5402 Balboa Arms 415, San Diego, California 92117, San Diego, 92117 - 3 bed, 2 bath
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San Diego, California 92117
This Turnkey Condominium is a Prime Investment Opportunity, listed at $690,000—positioned well below the $707,450 Fair Market Value by 2%. This valuation gap offers $17,450 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a Renovated Kitchen, Modern LVP Flooring, and Central A/C. With access to Community Pools and Fitness Centers, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, move-in ready lifestyle in San Diego.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5402 Balboa Arms 415 Subject | $649,000* List Price | 3 | 2 | 1,127 | $612 | - |
A 5252 Balboa Arms Dr 205 Sold | $605,000 | 3 | 2 | 970 | $624 | 0.1 mi |
B 5402 Balboa Arms 348 Sold | $529,000 | 2 | 2 | 782 | $676 | 0.0 mi |
C 5252 Balboa Arms 120 Sold | $568,000 | 2 | 2 | 768 | $740 | 0.1 mi |
D 5402 Balboa Arms Dr 314 Sold | $535,000 | 2 | 2 | 825 | $648 | 0.0 mi |
E 5252 Balboa Arms Drive 207 Sold | $535,000 | 2 | 2 | 768 | $697 | 0.1 mi |
F 6750 Beadnell Way 30 Sold | $482,000 | 2 | 2 | 883 | $546 | 0.6 mi |
G 5402 Balboa Arms Drive 345 Sold | $530,000 | 2 | 2 | 782 | $678 | 0.0 mi |
H 6602 Beadnell Way 22 Active | $520,000 List Price | 2 | 2 | 923 | $563 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1995 but features significant updates including a renovated kitchen with stainless steel appliances and granite countertops, modern LVP flooring, and a newer mini-split HVAC system. The property is well-maintained and move-in ready, fitting the 5-15 year renovation window.
Elementary School: Holmes Elementary School (9/10).
As a top-floor unit, this home offers increased privacy with no neighbors above, while the vaulted ceilings enhance the sense of space and natural light throughout the 3-bedroom layout.
The property features essential modern updates including stainless steel appliances, updated flooring, in-unit laundry, and central A/C, providing a turnkey experience for the buyer.
While some local elementary schools are highly rated, the assigned middle and high schools have lower performance scores, which may impact long-term resale value for families.
With 1,127 square feet split across three bedrooms, individual room sizes may feel restrictive for those requiring large furniture or expansive primary suites.
MAJOR PRICE IMPROVEMENT! VA & FHA approved! Move-in ready top-floor 3BD/2BA condo offering 1,127 sq. ft. of comfortable living space in a gated San Diego community. This light-filled residence features vaulted ceilings, A/C, in-unit laundry, updated flooring, abundant storage, and an open-concept living and dining area designed for both everyday living and entertaining. The updated kitchen includes stainless steel appliances, generous cabinetry, and bar seating. The flexible floor plan supports a variety of lifestyle needs, including guest space or a work-from-home setup. Private balcony with additional storage, along with access to resort-style community amenities including pools, spa, sauna, fitness center, clubhouse, and BBQ areas. Ideally located near shopping, dining, the Convoy District, Tecolote Canyon trails, beaches, and major freeway access, this home offers an exceptional combination of value, comfort, and convenience. *All information is reliable but not guaranteed and should be verified by buyer before close of escrow.*
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.7 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,127 | 999 |
| Lot Size | 88,420 | 84,697.5 |
| Price | $649.0K | $604.2K |
| Price per sq ft | $576 | $618 |
| Built year | 1995 | 1985 |
| HOA | $395.0 | $500 |
| Days on market | 59 | 53 |
Jun 18, 2026
$649,000
$690,000
-6% Price Drop
Initial Listing
May 24, 2026
$690,000
Initial Listing
Aug 8, 2023
$665,000
Public Record
Feb 26, 2020
$424,000
Public Record
Jun 5, 2017
$388,000
Public Record
May 8, 2006
$387,000
Public Record