475 Redwood St 406, San Diego, California 92103, San Diego, 92103 - 1 bed, 1 bath
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475 Redwood St 406
San Diego, California 92103
ACTIVE
CONDITION: GOOD
1Beds
1Baths
659Sq Ft
20,127Lot Size
Property Price
LIST PRICE$625,000
EST. MARKET VALUE
$560,249
11% AboveMARKET VALUE
SUMMARY
This Modern Bankers Hill Condominium is a Strong Value Opportunity, listed at $625,000—positioned above the $560,250 Fair Market Value. While priced at a premium, the property offers a Good Condition Rating and a highly desirable lifestyle in a walkable urban core. Featuring a Southwest-facing orientation, peek-a-boo water views, and access to top-rated schools like McKinley Elementary, this residence provides a turnkey living experience. With premium building amenities including EV chargers and a fitness center, this is an ideal acquisition for urban professionals or first-time buyers seeking a move-in ready home.
Estimated Market Value
$560,249
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 406 Subject | $625,000* List Price | 1 | 1 | 659 | $850 | - |
A 2909 1st 1b Sold | $615,000 | 1 | 1 | 753 | $817 | 0.2 mi |
B 1007 Robinson Ave Sold | $680,000 | 1 | 2 | 900 | $756 | 0.7 mi |
C 2850 Reynard Way 30 Sold | $500,000 | 2 | 1 | 726 | $689 | 0.5 mi |
D 3922 Albatross Street 3 Sold | $570,000 | 1 | 1 | 713 | $799 | 0.8 mi |
E 3634 7th Ave 4b Sold | $559,000 | 1 | 1 | 805 | $694 | 0.4 mi |
F 3145 Union Street 1 Sold | $660,000 | 2 | 2 | 894 | $738 | 0.7 mi |
G 1030 Robinson Ave 205 Pending | $489,900 List Price | 1 | 1 | 675 | $726 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2006, the property is exactly 20 years old, placing it in the 'Good' category. The kitchen features well-maintained original cabinetry, granite countertops, and stainless steel appliances. The unit is described as move-in ready and well-maintained with functional systems including an in-unit washer/dryer.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: McKinley Elementary School (9/10).
- Prime Walkable Location
Situated just one block from Balboa Park and in the heart of Bankers Hill, the property offers exceptional walkability to top-tier restaurants, coffee shops, and cultural attractions.
- Comprehensive Building Amenities
The residence includes highly desirable urban features such as EV chargers, a fitness center, dedicated parking, and bike storage, adding significant value and convenience.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $788.57 is relatively high for a 659-square-foot one-bedroom unit, which may affect the overall affordability and debt-to-income ratio for some buyers.
- Limited Living Space
At 659 square feet, the compact footprint may be a constraint for buyers seeking a home office space or those with larger furniture requirements.
About 475 Redwood St 406
Artfully designed 1 bed, 1 bath with 659 square feet of modern living in the heart of Bankers Hill! This southwest-facing residence stays light and bright all day, with peek-a-boo views of the water and the airport. The layout is open and functional, finished with an in-unit washer/dryer and dedicated parking. Step outside and you're a block from Balboa Park, with Bankers Hill's best restaurants and coffee shops right at your door. The building is very well maintained and loaded with amenities: EV chargers, a fitness center, new community room, bike storage, and a BBQ area. Walkable, central, and move-in ready. This is San Diego living at its finest!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2006
- Lot Size
- 20,127 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $788.57 / 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 | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 659 | 1,002.307 |
| Lot Size | 20,127 | 75,574.68 |
| Price | $625.0K | $596.0K |
| Price per sq ft | $948 | $612 |
| Built year | 2006 | 1985 |
| HOA | $788.57 | $529 |
| Days on market | 19 | 55 |
Pricing History
Listed for Sale
Aug 21, 2026
$625,000
Initial Listing
Sold
Sep 17, 2021
$500,000
Public Record
Sold
Jul 26, 2021
$465,000
Public Record
Sold
May 2, 2018
$429,000
Public Record
Sold
Mar 28, 2014
$310,000
Public Record
Sold
Sep 10, 2008
$269,000
Public Record
Sold
Mar 27, 2006
$375,000
Public Record
Sold
Nov 22, 2005
$309,000
Public Record