5757 Gaines Street B, San Diego, California 92110, San Diego, 92110 - 1 bed, 2 bath
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5757 Gaines Street B
San Diego, California 92110
ACTIVE
CONDITION: FAIR
1Beds
2Baths
700Sq Ft
5,049Lot Size
Property Price
LIST PRICE$450,000
EST. MARKET VALUE
$422,663
6% AboveMARKET VALUE
SUMMARY
This loft-style condo presents a Strong Value Opportunity, listed at $450,000—positioned above the $422,663 Fair Market Value. While priced slightly above market, the property offers a unique open loft design and a private garage in a highly central location. With a Fair Condition Rating, the unit provides a stable, low-maintenance lifestyle near USD and the trolley. This is an ideal acquisition for Buy-and-Hold Investors seeking a rental-ready asset or first-time buyers prioritizing urban connectivity and convenience.
Estimated Market Value
$422,663
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 |
|---|---|---|---|---|---|---|
★ 5757 Gaines Street B Subject | $450,000* List Price | 1 | 2 | 700 | $604 | - |
A 5655 Riley St 205 Sold | $412,050 | 1 | 1 | 663 | $621 | 0.1 mi |
B 5750 Friars Rd 109 Sold | $430,000 | 1 | 1 | 768 | $560 | 0.1 mi |
C 5605 Friars Rd. 295 Sold | $410,000 | 1 | 1 | 695 | $590 | 0.2 mi |
D 6416 Friars Road 306 Sold | $323,000 | 1 | 1 | 661 | $489 | 0.5 mi |
E 5875 Friars 4410 Sold | $499,000 | 1 | 1 | 816 | $612 | 0.2 mi |
F 1124 Eureka St. 16 Active | $369,000 List Price | 1 | 1 | 578 | $638 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1980 (44 years old) and, while well-maintained with fresh paint, it lacks evidence of a comprehensive renovation within the last 15 years. The kitchen and bathrooms appear functional but dated, featuring older cabinetry and fixtures, which aligns with the criteria for a property over 20 years old needing modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Central Location
Situated in the Morena area, the property offers exceptional accessibility to USD, the Trolley station, and major shopping hubs, making it ideal for students and commuters.
- Private Garage and Parking
Unlike many condos in this price range, this unit includes an individual garage plus additional resident and guest parking, providing significant value and convenience in a dense urban area.
- Intimate Low-Density Community
Located in a small 5-unit complex, the property offers a more private and quiet atmosphere compared to large-scale condominium developments.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Privacy
The open loft-style bedroom design lacks the privacy of a traditional enclosed room, which may not suit all lifestyle preferences or co-living arrangements.
- Lack of In-Unit Laundry
The property relies on shared on-site laundry facilities rather than having in-unit hookups, which can be a drawback for buyers seeking modern convenience.
About 5757 Gaines Street B
Smartly Designed Loft Living in the Heart of San Diego! Welcome to The Sherwood, a small and intimate community in the highly central Morena area, where convenience meets easy, low-maintenance living. This charming two-story condo offers approximately 700 square feet of thoughtfully arranged living space, with a unique open loft design that makes the most of every inch. The main living area is located downstairs with fresh paint, an open and functional layout, and a cozy fireplace that adds warmth and character. A convenient half bath completes the lower level. Upstairs, the spacious loft-style bedroom is open to the living area below, creating an airy, connected feel rather than a traditional enclosed bedroom. A generous closet provides ample storage, while a full bathroom completes the upper level. The flexible loft layout offers separation between living and sleeping spaces while maintaining an open, contemporary feel. The Sherwood is a small five-unit community offering a more intimate atmosphere than a typical condo complex. Each owner has an individual garage, plus a private parking area for residents and two additional guest spaces. Residents also enjoy shared on-site laundry, and the HOA fee includes water for added convenience. And then there’s the location — this is where 5757 Gaines really shines. Positioned in central San Diego, you’re just minutes from Old Town, Mission Bay, Fashion Valley, USD, major shopping, restaurants and multiple freeway connections. USD is close enough to walk to, while the Morena/Linda Vista Trolley Station is approximately 0.6 mile away, making car-free trips around San Diego easy. Old Town Transit Center is about 1.5 miles away, Mission Bay and the beaches are about 4 miles away, putting beaches, bayside recreation and waterfront dining within easy reach. Whether you're looking for a first home, an easy San Diego pied-à-terre, or a low-maintenance property in an exceptionally connected location, this inviting loft-style condo delivers a unique combination of character, functionality and location.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 5,049 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $300.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 700 | 1,002.307 |
| Lot Size | 5,049 | 75,574.68 |
| Price | $450.0K | $596.0K |
| Price per sq ft | $643 | $612 |
| Built year | 1980 | 1985 |
| HOA | $300.0 | $529 |
| Days on market | 12 | 55 |
Pricing History
Listed for Sale
Aug 28, 2026
$450,000
Initial Listing
Sold
Sep 16, 1998
$91,000
Public Record