5402 Balboa Arms Dr. 338, San Diego, California 92117, San Diego, 92117 - 3 bed, 2 bath
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San Diego, California 92117
This 3-bedroom condominium represents a Strong Value Opportunity, listed at $599,000—positioned well below the $640,286 Fair Market Value by 6%. This valuation gap offers $41,286 in Instant Equity for the buyer. With a Condition Rating of 3, the unit is move-in ready, featuring modern updates and a private patio. Located in the heart of Clairemont near Holmes Elementary (9/10), this property is an ideal acquisition for first-time buyers or owner-occupants seeking a central, resort-style lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5402 Balboa Arms Dr. 338 Subject | $599,000* List Price | 3 | 2 | 971 | $659 | - |
A 5252 Balboa Arms Dr 205 Sold | $605,000 | 3 | 2 | 970 | $624 | 0.1 mi |
B 5402 Balboa Arms Dr 314 Sold | $535,000 | 2 | 2 | 825 | $648 | 0.0 mi |
C 5252 Balboa Arms Drive 207 Sold | $535,000 | 2 | 2 | 768 | $697 | 0.1 mi |
D 5402 Balboa Arms Drive 345 Sold | $530,000 | 2 | 2 | 782 | $678 | 0.0 mi |
E 5252 Balboa Arms 120 Sold | $568,000 | 2 | 2 | 768 | $740 | 0.1 mi |
F 6750 Beadnell Way 30 Sold | $482,000 | 2 | 2 | 883 | $546 | 0.6 mi |
G 5402 Balboa Arms 348 Active | $529,000 List Price | 2 | 2 | 782 | $676 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1995, this property is well-maintained and move-in ready. While the structure is nearly 30 years old, the interior features updates including stainless steel appliances, stone countertops, and modern laminate flooring that appear to be within a 5-15 year renovation window. The systems and finishes are functional and do not show signs of immediate repair needs.
Elementary School: Holmes Elementary School (9/10).
Finding a three-bedroom condo at this price point in the central Clairemont area is uncommon, offering significant value for growing families or those requiring a dedicated home office.
The unit is ideally positioned directly in front of the community pool within a secure gated complex, featuring highly desirable perks like in-unit laundry and a private enclosed patio.
With only 971 square feet allocated across three bedrooms, the interior layout is quite dense, potentially resulting in smaller individual room dimensions and limited common area space.
The property does not offer any significant views, which may be a disadvantage for buyers seeking the aesthetic appeal of the surrounding San Diego landscape or city lights.
Rare 3-bedroom condo located in the highly desirable gated community of Balboa Ridge, centrally situated in the heart of Clairemont. The thoughtfully designed kitchen features a peninsula that is perfect for casual dining and entertaining guests. Ideally positioned directly in front of the community pool, this home offers both convenience and a resort-style atmosphere. Enjoy the added comfort of inside private laundry and an enclosed private front patio, perfect for BBQs or pets. Conveniently located near shopping, freeways, schools, parks, and just a short drive to San Diego’s beautiful beaches.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 90% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 971 | 912 | 71% |
| Lot Size | 88,426.797 | 30,927.6 | 77% |
| Price | $599.0K | $530.0K | 65% |
| Price per sq ft | $617 | $584 | 58% |
| Built year | 1995 | 1982 | 81% |
| HOA | $395.0 | $500 | 26% |
| Days on market | 15 | 142 | 3% |
Jun 2, 2026
$599,000
Initial Listing
Dec 20, 2012
$191,000
Public Record
May 10, 2007
$390,000
Public Record