4514 51st Street 03, San Diego, California 92115, San Diego, 92115 - 2 bed, 2 bath
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4514 51st Street 03
San Diego, California 92115
ACTIVE
CONDITION: FAIR
2Beds
2Baths
905Sq Ft
0Lot Size
Property Price
LIST PRICE$569,000
EST. MARKET VALUE
$538,224
5% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $569,000, positioned well above the $538,225 Fair Market Value by -5%. Featuring a Condition Rating of 4, this carriage-style unit offers a Private Garage and New A/C, though it requires cosmetic updates to maximize rental yield. While school ratings are modest, the central Talmadge location ensures consistent demand. This property serves as a functional asset for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a prime San Diego neighborhood.
Estimated Market Value
$538,224
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 |
|---|---|---|---|---|---|---|
★ 4514 51st Street 03 Subject 2 bd · 2 ba · 905 sqft · $595 | $645,000 | 2 | 2 | 905 | $595 | - |
A 5025 Collwood Way 20 Sold 2 bd · 2 ba · 1,020 sqft · $559 · 0.7 mi | $570,000 | 2 | 2 | 1,020 | $559 | 0.7 mi |
B 4527 Contour Blvd 1 Active 2 bd · 2 ba · 980 sqft · $648 · 0.2 mi | $635,000 List Price | 2 | 2 | 980 | $648 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1985 (39 years old), the property is dated and largely original. While the listing highlights a new A/C system, the kitchen features older oak cabinetry and white appliances that are past their typical design lifecycle. The interior is functional and well-maintained but requires cosmetic updates to the kitchen, baths, and flooring to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Superior Parking Assets
The inclusion of both a private garage and an additional assigned parking space is a rare and highly valuable commodity in the central Talmadge neighborhood, offering significant convenience and security.
- Desirable Carriage-Style Layout
The single-story, carriage-style design provides enhanced privacy and a more independent feel compared to traditional stacked condominiums, making the 905-square-foot space feel more like a detached home.
- Modern Climate Comfort
The property returns to market with newly installed air conditioning, addressing a major pain point for older San Diego units and ensuring immediate move-in readiness and year-round comfort.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 905, other record living area = 950.
- Underperforming School District
The assigned public schools carry relatively low ratings (ranging from 3 to 4 out of 10), which may limit the property's long-term appreciation potential and appeal to families.
- Compact Living Dimensions
With a total of 905 square feet for a two-bedroom, two-bathroom unit, the interior proportions are relatively tight, which may challenge buyers looking for larger communal living areas or extensive storage.
About 4514 51st Street 03
BACK ON MARKET WITH A/C! 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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $400.0 / Month
Neighborhood Insights
San Diego Unified Schools
Fay Elementary School
Grades K-5 • 0.6 mi
3/10
Mann Middle School
Grades 6-8 • 0.4 mi
4/10
Crawford High School
Grades 9-12 • 0.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 905 | 1,018.142 |
| Lot Size | - | 75,257.211 |
| Price | $569.0K | $598.4K |
| Price per sq ft | $629 | $607 |
| Built year | 1985 | 1986 |
| HOA | $400.0 | $536 |
| Days on market | 129 | 58 |
Pricing History
Listed for Sale
Oct 24, 2026
$569,000
$529,000
+8% Price Increase
Initial Listing
Price Change
Jul 29, 2026
$529,000
$549,000
-4% Price Drop
Initial Listing
Price Change
Jul 15, 2026
$549,000
$569,000
-4% Price Drop
Initial Listing
Price Change
Jun 18, 2026
$569,000
Initial Listing
Sold
Nov 20, 2002
$230,000
Public Record