4501 Collwood Blvd 4, San Diego, California 92115, San Diego, 92115 - 2 bed, 2 bath

4501 Collwood Blvd 4, San Diego, California 92115 home-pic-0
ACTIVE$490,000
4501 Collwood Blvd 4, San Diego, California 92115
2Beds
2Baths
1,005Sqft
20,113Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Short-Term Rental Potential: The property explicitly permits Short Term Rentals, offering an excellent opportunity for investors seeking income generation or owner-users looking for supplemental revenue.
Top Cons:
High Monthly HOA Dues: The association fee of $482.55 per month is relatively high, adding a significant recurring cost to homeownership that potential buyers must factor into their budget.

Compared to the nearby listings

Price:$490.0K vs avg $441.2K (+$48,750)70%
Size:1,005 sqft vs avg 849.5 sqft68%
Price/sqft:$488 vs avg $52330%

More Insights

Built in 1968 (57 years old).
Condition: The property, built in 1968, features a thoughtfully updated kitchen with modern white shaker cabinets, granite countertops, and stainless steel appliances, along with updated flooring and contemporary light fixtures in the main living areas. While the kitchen and living spaces appear to have been extensively renovated within the last 5-15 years, the bathrooms show signs of being less recently updated, with older-style tub/shower combos and vanities. The unit is move-in ready, but the overall building age and the condition of the bathrooms prevent it from reaching an 'excellent' rating.
Year Built
1968
Close
-
List price
$490K
Original List price
$499K
Price/Sqft
$488
HOA
$482.55
Days on market
-
Sold On
-
MLS number
250041339SD
Home ConditionGood
Features
View-

About this home

Welcome to 4501 Collwood Blvd Unit 4, a move-in-ready condo nestled in the heart of San Diego's vibrant 92115 neighborhood. This charming 2-bedroom, 2-bathroom home offers the perfect blend of classic character and modern convenience. This building permits Short Term Rentals, making it an excellent opportunity for both investors and owner-users. Come inside and be greeted by a bright, spacious open floor plan that flows effortlessly. The kitchen has been thoughtfully updated with sleek countertops, modern cabinetry, and integrated appliances, making it a joy to cook and entertain in. The large living and dining areas are bathed in natural light, providing a warm and inviting atmosphere. Both bedrooms are generously sized and offer plenty of storage, with the master suite serving as a peaceful retreat complete with a private en-suite bathroom. An in-unit washer and dryer combo adds an extra layer of convenience. Outside, the community provides a serene escape, and you'll enjoy the added bonus of two assigned parking spaces. Situated between the desirable neighborhoods of Talmadge and College West, this home puts you in the center of it all. You'll be just minutes from San Diego State University and have quick access to major freeways, making your commute and weekend adventures a breeze. This is more than a home; it's a lifestyle. Explore the eclectic dining, trendy cafes, and vibrant parks that define this dynamic community. Ready to see your new​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ home?

Condition Rating
Good

The property, built in 1968, features a thoughtfully updated kitchen with modern white shaker cabinets, granite countertops, and stainless steel appliances, along with updated flooring and contemporary light fixtures in the main living areas. While the kitchen and living spaces appear to have been extensively renovated within the last 5-15 years, the bathrooms show signs of being less recently updated, with older-style tub/shower combos and vanities. The unit is move-in ready, but the overall building age and the condition of the bathrooms prevent it from reaching an 'excellent' rating.
Pros & Cons

Pros

Short-Term Rental Potential: The property explicitly permits Short Term Rentals, offering an excellent opportunity for investors seeking income generation or owner-users looking for supplemental revenue.
Strategic Location & Accessibility: Situated between the desirable Talmadge and College West neighborhoods, the condo offers quick access to major freeways and is minutes from San Diego State University, enhancing its appeal for students, faculty, and commuters.
Modern & Move-in Ready Interior: The unit boasts a thoughtfully updated kitchen with sleek countertops and modern cabinetry, an open floor plan, and is described as 'move-in-ready,' appealing to buyers seeking immediate occupancy without renovation.
Valuable Conveniences: The inclusion of an in-unit washer and dryer combo and two assigned parking spaces provides significant convenience and added value, particularly in an urban condominium setting.
Vibrant Neighborhood Lifestyle: The property is located in a dynamic community with access to eclectic dining, trendy cafes, and vibrant parks, offering an attractive lifestyle for residents.

Cons

High Monthly HOA Dues: The association fee of $482.55 per month is relatively high, adding a significant recurring cost to homeownership that potential buyers must factor into their budget.
Building Age: Constructed in 1968, the building is over 50 years old. While the unit is updated, the age of the overall structure could lead to higher maintenance costs for the association or potentially dated common areas.
Recent Price Adjustment: A recent price reduction from $499,000 to $490,000 might suggest initial overpricing or a need to stimulate buyer interest, potentially impacting perceived market value or negotiation leverage.

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