427 9th Ave 409, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
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427 9th Ave 409
San Diego, California 92101
ACTIVE
CONDITION: GOOD
1Beds
1Baths
826Sq Ft
20,036Lot Size
Property Price
LIST PRICE$419,000
EST. MARKET VALUE
$442,987
5% BelowMARKET VALUE
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $419,000—positioned well below the $442,987 Fair Market Value by 5%. This valuation gap offers $23,987 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes modern luxury vinyl flooring and a renovated kitchen. Residents enjoy a rooftop deck with panoramic views and prime walkability to Petco Park. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an urban lifestyle.
Estimated Market Value
$442,987+$23,987 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 |
|---|---|---|---|---|---|---|
★ 427 9th Ave 409 Subject | $419,000* List Price | 1 | 1 | 826 | $536 | - |
A 427 9th Ave 601 Sold | $455,000 | 1 | 1 | 843 | $540 | 0.0 mi |
B 253 10th Ave 733 Sold | $429,999 | 1 | 1 | 808 | $532 | 0.1 mi |
C 206 Park Boulevard 501 Sold | $411,000 | 1 | 1 | 881 | $467 | 0.1 mi |
D 445 Island Avenue 309 Sold | $449,000 | 1 | 1 | 807 | $556 | 0.3 mi |
E 206 Park Boulevard 602 Sold | $400,000 | 1 | 1 | 696 | $575 | 0.1 mi |
F 253 10th Avenue 333 Sold | $450,000 | 1 | 1 | 808 | $557 | 0.1 mi |
G 253 10th Ave 329 Sold | $480,000 | 1 | 1 | 831 | $578 | 0.1 mi |
H 525 11th Avenue 1306 Sold | $497,000 | 1 | 1 | 754 | $659 | 0.1 mi |
I 427 9th Ave 809 Active | $450,000 List Price | 1 | 1 | 826 | $545 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2005, the property falls within the 10-20 year age bracket. It is well-maintained and move-in ready, featuring recent cosmetic upgrades such as luxury vinyl flooring and fresh paint. The kitchen and systems appear functional with stainless steel appliances and granite countertops, showing no immediate need for major repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated in the heart of Downtown San Diego, this property offers unparalleled walkability to Petco Park, the Gaslamp Quarter, and the Marina District, making it ideal for an active lifestyle.
- Exceptional Market Value
Positioned at one of the lowest price points in Downtown San Diego, this unit provides a rare entry-level opportunity for buyers to own in a high-demand metropolitan area.
- Modern Interior Upgrades
The residence is move-in ready with high-quality finishes, including luxury vinyl flooring, fresh paint, and a renovated kitchen featuring custom cabinetry and a walk-in pantry.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $897 per month is significantly high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratio for potential buyers.
- Underperforming School District
The property is served by local schools with lower performance ratings, which could be a drawback for families or investors concerned with long-term resale value.
About 427 9th Ave 409
Seller open to entertain offers between $399,000 - $419,000. Welcome to Diamond Terrace, where the best of Downtown San Diego is right outside your door. This move-in ready residence puts you just steps from Petco Park, the Gaslamp Quarter, restaurants, coffee shops, nightlife, the Convention Center, the Marina District, and more. Inside, you’ll find a bright, open layout with a spacious living area and oversized bedroom. The upgraded kitchen features custom cabinetry, stainless steel appliances, and a walk-in pantry, while luxury vinyl flooring, fresh paint, and an in-unit washer and dryer add everyday convenience. Diamond Terrace offers secure access, gated parking, a fitness center, and a rooftop deck with BBQs and panoramic views of Petco Park and the Downtown skyline. With one of the lowest price points in Downtown San Diego, this is an opportunity to own in the heart of the city without compromising on location or lifestyle. Come see why this one stands out.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- 20,036 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $897.0 / Month
Neighborhood Insights
San Diego Unified Schools
Sherman Elementary School
Grades K-5 • 0.7 mi
5/10
Washington Elementary School
Grades K-5 • 1.2 mi
5/10
Burbank Elementary School
Grades K-5 • 1.2 mi
3/10
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 | 826 | 1,002.307 |
| Lot Size | 20,036 | 75,574.68 |
| Price | $419.0K | $596.0K |
| Price per sq ft | $507 | $612 |
| Built year | 2005 | 1985 |
| HOA | $897.0 | $529 |
| Days on market | 13 | 55 |
Pricing History
Listed for Sale
Aug 27, 2026
$419,000
Initial Listing
Sold
Apr 1, 2020
$392,000
Public Record
Sold
Aug 12, 2005
$329,000
Public Record