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550 15th St 102, San Diego, California 92101, San Diego, 92101 - bed, 1 bath

550 15th St 102, San Diego, California 92101 home-pic-0
ACTIVE$599,900
550 15th St 102, San Diego, California 92101
0Bed
1Bath
1,333Sqft
9,977Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unique Live-Work Opportunity: Offers a rare blend of residential living and prime retail space with direct street access, ideal for entrepreneurs or investors seeking rental income.
Top Cons:
High Monthly Association Fee: The association fee of $682.0 per month is substantial and could be a significant ongoing cost for potential buyers.

Compared to the nearby listings

Price:$599.9K vs avg $692.5K ($-92,600)38%
Size:1,333 sqft vs avg 1,056 sqft73%
Price/sqft:$450 vs avg $6941%

More Insights

Built in 2006 (19 years old).
Condition: Built in 2006, this property is well-maintained and move-in ready. The listing highlights 'brand new hardwood flooring,' which is a significant recent update. The kitchen features stainless steel appliances, dark cabinetry, and granite countertops, presenting a functional and contemporary look. The bathroom mirrors the kitchen's dark cabinetry and granite, with a clean tub/shower combo, though the light fixture appears slightly dated. Overall, the property shows minimal wear and tear, and while some elements like the kitchen cabinets and bathroom light fixture might not be brand new, they are in good condition and do not require immediate renovation, aligning with a 'good' rating.
Year Built
2006
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$450
HOA
$682
Days on market
-
Sold On
-
MLS number
250042245SD
Home ConditionGood
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

RARE OPPORTUNITY RETAIL & RESIDENTIAL in the heart of Downtown, WALKING DISTANCE to EVERYTHING! Discover a unique and rarely available gem in the vibrant East Village neighborhood! Welcome to 550 15th St #102—a SPACIOUS 1 bed, 1 bath with walk-in closet and lots of storage PLUS PRIME RETAIL SPACE with DIRECT STREET ACCESS! A modern, versatile space designed to perfectly blend comfortable living with business (retail) potential. Key Features: • Residential Living Area (~878 sq ft) featuring an open floor plan, perfect for relaxed living or entertaining. Large windows and extra-high ceilings fill the space with natural light, highlighting its contemporary finishes and brand new hardwood flooring. • Expansive Private Patio, an outdoor oasis ideal for morning coffee, al fresco dining, or simply soaking in the San Diego sunshine. • Flexible Commercial Space (~455 sq ft) with both in-unit access and direct street access-ideal for entrepreneurs, creatives, or small business owners. Whether you’re looking to start your own storefront, studio, or office, this space offers endless possibilities with great visibility! • Prime Location: Nestled in the heart of East Village, just steps from San Diego’s best restaurants, shops, and entertainment, easy access to public transportation and major freeways. • Modern Amenities: Includes high-end finishes, in-unit laundry, and secured parking for both convenience and peace of mind. This unique property offers the rare opportunity to live and work in one space or to enjoy rental income from one area while utilizing the other. See Supplem. Don’t miss your chance to own this distinctive piece of downtown San Diego. This should appeal to buyers looking for a live-work space or investors interested in a unique opportunity!

Nearby schools

5/10
Sherman Elementary School
Public,•K-5•0.4mi
3/10
Burbank Elementary School
Public,•K-5•1.0mi
5/10
Washington Elementary School
Public,•K-5•1.3mi
6/10
Jefferson Elementary School
Public,•K-5•2.7mi
3/10
Perkins Elementary School
Public,•K-8•0.7mi
3/10
Memorial Scholars & Athletes School
Public,•6-8•1.4mi
4/10
Golden Hill K-8
Public,•K-8•1.7mi
5/10
Roosevelt International Middle School
Public,•6-8•2.0mi
Condition Rating
Good
Built in 2006, this property is well-maintained and move-in ready. The listing highlights 'brand new hardwood flooring,' which is a significant recent update. The kitchen features stainless steel appliances, dark cabinetry, and granite countertops, presenting a functional and contemporary look. The bathroom mirrors the kitchen's dark cabinetry and granite, with a clean tub/shower combo, though the light fixture appears slightly dated. Overall, the property shows minimal wear and tear, and while some elements like the kitchen cabinets and bathroom light fixture might not be brand new, they are in good condition and do not require immediate renovation, aligning with a 'good' rating.
Pros & Cons

Pros

Unique Live-Work Opportunity: Offers a rare blend of residential living and prime retail space with direct street access, ideal for entrepreneurs or investors seeking rental income.
Prime Downtown Location: Nestled in the vibrant East Village, the property boasts exceptional walkability to San Diego's best restaurants, shops, entertainment, and easy access to public transportation and freeways.
Modern Design & Amenities: Features contemporary finishes, brand new hardwood flooring, high-end amenities, in-unit laundry, and secured parking, appealing to modern urban dwellers.
Spacious Residential Area: The 1-bedroom, 1-bath residential unit is spacious with an open floor plan, large windows, extra-high ceilings, and ample storage, enhancing comfort and light.
Expansive Private Patio: Includes a significant private outdoor patio, providing an ideal space for relaxation, dining, and enjoying the San Diego climate.

Cons

High Monthly Association Fee: The association fee of $682.0 per month is substantial and could be a significant ongoing cost for potential buyers.
Niche Market Appeal: The live-work/retail configuration, while unique, targets a specific buyer demographic, potentially narrowing the pool of interested parties compared to traditional residential units.
Ground Floor Retail Exposure: Being a ground-floor unit with direct street access for the retail space may lead to increased street noise or reduced residential privacy for the living area.

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