445 Island Avenue 309, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
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San Diego, California 92101
This Modern Gaslamp Condominium is a Strong Value Opportunity, listed at $449,000—positioned well below the $474,540 Fair Market Value by 5%. This valuation gap offers $25,540 in Instant Equity for buyers. Maintaining a Good Condition Rating, the oversized 807 sqft layout features laminate wood flooring, a dedicated office nook, and access to a resort-style pool and spa. Located steps from Petco Park and Washington Elementary, it perfectly balances investment potential with a vibrant downtown lifestyle. This is an ideal acquisition for Urban Professionals or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 445 Island Avenue 309 Subject | $449,000* List Price | 1 | 1 | 807 | $588 | - |
A 450 J Street 3151 Sold | $457,000 | 1 | 1 | 777 | $588 | 0.0 mi |
B 427 9th Ave 601 Sold | $455,000 | 1 | 1 | 843 | $540 | 0.3 mi |
C 1225 Island Avenue 611 Sold | $450,000 | 1 | 1 | 667 | $675 | 0.4 mi |
D 427 9th Avenue 405 Sold | $501,500 | 1 | 1 | 855 | $587 | 0.3 mi |
E 253 10th Ave 329 Sold | $480,000 | 1 | 1 | 831 | $578 | 0.4 mi |
F 1050 Island Ave 422 Sold | $580,000 | 1 | 1 | 894 | $649 | 0.3 mi |
G 450 J Street 4101 Active | $450,000 List Price | 1 | 1 | 655 | $687 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this 20-year-old property is in well-maintained, move-in ready condition. The kitchen and bathroom feature functional granite countertops and stainless steel appliances that, while original in style, remain in good repair. The addition of a new washer/dryer and updated laminate flooring supports a 'Good' rating for its age bracket.
Situated in the heart of the Gaslamp Quarter, this property offers exceptional walkability to Petco Park, Ralphs, and premier dining and nightlife, making it an ideal hub for downtown living.
At 807 square feet, this oversized one-bedroom unit includes a unique hallway space perfect for a home office or library, providing more functional square footage than typical downtown condos.
The residence features resort-style perks including a pool, jacuzzi, fitness center, and secured underground parking, all supported by relatively reasonable HOA dues for the 92101 area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =24393, other record lot size in square feet = 24323.
The recent $50,000 price reduction suggests the property faced initial challenges with market positioning, which may impact buyer perception regarding its immediate valuation.
Being located on the 3rd floor in a high-density entertainment district, the unit is likely subject to significant street noise and activity typical of the Gaslamp Quarter's nightlife.
Oversized 1-bedroom, 1-bath residence with 807 sq. ft. located on the 3rd floor, offering abundant natural light and an open, comfortable layout. The home features laminate wood flooring, an open kitchen and living area, and a spacious hallway with room for a desk or library. The generous primary bedroom includes a walk-in closet, and the unit is well maintained throughout. New washer and dryer included for added convenience. Enjoy reasonable HOA dues and resort-style community amenities including a pool, jacuzzi, fitness center, courtyard with BBQ areas, and secured underground parking with one reserved space. Ideally situated in the heart of the Gaslamp Quarter, just a short walk to Petco Park, Ralphs grocery store, restaurants, nightlife, and entertainment, making it the perfect opportunity to enjoy vibrant downtown San Diego living.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 41% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 807 | 1,107 | 23% |
| Lot Size | 24,393.6 | - | 72% |
| Price | $449.0K | $755.1K | 15% |
| Price per sq ft | $556 | $696 | 14% |
| Built year | 2006 | 2004 | 63% |
| HOA | $523.0 | $896 | 7% |
| Days on market | 50 | 155 | 11% |
Apr 21, 2026
$449,000
$499,000
-10% Price Drop
Initial Listing
Mar 4, 2026
$499,000
Initial Listing
Sep 14, 2020
$395,000
Public Record
Aug 6, 2014
$342,500
Public Record
Jul 6, 2012
$226,000
Public Record
Jul 14, 2006
$467,000
Public Record