550 15th Street 205, San Diego, California 92101, San Diego, 92101 - 2 bed, 2 bath
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550 15th Street 205
San Diego, California 92101
ACTIVE
CONDITION: GOOD
2Beds
2Baths
970Sq Ft
0Lot Size
Property Price
LIST PRICE$427,000
EST. MARKET VALUE
$468,506
8% BelowMARKET VALUE
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $427,000—positioned well below the $474,480 Fair Market Value by 10%. This valuation gap provides $47,480 in Instant Equity for the buyer. Featuring a Condition Rating of 3, this move-in ready corner unit offers a functional two-suite layout and modern kitchen finishes. Located in the heart of East Village, it provides exceptional urban walkability and commuter access. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a prime downtown lifestyle.
Estimated Market Value
$468,506+$41,506 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 550 15th Street 205 Subject 2 bd · 2 ba · 970 sqft · $483 | $427,000* List Price | 2 | 2 | 970 | $483 | - |
A 1465 C St 3509 Sold 2 bd · 2 ba · 1,013 sqft · $489 · 0.4 mi | $495,000 | 2 | 2 | 1,013 | $489 | 0.4 mi |
B 1465 C Street 3307 Sold 2 bd · 2 ba · 1,061 sqft · $485 · 0.4 mi | $515,000 | 2 | 2 | 1,061 | $485 | 0.4 mi |
C 530 K 615 Sold 2 bd · 2 ba · 937 sqft · $523 · 0.6 mi | $490,000 | 2 | 2 | 937 | $523 | 0.6 mi |
D 206 Park Boulevard 501 Sold 1 bd · 1 ba · 881 sqft · $467 · 0.3 mi | $411,000 | 1 | 1 | 881 | $467 | 0.3 mi |
E 1080 Park Blvd 807 Sold 2 bd · 2 ba · 1,037 sqft · $482 · 0.4 mi | $500,000 | 2 | 2 | 1,037 | $482 | 0.4 mi |
F 206 Park 313 Sold 1 bd · 1 ba · 694 sqft · $555 · 0.3 mi | $385,000 | 1 | 1 | 694 | $555 | 0.3 mi |
G 253 10th Ave 733 Sold 1 bd · 1 ba · 808 sqft · $532 · 0.3 mi | $429,999 | 1 | 1 | 808 | $532 | 0.3 mi |
H 1480 Broadway 2308 Sold 1 bd · 1 ba · 710 sqft · $542 · 0.3 mi | $385,000 | 1 | 1 | 710 | $542 | 0.3 mi |
I 1465 C 3407 Pending 2 bd · 2 ba · 1,061 sqft · $470 · 0.4 mi | $499,000 List Price | 2 | 2 | 1,061 | $470 | 0.4 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, this 20-year-old property is well-maintained, functional, and move-in ready. The kitchen features modern white cabinetry, a subway tile backsplash, and updated stainless steel appliances. The unit also includes modern flooring and a contemporary stacked washer/dryer.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Walkability
Situated in the heart of East Village, the property offers exceptional access to Petco Park, the Central Library, and diverse dining options, making it ideal for an active city lifestyle.
- Desirable Corner Layout
As a corner unit, this home benefits from abundant natural light and a functional floor plan featuring two primary suites, providing privacy and versatility for residents or roommates.
- Excellent Commuter Access
The property is strategically located with immediate access to I-5, SR-94, and SR-163, alongside proximity to public transportation, ensuring a convenient commute across San Diego.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $616 is relatively high for a 970-square-foot unit, which significantly increases the total monthly carrying cost for potential buyers.
- Underperforming Local Schools
The assigned public schools, such as Perkins Elementary and Memorial Scholars, have low ratings (3/10), which may limit the property's appeal to families prioritizing education.
About 550 15th Street 205
Welcome to this corner unit in the Element building, offering abundant natural light and a desirable East Village location. The functional floor plan features two primary suites, generous storage, and convenient in-unit laundry. The Element is a mid-rise condominium community featuring a contemporary lobby, courtyard, and common areas. Located in the heart of Downtown San Diego, residents enjoy convenient access to grocery stores, restaurants, cafés, the San Diego Central Library, Petco Park, and all that the East Village has to offer. Commuters will appreciate easy access to I-5, SR-94, and SR-163, as well as nearby public transportation. With its corner location, flexible two-suite layout, and highly walkable urban setting, this property offers a great opportunity for a buyer looking to personalize a home in one of Downtown San Diego’s most convenient neighborhoods.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2006
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $616.0 / Month
Neighborhood Insights
San Diego Unified Schools
Sherman Elementary School
Grades K-5 • 0.4 mi
5/10
Burbank Elementary School
Grades K-5 • 1.0 mi
3/10
Washington Elementary School
Grades K-5 • 1.3 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 970 | 1,018.142 |
| Lot Size | - | 75,257.211 |
| Price | $427.0K | $598.4K |
| Price per sq ft | $440 | $607 |
| Built year | 2006 | 1986 |
| HOA | $616.0 | $536 |
| Days on market | 33 | 58 |
Pricing History
Listed for Sale
Sep 22, 2026
$427,000
Initial Listing
Sold
May 9, 2019
$425,000
Public Record
Sold
Aug 31, 2007
$369,000
Public Record
Sold
Aug 31, 2007
$369,000
Public Record