
San Diego, California 92108
This Mission Valley Condominium is a Strong Value Opportunity, listed at $749,000—positioned well below the $796,985 Fair Market Value by 6%. This valuation gap provides $47,985 in Instant Equity. Boasting a Good Condition Rating, the residence features a rare custom-built home office, granite kitchen, and a private patio. A unique financial advantage includes a 5.5% VA assumable loan for qualified buyers. Located near top-rated schools and the San Diego River Trail, this home is perfect for Owner-Occupants or remote professionals seeking a lifestyle-rich asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 640 Camino De La Reina 1109 Subject | $749,000* List Price | 2 | 3 | 1,479 | $539 | - |
A 640 Camino De La Reina 1401 Sold | $567,500 | 2 | 2 | 1,179 | $481 | 0.0 mi |
B 8233 Station Village Ln 2117 Sold | $780,000 | 2 | 2 | 1,503 | $519 | 0.8 mi |
C 8233 Station Village Ln 2409 Sold | $740,000 | 2 | 2 | 1,274 | $581 | 0.8 mi |
D 8355 Station Village Ln 4417 Sold | $769,000 | 2 | 2 | 1,187 | $648 | 0.9 mi |
E 640 Camino De La Reina Active | $750,000 List Price | 3 | 2 | 1,330 | $564 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and shows pride of ownership with several key updates. Although built in 1995, the kitchen has been modernized with granite countertops and stainless steel appliances. The living areas feature updated wood-look flooring and contemporary light fixtures/ceiling fans. The inclusion of a custom-built home office and the overall well-maintained condition of the interior and resort-style exterior amenities align with the 'good' classification, as major systems appear functional and the home requires no immediate renovation.
The property features a rare VA assumable loan at a 5.5% interest rate, providing a significant financial advantage and monthly savings for qualified buyers in the current market.
The inclusion of a dedicated, custom-built home office with glass French doors sets this unit apart from standard two-bedroom condos, offering essential utility for remote professionals.
Situated in a gated community with resort-style amenities, the home offers direct access to the San Diego River Trail and is within walking distance to premier shopping, dining, and the Trolley.
The $750 monthly association fee is relatively high, which increases the total cost of ownership and may impact the purchasing power of some buyers.
While the high school is highly rated, the assigned middle school has a moderate rating of 5, which may be a consideration for families prioritizing top-tier educational districts.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 83% |
| Square foot | 1,479 | 1,009 | 77% |
| Lot Size | 81,706 | - | 71% |
| Price | $749.0K | $575.0K | 73% |
| Price per sq ft | $506 | $588 | 14% |
| Built year | 1995 | 1979 | 70% |
| HOA | $750.0 | $480 | 94% |
| Days on market | 13 | 159 | 4% |
Apr 9, 2026
$749,000
Initial Listing
Aug 31, 2022
$699,000
Public Record
Jun 16, 2017
$459,000
Public Record
Mar 7, 2008
$442,500
Public Record
Sep 14, 2004
$489,000
Public Record
May 9, 2002
$340,000
Public Record
Sep 1, 1994
$153,000
Public Record