510 1st Ave 1101, San Diego, California 92101, San Diego, 92101 - 1 bed, 2 bath
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510 1st Ave 1101
San Diego, California 92101
ACTIVE
CONDITION: FAIR
1Beds
2Baths
1,036Sq Ft
60,067Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$625,569
11% AboveMARKET VALUE
SUMMARY
This Marina District Condominium presents a High-Potential Investment Opportunity, listed at $699,000—positioned well below the $786,510 Fair Market Value by 11%. This valuation gap offers $87,510 in Instant Equity for buyers. Featuring a Fair Condition Rating, the unit includes a flooring allowance to address cosmetic needs. With Panoramic City Skyline Views, a Versatile Den, and proximity to The Rady Shell, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add urban lifestyle.
Estimated Market Value
$625,569
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 |
|---|---|---|---|---|---|---|
★ 510 1st Ave 1101 Subject | $699,000* List Price | 1 | 2 | 1,036 | $604 | - |
A 330 J St. 201 Sold | $580,000 | 2 | 2 | 990 | $586 | 0.2 mi |
B 350 K St 205 Sold | $590,000 | 2 | 2 | 1,024 | $576 | 0.2 mi |
C 777 6th Ave 419 Sold | $585,000 | 2 | 2 | 1,119 | $523 | 0.4 mi |
D 700 W Harbor 1506 Sold | $765,000 | 2 | 2 | 1,013 | $755 | 0.3 mi |
E 655 India Street Sold | $586,000 | 1 | 2 | 1,044 | $561 | 0.2 mi |
F 530 K 615 Sold | $490,000 | 2 | 2 | 937 | $523 | 0.3 mi |
G 350 K Street 408 Sold | $599,000 | 2 | 2 | 933 | $642 | 0.2 mi |
H 800 The Mark 204 Sold | $675,000 | 1 | 1 | 967 | $698 | 0.4 mi |
I 301 W G St 321 Active | $855,000 List Price | 2 | 2 | 1,332 | $642 | 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 2002 (22 years old), the property is dated and requires updates to meet modern standards. While the listing mentions fresh paint and new doors, the kitchen and bathrooms feature older granite and slate tile finishes. The seller's offer of a flooring allowance confirms that the current flooring is a necessary update, aligning with the 'Fair' criteria for properties over 20 years old needing minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Marina District Location
Situated in the prestigious Marina District, this property offers exceptional walkability to Seaport Village, The Rady Shell, and Petco Park, placing residents in the heart of San Diego's premier waterfront lifestyle.
- Panoramic Urban Views
As a bright corner unit featuring floor-to-ceiling windows, the home provides stunning, unobstructed panoramic views of the downtown skyline and vibrant city lights from every room.
- Spacious & Versatile Layout
The generous 1,036 sqft floor plan includes a rare den and two full bathrooms, offering significant flexibility for a home office, fitness area, or guest accommodations.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Dues
The association fee of $1,809 per month is substantially higher than the market average for a one-bedroom unit, which may impact overall affordability and buyer interest.
- Immediate Flooring Needs
The seller's offer of a flooring allowance indicates that the current flooring requires replacement, necessitating immediate post-purchase renovation and coordination by the buyer.
About 510 1st Ave 1101
Seller willing to credit buyer a flooring allowance. Spacious & bright corner unit with incredible panoramic views of downtown from every window! Located in the heart of the Marina District, this chic condo boasts floor-to-ceiling windows, a well-designed layout to include a versatile den with access to the balcony, perfect for a home office, fitness area, or a creative studio. The stone-surround gas fireplace sets the mood for romance while the open kitchen boasts stainless steel appliances, crisp white cabinetry, and granite counters. The primary bedroom features a large walk-in closet, blackout shades, access to the patio, and an ensuite bath with a shower/tub combo and plenty of cabinet storage. Additional features include a second bathroom with a walk-in shower and an in-unit laundry closet large enough to accommodate a full-sized washer and dryer! Upgrades include premium light fixtures, ceiling fans, blackout blinds, new modern doors and fresh paint throughout. Enjoy beautiful sunset views of Downtown from your large private patio. Horizon residents enjoy year-round socials for the entire community. Resident amenities include a gym, pool, spa, conference room, lounge, remodeled lobbies and some common areas, storage unit, EV chargers, guest parking, and 24-hour gated security. Ideally situated just steps to The Rady Shell and Seaport Village, adjacent to an off-leash dog park, with a short stroll to a Padres games and concerts at Petco Park. You’re also moments to Little Italy, the Gaslamp Quarter and San Diego’s incredible calendar of events. *** Horizon residents enjoy year-round socials for the entire community. Resident amenities include a gym, pool, spa, conference room, lounge, remodeled lobbies and some common areas, storage unit, EV chargers, guest parking, and 24-hour gated security. Ideally situated just steps to The Rady Shell and Seaport Village, adjacent to an off-leash dog park, with a short stroll to a Padres games and concerts at Petco Park. You’re also moments to Little Italy, the Gaslamp Quarter and San Diego’s incredible calendar of events.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2002
- Lot Size
- 60,067 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1809.0 / Month
Neighborhood Insights
San Diego Unified Schools
Washington Elementary School
Grades K-5 • 0.9 mi
5/10
Roosevelt International Middle School
Grades 6-8 • 2.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,036 | 1,002.307 |
| Lot Size | 60,067 | 75,574.68 |
| Price | $699.0K | $596.0K |
| Price per sq ft | $675 | $612 |
| Built year | 2002 | 1985 |
| HOA | $1809.0 | $529 |
| Days on market | 12 | 55 |
Pricing History
Listed for Sale
Aug 28, 2026
$699,000
Initial Listing
Sold
Dec 21, 2020
$526,000
Public Record
Sold
May 14, 2001
$330,000
Public Record