6851 Alvarado Rd 13, San Diego, California 92120, San Diego, 92120 - 2 bed, 2 bath
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This Condominium represents a High-Potential Investment Opportunity, listed at $489,000—positioned above the $471,138 Fair Market Value. While the price reflects a premium, the unit features a Modern Open Layout and a Condition Rating of 3, indicating a move-in ready state. With a Private Patio and central HVAC, it offers significant lifestyle appeal. Due to specific HOA financing constraints, this property is best suited for Portfolio Investors or Owner-Occupants with conventional financing capabilities who value a well-maintained, accessible ground-floor residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6851 Alvarado Rd 13 Subject | $489,000* List Price | 2 | 2 | 1,139 | $414 | - |
A 6765 Alvarado Road Sold | $419,000 | 2 | 2 | 1,139 | $368 | 0.1 mi |
B 6775 Alvarado Rd 21 Sold | $449,000 | 2 | 2 | 1,139 | $394 | 0.1 mi |
C 6911 Alvarado Rd 20 Sold | $490,000 | 3 | 2 | 969 | $506 | 0.1 mi |
D 6955 Alvarado Rd 30 Sold | $435,000 | 2 | 2 | 876 | $497 | 0.1 mi |
E 6775 Alvarado Road Sold | $445,000 | 2 | 2 | 1,139 | $391 | 0.1 mi |
F 6821 Alvarado Road 2 Pending | $419,900 List Price | 2 | 2 | 1,120 | $375 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1970, the description of an 'open concept living area' and 'light and bright' interior suggests modernization has occurred. The presence of functional central HVAC and its recent sales history indicate the unit is well-maintained and move-in ready, likely renovated within the last 10-15 years.
The unit features a light and bright open-concept living area complemented by essential central heating and air conditioning for year-round comfort.
The large master bedroom includes a walk-in closet and ceiling fan, providing significant storage and a comfortable private retreat.
As a first-floor unit with a private patio, the property offers easy access and a dedicated outdoor space suitable for pets or children.
The HOA is currently not on Fannie Mae or Freddie Mac approved lists, restricting financing options to VA, portfolio loans, or high down-payment conventional loans.
The $525 monthly association fee is relatively high for a 1970s-built complex, which may impact the overall affordability for some buyers.
This HOA is currently NOT on Fannie Mae or Freddie Mac approved lists; buyers should plan on VA, portfolio, 20%+ down conventional, or cash. Welcome to this light and bright, open concept living area in a convenient first-floor unit. The large master bedroom features a ceiling fan and a walk-in closet, providing ample space and comfort. The private patio is perfect for a play area for kids or pets, and you'll find great storage throughout the unit. Enjoy the comfort of central heating and air conditioning year-round.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 2.1 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 | 2.0 | 2.0 | 50% |
| Square foot | 1,139 | 1,073 | 52% |
| Lot Size | - | - | 50% |
| Price | $489.0K | $474.9K | 52% |
| Price per sq ft | $429 | $510 | 21% |
| Built year | 1970 | 1976 | 31% |
| HOA | $525.0 | $506 | 59% |
| Days on market | 4 | 124 | 10% |
Jun 2, 2026
$489,000
Initial Listing
Sep 6, 2024
$470,000
Public Record
Jan 20, 2017
$242,500
Public Record
Aug 20, 2010
$138,000
Public Record
Apr 15, 2003
$150,000
Public Record