727 Sapphire Street 405, San Diego, California 92109, San Diego, 92109 - 2 bed, 2 bath
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San Diego, California 92109
This Condominium Asset is a High-Potential Investment Opportunity, listed at $1,024,777—positioned well above the $900,240 Fair Market Value by -13%. While the property requires modernization due to its Condition Rating of 5, it offers a prime coastal location across from Tourmaline Surf Park with Panoramic Ocean Views and dual decks. The proximity to Bird Rock Elementary (10/10) adds long-term stability. This property is best suited for Buy-and-Hold Investors or Owner-Occupants capable of executing a full interior renovation to unlock its true market potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 727 Sapphire Street 405 Subject | $1,024,777* List Price | 2 | 2 | 972 | $926 | - |
A 5051 La Jolla Boulevard 302 Sold | $890,000 | 2 | 2 | 891 | $999 | 0.1 mi |
B 4767 Ocean Blvd 507 Sold | $1,020,000 | 1 | 1 | 802 | $1,272 | 0.5 mi |
C 727 Sapphire St 301 Sold | $815,000 | 2 | 2 | 997 | $817 | - |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975, the property is nearly 50 years old. While it features cosmetic updates like fresh paint and new carpet, the kitchen and bathrooms appear original or significantly outdated (>30 years), featuring old cabinetry, tile countertops, and aged appliances. Per the criteria, the age of the core components and the need for a full rehab to modernize the unit place it in the poor category.
Elementary School: Bird Rock Elementary School (10/10).
Situated directly across from Tourmaline Surf Park, this property offers immediate access to one of San Diego's most iconic beach and surfing destinations.
As a 4th-floor end unit, the home features expansive coastline and sunset views from two private decks, providing a premium coastal living experience.
Built in 1975, the property may require further modernization beyond cosmetic updates to kitchens and bathrooms to meet contemporary luxury standards.
The $720 monthly association fee is relatively high for a sub-1,000 square foot unit, which may impact overall affordability and investor cap rates.
VRM: Seller will entertain offers between $950,000 & $1,024,777. AMAZING OCEAN VIEWS WITH GORGEOUS SUNSETS!!! There is a large deck off the living room and a smaller deck off the primary bedroom to enjoy the fresh ocean breeze & views from this 4th floor end unit. Located across the street from the Tourmaline Surf Park beach access. This large 2 bedroom/2bathroom unit has fresh paint & new carpet. With your final touches, this is the affordable ocean view beach home you have been waiting for!!!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 972 | 999 |
| Lot Size | - | 84,697.5 |
| Price | $1.02M | $604.2K |
| Price per sq ft | $1.1K | $618 |
| Built year | 1975 | 1985 |
| HOA | $720.0 | $500 |
| Days on market | 2 | 53 |
Jul 20, 2026
$1,024,777
Initial Listing
Aug 28, 1998
$218,000
Public Record