475 Redwood St 403, San Diego, California 92103, San Diego, 92103 - 2 bed, 2 bath
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475 Redwood St 403
San Diego, California 92103
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,151Sq Ft
0Lot Size
Property Price
LIST PRICE$855,000
EST. MARKET VALUE
$796,365
7% AboveMARKET VALUE
SUMMARY
This Turnkey Bankers Hill Condominium is a Strong Value Opportunity, listed at $855,000—positioned well above the $796,366 Fair Market Value by 7%. While the price reflects a premium, the property offers a Fair Condition Rating with high-end Granite Kitchen finishes and a desirable South-East Corner Layout. Residents enjoy a Balcony with Point Loma Views and proximity to Top-Rated Schools like McKinley Elementary. This residence balances urban lifestyle with convenience, making it an ideal acquisition for Owner-Occupants or Urban Professionals seeking a move-in ready home.
Estimated Market Value
$796,365
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 |
|---|---|---|---|---|---|---|
★ 475 Redwood St 403 Subject 2 bd · 2 ba · 1,151 sqft · $692 | $855,000* List Price | 2 | 2 | 1,151 | $692 | - |
A 3275 5th Ave #404 Sold 2 bd · 2 ba · 1,192 sqft · $742 · 0.1 mi | $885,000 | 2 | 2 | 1,192 | $742 | 0.1 mi |
B 3815 First Ave 104 Sold 2 bd · 2 ba · 1,173 sqft · $746 · 0.7 mi | $875,000 | 2 | 2 | 1,173 | $746 | 0.7 mi |
C 3650 5th Avenue 606 Sold 2 bd · 2 ba · 1,055 sqft · $640 · 0.5 mi | $675,000 | 2 | 2 | 1,055 | $640 | 0.5 mi |
D 3060 6th Ave 15 Sold 2 bd · 2 ba · 1,366 sqft · $692 · 0.1 mi | $945,000 | 2 | 2 | 1,366 | $692 | 0.1 mi |
E 3290 6th Avenue 4c Sold 2 bd · 2 ba · 1,183 sqft · $608 · 0.2 mi | $719,000 | 2 | 2 | 1,183 | $608 | 0.2 mi |
F 3940 7th Ave 106 Sold 2 bd · 2 ba · 1,417 sqft · $660 · 0.8 mi | $935,000 | 2 | 2 | 1,417 | $660 | 0.8 mi |
G 1007 Robinson Ave Sold 1 bd · 2 ba · 900 sqft · $756 · 0.7 mi | $680,000 | 1 | 2 | 900 | $756 | 0.7 mi |
H 3200 6th Ave 205 Active 2 bd · 2 ba · 1,058 sqft · $897 · 0.1 mi | $949,000 List Price | 2 | 2 | 1,058 | $897 | 0.1 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 2005, the property is 21 years old, placing it in the 'Fair' category (>20y). While the unit is well-maintained and move-in ready with granite countertops and stainless steel appliances, the finishes and HVAC systems are original to the build and reaching the age where updates or minor repairs are typically expected.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: McKinley Elementary School (9/10).
- Prime Bankers Hill Location
Situated in the highly desirable Bankers Hill neighborhood, the property offers exceptional walkability to Balboa Park and the iconic Quince Street pedestrian bridge.
- Desirable Corner Unit Layout
As a bright south-east corner unit, the home features a popular open floor plan with a formal entry and a balcony offering westerly views toward Point Loma.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Dues
The association fee of $869.29 is relatively high, which may impact the overall monthly affordability for some prospective buyers.
- Recent Price Adjustment
A recent price reduction from the original list price suggests the property is still finding its market value amid current competition.
About 475 Redwood St 403
Bright and sunny south east corner unit at coveted Alicante. The Balcony captures some Westerly views of Pt Loma in the distance. A popular floor plan with a formal entry, open kitchen with granite countertops and stainless steel appliances. Excellent location near the iconic Quince St pedestrian bridge, Balboa park and ideally located in Bankers Hill. In addition, there are two side by side parking spaces, allocated storage, and a shared bike room.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $869.29 / Month
Neighborhood Insights
San Diego Unified Schools
Florence Elementary School
Grades K-5 • 0.8 mi
8/10
Washington Elementary School
Grades K-5 • 1.0 mi
5/10
Birney Elementary School
Grades K-5 • 1.5 mi
8/10
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 | 1,151 | 1,018.142 |
| Lot Size | - | 75,257.211 |
| Price | $855.0K | $598.4K |
| Price per sq ft | $743 | $607 |
| Built year | 2005 | 1986 |
| HOA | $869.29 | $536 |
| Days on market | 23 | 58 |
Pricing History
Listed for Sale
Oct 18, 2026
$855,000
$870,000
-2% Price Drop
Initial Listing
Price Change
Oct 2, 2026
$870,000
Initial Listing
Sold
Jun 17, 2011
$472,000
Public Record
Sold
Jan 20, 2006
$560,000
Public Record
Sold
Dec 8, 2005
$549,000
Public Record