
San Diego, California 92108
This Turnkey Condominium represents a Strong Value Opportunity, listed at $739,000—positioned well below the $771,820 Fair Market Value by 4%. This valuation gap offers $32,820 in Instant Equity. Featuring a Good Condition Rating, the unit includes an updated Granite Kitchen and a custom-built home office. Residents enjoy resort-style amenities like a Pool and Spa, plus direct access to the San Diego River Trail. This property is an ideal acquisition for VA-eligible buyers or Owner-Occupants seeking a central, lifestyle-focused residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 640 Camino De La Reina 1109 Subject | $724,000* List Price | 2 | 3 | 1,479 | $500 | - |
A 550 Camino De La Reina 107 Sold | $633,150 | 2 | 2 | 1,229 | $515 | 0.1 mi |
B 7887 Stylus Sold | $856,100 | 2 | 3 | 1,452 | $590 | 0.9 mi |
C 8233 Station Village 2304 Sold | $680,000 | 2 | 2 | 1,176 | $578 | 0.8 mi |
D 8275 Station Village Ln 3309 Sold | $699,000 | 2 | 2 | 1,176 | $594 | 0.8 mi |
E 6757 Friars Rd 21 Sold | $660,000 | 3 | 2 | 1,279 | $516 | 0.8 mi |
F 6747 Friars Road 113 Sold | $574,220 | 3 | 2 | 1,279 | $449 | 0.8 mi |
G 580 Camino De La Reina 321 Active | $625,000 List Price | 2 | 2 | 1,274 | $491 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1995, it features an updated kitchen with granite countertops and stainless steel appliances, along with a modern custom-built home office. The interior is well-maintained and move-in ready, fitting the 5-15 year renovation window for a 'Good' rating.
The availability of a VA assumable loan at a 5.125% interest rate provides a massive competitive advantage for military buyers, offering significant long-term interest savings in a high-rate environment.
The inclusion of a dedicated, custom-built private office with glass French doors is a rare find in a condominium, providing a functional and professional space that adds significant utility and value.
Situated in the heart of Mission Valley with direct access to the San Diego River Trail and proximity to major shopping and the Trolley, the property offers a perfect balance of urban convenience and outdoor lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1479, other record living area = 1017.
The HOA fee of $750 per month is substantial and may deter buyers who are sensitive to fixed monthly expenses or those with tighter debt-to-income ratios.
While the assumable loan is a major strength, it is restricted to VA-eligible buyers, which may limit the pool of prospects who can fully capitalize on the property's most unique financial benefit.
*Lender paid 1 year, 1% interest rate buydown for qualified buyers or 5.125% assumable interest rate for qualified, VA-eligible buyers.* Welcome to Rio del Oro, one of Mission Valley’s most central and sought-after gated communities. Tucked away in a quiet interior courtyard, Unit #1109 offers a rare 2-bedroom plus office layout that perfectly balances a peaceful retreat with immediate access to two premier malls, fine dining, and the Trolley. The main floor is designed for easy living, featuring an updated kitchen with granite counters, stainless steel appliances, and ample cabinet storage that opens to a dedicated dining area. A functional corner fireplace anchors the space between the kitchen and the living room. One of the home's standout features is the private home office, enclosed by a glass French door and fully built out with a custom desk, bookshelves, and storage drawers. From the living area, slide open the doors to an oversized private patio, where the sounds of courtyard fountains and the shade of palms create a resort-like atmosphere. Upstairs, you’ll find two spacious bedrooms, each with its own private bathroom. Both rooms offer direct access to a shared upper balcony, perfect for catching the evening breeze. Life at Rio del Oro feels like a resort, with a pool, hot tub, and gym just steps from your door. Right behind the pool area, you’ll find direct access to the San Diego River Trail, a scenic path that allows joggers and cyclists to travel all the way to Ocean Beach. HOA covers water, sewer, and trash, while the unit includes two assigned corner spots in the parking garage for extra space and easy access. It is a rare find that perfectly combines work-from-home utility with immediate access to San Diego’s best nature trails and urban amenities.
No exterior & parking available.
Grades K-5 • 2.2 mi
Grades 6-8 • 2.9 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,479 | 999 |
| Lot Size | 81,706 | 84,697.5 |
| Price | $724.0K | $604.2K |
| Price per sq ft | $490 | $618 |
| Built year | 1995 | 1985 |
| HOA | $750.0 | $500 |
| Days on market | 20 | 53 |
Jul 16, 2026
$724,000
$739,000
-2% Price Drop
Initial Listing
Jul 2, 2026
$739,000
Initial Listing
Mar 25, 2022
$650,000
Public Record
May 7, 2019
$400,000
Public Record
Aug 16, 1994
$120,000
Public Record