620 State Street 116, San Diego, California 92101, San Diego, 92101 - 1 bed, 1 bath
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620 State Street 116
San Diego, California 92101
ACTIVE
CONDITION: FAIR
1Beds
1Baths
735Sq Ft
0Lot Size
Property Price
LIST PRICE$529,000
EST. MARKET VALUE
$496,478
6% AboveMARKET VALUE
SUMMARY
This downtown condo represents a Strong Value Opportunity, listed at $549,000—positioned above the $503,312 Fair Market Value by 9%. While the property carries a Fair Condition Rating due to its 1989 construction, it offers a prime Marina District location with secure underground parking and community spa access. The unit features updated luxury vinyl plank flooring, providing a solid foundation for further cosmetic modernization. This is an ideal acquisition for Buy-and-Hold Investors or urban professionals seeking a low-maintenance lifestyle in a high-demand neighborhood.
Estimated Market Value
$496,478
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 |
|---|---|---|---|---|---|---|
★ 620 State Street 116 Subject | $529,000* List Price | 1 | 1 | 735 | $675 | - |
A 620 State St 317 Sold | $535,000 | 1 | 1 | 735 | $728 | 0.0 mi |
B 620 State St 115 Sold | $539,000 | 1 | 1 | 735 | $733 | 0.0 mi |
C 101 S Market Street 217 Sold | $480,000 | 1 | 1 | 681 | $705 | 0.2 mi |
D 850 State 427 Sold | $533,500 | 1 | 1 | 824 | $647 | 0.1 mi |
E 445 Island Avenue 309 Sold | $449,000 | 1 | 1 | 807 | $556 | 0.4 mi |
F 221 Island 503 Sold | $569,000 | 1 | 2 | 778 | $731 | 0.3 mi |
G 101 Market St. 408 Sold | $479,900 | 1 | 1 | 691 | $695 | 0.2 mi |
H 701 Kettner Boulevard 218 Sold | $620,000 | 1 | 2 | 1,017 | $610 | 0.2 mi |
I 500 W Harbor Drive Active | $595,000 List Price | 1 | 1 | 726 | $820 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1989, this 37-year-old property falls into the 'Fair' category as it exceeds the 20-year age threshold without evidence of a comprehensive recent renovation. While the unit features updated luxury vinyl plank flooring and appears well-maintained and move-in ready, the kitchen and bathroom likely retain older cabinetry or fixtures, and building systems are nearing the end of their typical lifecycle.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Marina District Location
Situated in one of San Diego's most prestigious downtown neighborhoods, this property offers exceptional walkability to Seaport Village, the Gaslamp Quarter, and Little Italy.
- Ground-Floor Accessibility
The ground-floor positioning provides effortless entry and exit, making it a highly convenient option for residents seeking a low-maintenance lifestyle without the need for elevators.
- Secure Assigned Parking
The inclusion of a dedicated parking space in a secure underground garage is a significant asset in a high-density urban environment where parking is at a premium.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
At $796 per month, the association fees are relatively high for a one-bedroom unit, which may impact the overall monthly affordability for budget-conscious buyers.
- Building Age and Potential Updates
Constructed in 1989, the unit may require cosmetic or mechanical modernizations to compete with the newer luxury developments prevalent in the downtown San Diego market.
About 620 State Street 116
Experience the best of downtown living in this spacious ground floor 1-bedroom, 1-bath condo in the desirable Columbia Place community, ideally located in the heart of Marina District. Designed for comfort and convenience, this inviting residence offers an open and functional layout with easy ground-floor access, making it the perfect full-time home, second home, or investment opportunity. The unit also includes new AC and one assigned parking space in the secure underground community garage. Residents of Columbia Place enjoy a variety of amenities, including a relaxing spa, fitness room and community BBQ areas. Just outside your door, you'll find the vibrant Marina District lifestyle with nearby waterfront parks, Seaport Village, restaurants, shopping, entertainment and convenient access to public transit, Little Italy, and the Gaslamp Quarter. Whether you're seeking an urban retreat or a low-maintenance lifestyle in one of San Diego's most desirable downtown neighborhoods, this exceptional condo is ready to welcome you home.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $796.0 / Month
Neighborhood Insights
San Diego Unified Schools
Washington Elementary School
Grades K-5 • 0.8 mi
5/10
Sherman Elementary School
Grades K-5 • 1.4 mi
5/10
Perkins Elementary School
Grades K-8 • 1.3 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 735 | 1,002.307 |
| Lot Size | - | 75,574.68 |
| Price | $529.0K | $596.0K |
| Price per sq ft | $720 | $612 |
| Built year | 1989 | 1985 |
| HOA | $796.0 | $529 |
| Days on market | 33 | 55 |
Pricing History
Listed for Sale
Aug 12, 2026
$529,000
$549,000
-4% Price Drop
Initial Listing
Price Change
Aug 7, 2026
$549,000
Initial Listing
Sold
Dec 12, 2000
$212,000
Public Record
Sold
Feb 18, 2000
$170,000
Public Record