4057 1st Avenue 107, San Diego, California 92103, San Diego, 92103 - 2 bed, 3 bath
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San Diego, California 92103
This Spacious Hillcrest Condominium is a High-Potential Investment Opportunity listed at $900,000—positioned well below the $1,023,978 Fair Market Value by 12%. This significant valuation gap provides $123,978 in Instant Equity. Boasting a Good Condition Rating, the 1,617 sq. ft. residence features soaring ceilings, new flooring, and a private patio. Rare assets include two gated parking spaces and a 12-month pre-paid HOA incentive. Located in the San Diego Unified District near major medical hubs, this is an ideal acquisition for Urban Professionals or Owner-Occupants seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4057 1st Avenue 107 Subject | $900,000* List Price | 2 | 3 | 1,617 | $633 | - |
A 521 Arbor Dr 105 Sold | $780,000 | 2 | 3 | 1,128 | $691 | 0.3 mi |
B 3275 5th Ave 306 Sold | $929,000 | 2 | 2 | 1,393 | $667 | 0.8 mi |
C 3990 Centre 104 Sold | $780,000 | 2 | 2 | 1,154 | $676 | 0.9 mi |
D 3606 First Avenue 106 Sold | $649,000 | 2 | 2 | 1,253 | $518 | 0.5 mi |
E 4057 1st Avenue 109 Active | $929,000 List Price | 2 | 3 | 1,615 | $575 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in-ready condition with significant recent cosmetic updates, including new flooring and fresh interior paint. Built in 2004, the home features modern elements like recessed lighting and soaring ceilings. While the kitchen and bathrooms appear to retain their original high-quality cabinetry and stone countertops, they are well-maintained and functional. The inclusion of updated appliances and the overall clean, staged presentation align with the 'good' condition criteria for a well-maintained property of its age.
The property includes two gated, weather-protected parking spaces in the high-demand Hillcrest area, providing a rare and significant asset within walking distance to major hospitals, dining, and entertainment.
Boasting 1,617 sq. ft. of living space with soaring ceilings, new flooring, and fresh paint, this move-in-ready unit offers a sense of scale and elegance rarely found in urban condominiums.
The inclusion of 12 months of pre-paid HOA fees provides substantial immediate financial relief and added value for the buyer during the first year of ownership.
Despite the initial pre-payment incentive, the regular monthly association fee of $770 is relatively high and represents a significant long-term carrying cost.
The property is noted to have no significant views, which may be a drawback for buyers prioritizing the coastal or city vistas typically sought after in the San Diego market.
It's your lucky day! You will own two (yes, TWO) gated and weather-protected parking spaces in Hillcrest near Scripps Mercy and UCSD Hospitals ~ and, less than one block from Bronx Pizza. What do you think you'll do with the savings when owning a fabulous condo and having the HOA fee pre-paid for 12 months? When you buy these parking spaces, my client will "include" this move-in-ready 1,617 sq.ft. condo. Imagine yourself thriving in the vibrant and diverse Hillcrest & Mission Hills neighborhoods when you own this generously sized and thoughtfully appointed home! Parking for two vehicles in the gated underground garage is a significant asset because, once home, you'll find yourself a stone's throw away from fabulous food, nightlife, entertainment, shopping, and outdoor living. Unit 107 is stunning with new flooring and interior paint, recessed lighting downstairs, and a private patio just off the huge kitchen. The soaring ceilings offer a sense of elegance and many areas to showcase your favorite art and collectibles. Wellington Square is lovingly and consistently maintained, as evidenced by its lush landscaping and personalized attention. Welcome HOME.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 1,617 | 1,165 | 80% |
| Lot Size | - | - | 50% |
| Price | $900.0K | $772.5K | 66% |
| Price per sq ft | $557 | $693 | 11% |
| Built year | 2004 | 1988 | 74% |
| HOA | $770.0 | $615 | 65% |
| Days on market | 48 | 147 | 3% |
Mar 5, 2026
$900,000
Initial Listing