
San Diego, California 92115
This 55+ condominium represents a Strong Value Opportunity, listed at a List Price of $225,000—positioned well below the $209,417 Fair Market Value by -7%. While the property requires updates given its Condition Rating of 5, the low $260 HOA fee and existing tenant provide immediate cash flow potential. This Asset is best suited for Buy-and-Hold Investors seeking a turnkey rental or Value-Oriented Retirees looking for an affordable, gated San Diego residence with convenient elevator access and city views.
Property is extensive renovation needed.
Built in 1983 (41 years old), the property falls into the >30y category with no evidence of recent major renovations. The interior features dated popcorn ceilings and older wall-mounted AC units, suggesting that the kitchen, bath, and systems require significant updates to meet modern standards.
Priced at $225,000, this property offers a rare entry-level opportunity into the San Diego market, making it highly attractive for budget-conscious buyers.
The association fee of $260 is significantly lower than the regional average for condominiums, enhancing monthly cash flow and overall affordability.
The presence of a reliable tenant who is willing to stay provides a turnkey solution for investors seeking immediate rental income without a vacancy period.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11761, other record lot size in square feet = 11938.
Being located within a 55+ senior community limits the pool of potential residents and future buyers, which can impact resale velocity.
At only 462 square feet, the compact living space may be a drawback for those seeking more room for storage or lifestyle flexibility.
Affordable San Diego condo with low HOA dues. For investors, there is a tenant who can stay. "Hacienda Gardens" 55+ condos. Gated access. Unit on second floor. Elevator on site and laundry on each floor. Close to services, transportation, amenities. Easy access to all of San Diego!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 33% |
| Baths | 1.0 | 2.0 | 39% |
| Square foot | 462 | 870 | 4% |
| Lot Size | 11,761.2 | - | 61% |
| Price | $220.0K | $449.8K | 2% |
| Price per sq ft | $476 | $523 | 30% |
| Built year | 1983 | 1981 | 61% |
| HOA | $260.0 | $451 | 4% |
| Days on market | 18 | 155 | 4% |
Jun 1, 2026
$220,000
$225,000
-2% Price Drop
Initial Listing
May 27, 2026
$225,000
Initial Listing
Apr 10, 2023
$181,000
Public Record