4514 51st Street 03, San Diego, California 92115, San Diego, 92115 - 2 bed, 2 bath
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San Diego, California 92115
This property presents a High-Potential Investment Opportunity with a List Price of $569,000, positioned above the $514,082 Fair Market Value. While the unit requires modernization, its Condition Rating of 5 reflects original 1980s finishes, offering a clear path for value-add renovations. Key assets include a private garage plus assigned parking and a private deck, which are rare for this central Talmadge location. This property is best suited for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4514 51st Street 03 Subject | $549,000* List Price | 2 | 2 | 905 | $466 | - |
A 4521 55th 2 Active | $489,000 List Price | 2 | 2 | 761 | $643 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1985 (39 years old) with no evidence of major renovations. The kitchen and bathrooms feature original oak cabinetry and tile countertops from the 1980s, and the unit utilizes dated wall heaters rather than modern central HVAC systems, meeting the >30 year age criteria for this category.
The property includes both a private garage and an additional assigned parking space, a rare and highly sought-after combination in this central San Diego location.
Situated in a desirable and vibrant neighborhood, the home offers excellent proximity to SDSU, local dining, and major freeways, ensuring strong rental demand and convenience.
The single-story carriage-style layout provides a sense of privacy and includes a primary suite and private outdoor space, offering a more residential feel than standard apartment-style condos.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 905, other record living area = 950.
The assigned public schools for this address have relatively low ratings (3 and 4 out of 10), which may be a drawback for families prioritizing educational performance.
At 905 square feet for a 2-bedroom, 2-bathroom unit, the interior space is relatively small, which could limit appeal for buyers looking for more spacious rooms or storage.
Welcome to this charming 2-bedroom, 2-bathroom condo in the heart of Talmadge, one of San Diego's most sought-after neighborhoods. With 905 square feet of single-story, carriage-style living, this home offers comfort, convenience, and a layout that lives larger than its footprint. Inside, you'll find a bright and welcoming living space that flows easily for both everyday living and entertaining. The kitchen is ready for home-cooked meals, while two generously sized bedrooms — including a primary suite — provide flexible space for rest, guests, or a home office. A private outdoor area gives you the perfect spot for morning coffee or unwinding at the end of the day. Parking is a breeze with two dedicated spaces, including a private garage plus an additional assigned space — a rare and valuable find in this central location. Ideally located, this home puts you minutes from SDSU, local shops and restaurants, parks, and major freeways for an easy commute anywhere in the city. Whether you're a first-time buyer, looking to downsize, or searching for a smart investment opportunity, this Talmadge gem checks all the boxes. Don't miss your chance to own in this vibrant, central San Diego community. Schedule your showing today!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 905 | 999 |
| Lot Size | - | 84,697.5 |
| Price | $549.0K | $604.2K |
| Price per sq ft | $607 | $618 |
| Built year | 1985 | 1985 |
| HOA | $400.0 | $500 |
| Days on market | 34 | 53 |
Jul 15, 2026
$549,000
$569,000
-4% Price Drop
Initial Listing
Jun 18, 2026
$569,000
Initial Listing
Nov 20, 2002
$230,000
Public Record