427 9th Ave 409, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
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San Diego, California 92101
This Turnkey Condominium represents a Prime Investment Opportunity, listed at $469,000—positioned well below the $482,698 Fair Market Value by 2%. This valuation gap provides $13,698 in Instant Equity. Featuring a Condition Rating of 3, the unit offers modern luxury vinyl flooring, custom cabinetry, and a stunning rooftop deck with panoramic skyline views. While HOA fees are notable, the location steps from Petco Park ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an urban lifestyle.
Move-in ready 1BR condo in Downtown San Diego near Petco Park. Priced below market value with instant equity. Features rooftop deck, modern upgrades, and walkability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 427 9th Ave 409 Subject | $439,000* List Price | 1 | 1 | 826 | $568 | - |
A 427 9th Ave 504 Sold | $570,000 | 1 | 1 | 871 | $654 | 0.0 mi |
B 427 9th Ave 601 Sold | $455,000 | 1 | 1 | 843 | $540 | 0.0 mi |
C 445 Island Avenue 309 Sold | $449,000 | 1 | 1 | 807 | $556 | 0.3 mi |
D 253 10th Avenue 333 Sold | $450,000 | 1 | 1 | 808 | $557 | 0.1 mi |
E 525 11th Avenue 1501 Sold | $545,000 | 1 | 1 | 863 | $632 | 0.1 mi |
F 427 9th Ave 1308 Sold | $412,500 | 1 | 1 | 670 | $616 | 0.0 mi |
G 253 10th Ave 329 Sold | $480,000 | 1 | 1 | 831 | $578 | 0.1 mi |
H 525 11th Avenue 1122 Sold | $450,000 | 1 | 1 | 689 | $653 | 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.
Property is move-in ready.
Built in 2005 (19 years old), the property falls within the 10-20 year range. It is well-maintained and move-in ready with recent cosmetic upgrades including luxury vinyl flooring, fresh paint, and stainless steel appliances. The kitchen and systems appear functional and consistent with the building's age.
Situated steps from Petco Park and the Gaslamp Quarter, this property offers unparalleled walkability to San Diego's premier dining, nightlife, and entertainment hubs.
Positioned as one of the lowest-priced opportunities in Downtown San Diego, this unit represents a high-value entry point for the desirable East Village/Downtown market.
The residence is move-in ready, featuring modern luxury vinyl flooring, fresh paint, and an upgraded kitchen with custom cabinetry and stainless steel appliances.
The association fee of $897 per month is substantial for a one-bedroom unit and may impact the overall affordability and debt-to-income ratio for some buyers.
The property is served by local schools with lower performance ratings, which may be a drawback for families or investors concerned with long-term resale appeal to a broader demographic.
Welcome to Diamond Terrace, where Downtown San Diego is your backyard. Ideally located just steps from Petco Park, the Gaslamp Quarter, top restaurants, nightlife, coffee shops, the Convention Center, Marina District, and more, this location offers the ultimate urban lifestyle. Whether you're heading to the airport or exploring the city, everything you need is within easy reach. This move-in ready residence features a bright, open floor plan, oversized bedroom, spacious living area, upgraded kitchen with custom cabinetry, stainless steel appliances, in-unit washer and dryer, walk-in pantry, luxury vinyl flooring, fresh paint, and more. Diamond Terrace residents enjoy secure access, gated parking, a fitness center, and a stunning rooftop deck with BBQs and panoramic views of Petco Park and the Downtown skyline. Priced as one of the lowest opportunities in Downtown San Diego, this is an exceptional value for buyers seeking location, lifestyle, and affordability. Don't miss your chance to own in one of Downtown's most desirable neighborhoods! This is your chance to own a stylish home in Downtown San Diego. Don’t make a move without seeing this one first!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 826 | 999 |
| Lot Size | - | 84,697.5 |
| Price | $439.0K | $604.2K |
| Price per sq ft | $531 | $618 |
| Built year | 2005 | 1985 |
| HOA | $897.0 | $500 |
| Days on market | 49 | 53 |
Jul 1, 2026
$439,000
$469,000
-6% Price Drop
Initial Listing
Jun 3, 2026
$469,000
Initial Listing
Apr 1, 2020
$392,000
Public Record
Aug 12, 2005
$329,000
Public Record