4521 55th Street 12, San Diego, California 92115, San Diego, 92115 - 2 bed, 2 bath
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San Diego, California 92115
This condominium represents a Strong Value Opportunity, listed at $489,000—positioned above the $446,818 Fair Market Value. While priced at a premium, the property offers a stable, move-in-ready asset with a Condition Rating of 3, featuring a Granite Kitchen, stainless steel appliances, and central HVAC. Its proximity to SDSU and gated community status drive high rental demand, making this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance lifestyle in a prime San Diego location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4521 55th Street 12 Subject | $489,000* List Price | 2 | 2 | 761 | $587 | - |
A 4504 60th Street 13 Sold | $473,000 | 2 | 2 | 827 | $572 | 0.4 mi |
B 4560 60th Street 20 Sold | $370,000 | 1 | 1 | 741 | $499 | 0.4 mi |
C 4859 Collwood B Sold | $365,000 | 1 | 1 | 731 | $499 | 0.7 mi |
D 4521 55th Street #4 Sold | $449,000 | 2 | 2 | 735 | $611 | - |
E 5700 Bates St 6 Sold | $435,000 | 2 | 2 | 874 | $498 | 0.9 mi |
F 5510 Adelaide Ave. 1 Sold | $361,600 | 1 | 1 | 650 | $556 | 0.1 mi |
G 4540 60th Street 211 Active | $450,000 List Price | 2 | 2 | 845 | $533 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1995 (29 years old), the property features updates including granite countertops, stainless steel appliances, and solid wood cabinetry that appear to be within the 5-15 year renovation window. The unit is move-in ready, well-maintained, and includes functional central HVAC systems.
Located just minutes from SDSU with easy freeway access, this property is perfectly positioned for high rental demand, offering a unique opportunity for investors to acquire multiple units via a 1031 exchange.
The condo features high-quality finishes including granite countertops, solid wood cabinetry, and stainless steel appliances, paired with the essential comfort of central heating and air conditioning.
Situated within a gated community, the unit offers desirable urban conveniences such as elevator access and tandem garage parking, which are premium features for the area.
With only 761 square feet for a two-bedroom, two-bathroom layout, the interior space may feel restrictive for residents seeking a more open or spacious floor plan.
The local public schools carry lower ratings (3 and 4 out of 10), which could be a drawback for long-term owner-occupants with school-aged children.
Welcome to Summit Place! This beautifully maintained 2-bedroom, 2-bath condominium offers comfortable living in a gated community just minutes from SDSU, shopping, dining, and convenient freeway access. The bright, open-concept living area is centered around a cozy fireplace, creating the perfect space to relax or entertain, while a private balcony extends your living space outdoors. The kitchen features granite countertops, solid wood cabinetry, stainless steel appliances, and central heating and air conditioning for year-round comfort. The spacious primary suite includes dual closets, an en-suite bathroom, and direct balcony access. Additional highlights include elevator access, tandem garage parking, and a well-maintained community. Whether you're a first-time homebuyer, investor, or looking for a low-maintenance lifestyle, this move-in-ready condo presents an exceptional opportunity in a prime San Diego location. Seller is completing a 1031 Exchange and is offering Units 2, 12, and 14 for sale individually or together, creating a unique opportunity for investors or buyers interested in acquiring multiple units within the same community.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 761 | 999 |
| Lot Size | 16,881 | 84,697.5 |
| Price | $489.0K | $604.2K |
| Price per sq ft | $643 | $618 |
| Built year | 1995 | 1985 |
| HOA | $405.0 | $500 |
| Days on market | 9 | 53 |
Jul 13, 2026
$489,000
Initial Listing
Nov 5, 2009
$120,000
Public Record
Aug 31, 2006
$330,000
Public Record