5700 Bates St 6, San Diego, California 92115, San Diego, 92115 - 2 bed, 2 bath
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San Diego, California 92115
This Well-Maintained Gated Condominium is a Prime Investment Opportunity, listed at $435,000—positioned well below the $457,416 Fair Market Value by 4%. This valuation gap provides $22,416 in Instant Equity. Boasting a Good Condition Rating, the residence features a Granite Kitchen, brand-new dishwasher, and a private balcony with Hillside Greenery Views. Its FHA-Approved status and 10-minute proximity to San Diego State University drive significant rental demand and long-term appreciation. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey, value-driven asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5700 Bates St 6 Subject | $435,000* List Price | 2 | 2 | 874 | $523 | - |
A 3955 Faircross Place 74 Sold | $483,000 | 2 | 2 | 1,069 | $452 | 0.4 mi |
B 5990 Dandridge Ln 198 Sold | $450,000 | 2 | 2 | 1,069 | $421 | 0.5 mi |
C 4504 60th Street 13 Sold | $473,000 | 2 | 2 | 827 | $572 | 1.0 mi |
D 4521 55th Street #4 Sold | $449,000 | 2 | 2 | 735 | $611 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1982, the property is well-maintained and move-in ready. The kitchen features granite countertops and a brand-new dishwasher, while the systems are updated with a newer water heater (2 years old) and updated toilets. These improvements and the overall functional condition align with the 'Good' criteria despite the chronological age.
As an FHA-approved condo priced competitively under $450,000, this property represents a rare and accessible entry point for first-time buyers in the San Diego market.
The property is ideally situated just 10 minutes from San Diego State University and within walking distance to shopping and dining, ensuring high rental demand and lifestyle convenience.
The unit features desirable modern essentials including granite countertops, in-unit laundry, a brand-new dishwasher, and a newer water heater, providing immediate value and peace of mind.
With only 874 square feet for a two-bedroom, two-bathroom configuration, the layout may feel restrictive for buyers seeking more spacious common areas.
Constructed in 1982, the property may lack the energy efficiency and contemporary architectural features found in newer developments, potentially leading to higher long-term maintenance needs.
FHA approved! With limited options available in this price range, this well-maintained condo offers a chance to own in a secure gated community without compromising on space or functionality. This bright and practical layout features two full bathrooms and a spacious primary suite with its own private bath and walk-in closet, a rare find at this price point. The kitchen is equipped with granite countertops, a newer over-the-range microwave, and a brand-new dishwasher, adding both style and convenience. Additional improvements include a newer water heater (approx. 2 years old) and updated toilets for added peace of mind. Enjoy your own private balcony surrounded by greenery, along with the comfort of in-unit laundry (washer and dryer included) and extra storage. The home includes one assigned parking space plus ample guest parking within the community. Ideally located just 10 minutes from San Diego State University (SDSU) and within walking distance to shopping, grocery stores, and dining, making everyday living incredibly convenient. Whether you're a first-time buyer, looking to downsize, or exploring rental potential, this home offers a strong combination of value, location, and long-term 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 | 2.0 | 2.0 | 50% |
| Square foot | 874 | 875 | 49% |
| Lot Size | - | - | 50% |
| Price | $435.0K | $450.0K | 38% |
| Price per sq ft | $498 | $525 | 34% |
| Built year | 1982 | 1981 | 53% |
| HOA | $320.0 | $451 | 17% |
| Days on market | 37 | 152 | 4% |
Apr 30, 2026
$435,000
Initial Listing
Jul 29, 2004
$266,500
Public Record
May 25, 2001
$99,000
Public Record