5511 Adelaide Ave 21, San Diego, California 92115, San Diego, 92115 - 2 bed, 1 bath
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San Diego, California 92115
This Condominium is a Strong Value Opportunity, listed at $389,999—positioned well below the $423,493 Fair Market Value by 7%. This valuation gap offers $33,494 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes a Granite Kitchen, modern laminate flooring, and an in-unit washer/dryer. Located in a VA-approved gated community with a pool, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking proximity to San Diego State University.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5511 Adelaide Ave 21 Subject | $389,999* List Price | 2 | 1 | 875 | $484 | - |
A 5511 Adelaide Ave 29 Sold | $438,000 | 2 | 1 | 875 | $501 | 0.0 mi |
B 5510 Adelaide Ave. 1 Sold | $361,600 | 1 | 1 | 650 | $556 | 0.0 mi |
C 4501 Collwood Blvd 4 Sold | $492,000 | 2 | 2 | 1,005 | $490 | 0.3 mi |
D 5700 Bates St 6 Sold | $435,000 | 2 | 2 | 874 | $498 | 0.8 mi |
E 5511 Adelaide Avenue Sold | $390,000 | 2 | 1 | 875 | $446 | - |
F 4504 60th Street 13 Sold | $473,000 | 2 | 2 | 827 | $572 | 0.4 mi |
G 4560 60th Street 20 Sold | $370,000 | 1 | 1 | 741 | $499 | 0.4 mi |
H 5505 Adelaide Ave 14 Active | $375,000 List Price | 2 | 2 | 1,012 | $371 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1959, the property has undergone significant renovations including granite countertops, stainless steel appliances, and modern laminate flooring. The interior appears well-maintained and move-in ready, consistent with a 5-15 year renovation cycle.
Situated just minutes from San Diego State University, this property is ideally positioned for students, faculty, or investors seeking high rental demand in a vibrant community.
The unit features contemporary laminate flooring, granite countertops, and the highly desirable convenience of an in-unit washer and dryer, providing a move-in-ready experience.
As a VA-approved complex within a gated community, it offers accessible financing options for veterans and enhanced security along with amenities like a refreshing swimming pool.
Originally built in 1959, the building may require more frequent maintenance or updates to common systems compared to newer residential developments.
The $487 monthly association fee is relatively high for the price point, which could impact the overall affordability and debt-to-income ratio for potential buyers.
VA approved complex 2 spacious bedrooms, Beautiful laminate flooring, water paid by HOA, Granite countertops in the kitchen - Convenient indoor washer and dryer - Located in a gated community - Access to a refreshing swimming pool - Just minutes away from San Diego State University - Close to shopping, grocery stores, and schools - Easy access to the freeway for quick commutes This condo is perfect for students, professionals, or anyone looking for a comfortable home in a vibrant community. Don’t miss out on this opportunity—
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 875 | 999 |
| Lot Size | - | 84,697.5 |
| Price | $390.0K | $604.2K |
| Price per sq ft | $446 | $618 |
| Built year | 1959 | 1985 |
| HOA | $487.0 | $500 |
| Days on market | 11 | 53 |
Jul 13, 2026
$389,999
Initial Listing
Oct 4, 2023
$410,000
Public Record
Feb 22, 2019
$303,000
Public Record
Nov 23, 2009
$100,000
Public Record
Jul 5, 2006
$239,500
Public Record