028 48th Street 5 5
San Diego, California 92105
ACTIVE
CONDITION: GOOD
1Beds
1Baths
576Sq Ft
5,892Lot Size
Property Price
LIST PRICE$295,000
EST. MARKET VALUE
$310,277
4% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is listed at $295,000, positioned well below the $310,277 Fair Market Value by 4%. This valuation gap provides $15,277 in Instant Equity for the buyer. Featuring a Condition Rating of 3, this move-in ready condo includes a remodeled kitchen, laminate flooring, and a private deck. Located in City Heights, the property offers high rental appeal and urban convenience. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable, low-maintenance entry into the San Diego market.
Estimated Market Value
$310,277+$15,277 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4028 48th Street 5 5 Subject | $295,000* List Price | 1 | 1 | 576 | $539 | - |
A 3819 47th Street 6 Active | $334,999 List Price | 1 | 1 | 592 | $566 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1981, the unit is described as move-in ready with a remodeled kitchen and updated laminate flooring. The interior appears well-maintained and functional, fitting the 5-15 year renovation window for a 'Good' rating, despite the use of older wall-mounted AC units.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: McKinley Elementary School (9/10).
- Exceptional Affordability
Priced under $300,000 with a remarkably low HOA fee of $249, this property represents a rare entry-level opportunity for homeownership or investment in the San Diego market.
- Modernized Interior
The unit is move-in ready featuring a remodeled kitchen, a cozy fireplace, and an abundance of natural light, reducing the need for immediate post-purchase renovations.
CONSRISKS & DEFICIENCIES
- Limited Living Space
At just 576 square feet, the compact footprint may be a constraint for buyers seeking extra storage or a more versatile layout for home offices.
- Shared Laundry Facilities
The reliance on community laundry rather than in-unit hookups may be viewed as a lack of convenience for modern buyers and could impact long-term appreciation.
About 4028 48th Street 5 5
Move-in ready condo in central San Diego for under $300K! This upstairs unit offers tons of natural light, a remodeled kitchen, fireplace, and spacious bedroom. A great opportunity for a first home, investment property, or San Diego second home, with a low HOA of just $249 per month. Centrally located in City Heights with easy access to freeways, restaurants, shopping, and the YMCA. Community laundry and one assigned parking space. An affordable opportunity to own in San Diego without sacrificing location or convenience.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 5,892 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $249.0 / Month
Neighborhood Insights
San Diego Unified Schools
Euclid Elementary School
Grades K-5 • 0.2 mi
5/10
Ibarra Elementary School
Grades K-5 • 0.2 mi
5/10
Rosa Parks Elementary School
Grades K-5 • 0.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 576 | 1,002.307 |
| Lot Size | 5,892 | 75,574.68 |
| Price | $295.0K | $596.0K |
| Price per sq ft | $512 | $612 |
| Built year | 1981 | 1985 |
| HOA | $249.0 | $529 |
| Days on market | 21 | 55 |
Pricing History
Listed for Sale
Aug 19, 2026
$295,000
Initial Listing
Sold
Feb 18, 2020
$215,000
Public Record
Sold
Feb 28, 2011
$55,000
Public Record
Sold
Dec 19, 2003
$135,000
Public Record