5511 Adelaide Ave 21, San Diego, California 92115, San Diego, 92115 - 2 bed, 1 bath
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San Diego, California 92115
This Updated College Area Condo is a Prime Investment Opportunity listed at $399,999—positioned well below the $408,807 Fair Market Value by 2%. This valuation gap provides $8,808 in Instant Equity. Boasting a Condition Rating of 3, the interior features Granite Countertops, Laminate Flooring, and the convenience of an In-Unit Washer and Dryer. Residents enjoy a Gated Community with a Swimming Pool just minutes from San Diego State University. This VA-Approved asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey home in a high-demand rental corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5511 Adelaide Ave 21 Subject | $399,999* List Price | 2 | 1 | 875 | $467 | - |
A 5511 Adelaide Ave 29 Sold | $438,000 | 2 | 1 | 875 | $501 | 0.0 mi |
B 4540 60th Street 303 Sold | $460,000 | 2 | 2 | 845 | $544 | 0.4 mi |
C 4545 Collwood Blvd 38 Sold | $437,750 | 2 | 2 | 1,120 | $391 | 0.4 mi |
D 3955 Faircross Place 74 Sold | $483,000 | 2 | 2 | 1,069 | $452 | 0.8 mi |
E 5511 Adelaide Avenue 27 Active | $414,900 List Price | 2 | 1 | 875 | $474 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant interior updates that elevate it above its 1959 construction year. The kitchen has been modernized with granite countertops and stainless steel appliances, while the bathroom includes an updated vanity and contemporary tiling. The installation of laminate flooring throughout and the inclusion of an in-unit stackable washer and dryer indicate the property has been well-maintained and renovated within the last 5 to 15 years, meeting the criteria for a 'good' condition score.
Situated just minutes from San Diego State University with easy freeway access and proximity to shopping, this property is ideally positioned for students, faculty, or rental investors.
The complex is VA approved and eligible for FHA spot approval, offering significant advantages for veterans and first-time homebuyers seeking low down payment options.
The unit boasts contemporary upgrades including granite countertops, laminate flooring, and the highly sought-after convenience of an indoor washer and dryer.
Originally built in 1959, the property may require more ongoing maintenance or face limitations in energy efficiency compared to modern residential builds.
The $487 monthly association fee is relatively high for this price point, which may impact the debt-to-income ratio and overall monthly affordability for some buyers.
VA approved complex 2 spacious bedrooms, Try FHA spot approval 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 35% |
| Square foot | 875 | 875 | 50% |
| Lot Size | - | - | 50% |
| Price | $400.0K | $447.2K | 32% |
| Price per sq ft | $457 | $523 | 32% |
| Built year | 1959 | 1984 | 5% |
| HOA | $487.0 | $445 | 62% |
| Days on market | 25 | 189 | 5% |
Mar 28, 2026
$399,999
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