Another unit for sale Downtown San Diego that’s going to fly off the shelves! Let’s see who will get this one!
A VERY desirable location and size. 2br 2 ba, 2 parking! condo on 5th ave in a building that has LOW HOA fees, plus a pool, gym and a jakuzzi! Say what?.. Yes, you heard me right. This is a gem for first time home buyers or investors, or even second home residents that don’t wantt o pay high HOA fees, but yet want to be in the middle of things Downtown.
This turnkey condo in Gaslamp City Square with views over Gaslamp District is 1016 sq ft. Beautiful wood flooring in living room, new carpeting in bedrooms, and marble tile in bathrooms. Updated kitchen features stainless steel appliances. 2 side-by-side parking spaces in underground garage.
One other listing that’s available in the building, 445 island unit 401 is a 1b 1 bath condo on the 445 island side. It’s 809 sq ft and is listed at $389,000.
The prices have SIGNIFICANTLY raised in Gaslamp City Square building over the last year. The average price for a 1br condo in the building was around $250,000. Now the 1 br that are listed, are usually in mid to high $300′s! That’s 30% increase!
I sold a 2br unit to one of my clients a year and a half ago on 7th floor, I believe it was unit 7061 on 450 J street, and we got it for $300,000!!! And now the listings I’m blogging about is listed for $455,000 on the same side of the building with the same exposure, even 2 stories lower.. Of course you need to factor in the upgrades and the fact that the parking in this unit is side by side, vs tandem, but still the difference is truly impressive.
I don’t want to say that you missed your boat Downtown, but honestly, numbers do speak for themselves..