560 First Ave,
San Diego, CA 92101
Here’s a quick post to give you a heads up on some upcoming listings I have.
1) Icon – I have a 1br condo coming up in the mid $300K range. It has wood floors and is on the 11th Ave side. Unlike most of the 1brs at Icon, this condo does not look at the blue highrise building and has plenty of space between it and the neighboring building. It’s also larger than most of the 1brs at Icon.
2) The Mark – I have a great 1br that will be priced right around $500K. It’s in immaculate condition and may be sold furnished. It’s about 900 sqft and faces north with great city views. It also has wood floors and custom paint.
3) The Mark – I’m really excited about this listing. It’s on a high floor and has an amazing bay/city view. It’s a corner unit and looks great. If you’ve been waiting for a view unit in a luxury highrise, you’ll definitely want to see this. This condo will be in the low $900K range.
If you’re interested in any of these upcoming listings before they go on the MLS, please contact Denny Oh at 858-243-2092 or [email protected].
I just listed a really cool 2br/2ba condo at The Legend – one of East Village’s premiere highrises. The Legend is a 23 story luxury highrise that literally sits on Petco Park’s property. The building offers amenities such as 24 hour security, concierge service, pool/spa, steam and sauna rooms, gym, lounge and of course the incredible 3200 sqft seventh floor deck.
I’m constantly looking at ways to grow my business and serve my clients better. I’ve been a full time realtor for the last 10 years and plan on doing this for another 20-30 years, so I understand how important marketing is – and not just marketing to get more clients….I mean doing things that will actually help sell your property!
Well, I’m excited to show you my newest marketing tool….
April 1st, 2014 Categories: San Diego Sales Statistics
San Diego isn’t the cheapest place to live, but it might be one of the nicest places…in the world! The weather rarely fluctuates more than a few degrees and I’ve spent many “winter” days out at the pool, BBQing, drinking beers and getting tan. I recently came across a Wall Street Journal article that displayed what $1M would buy you in some of the “top global cities,” which makes San Diego look even better.
I just reduced the price on my Horizons 704 listing. It was listed for $899-995K, but is now listed for just $930K. I have one offer that’s being negotiated, so please hurry if you’re interested. This condo has been completely remodeled and is my favorite floor plan at Horizons. If you’re looking for a clean, modern, move-in ready condo, here’s your chance!
I recently listed a 2 bedroom, 2 bath condo on the north west corner of the Horizons condo building in downtown San Diego. Horizons is located in the prestigious Marina District and was Bosa Development’s first project in San Diego. Horizons has two twin towers located at 555 Front Street (north tower) and 510 First Ave (south tower). Each building is 25 stories high and there are a total of 211 condos and town homes. The towers share a pool, spa, community room and gym on the second floor. Horizons also has 16 guest parking spaces!
March 13th, 2014 Categories: Real Estate News
Sempra Energy has decided to relocate their downtown office to 8th and Island. Sempra Energy is ”an American natural gas utilities holding company“ that will build a state-of-the-art 16 story highrise with 320,000 square feet of office space. Construction is well on its way and is adjacent to the fire station that’s bound by 7th-8th and Island-J St. The land is owned by Cisterra Development, who was originally going to build Cosmopolitan Square, but plans changed (I’m assuming) when the market and they decided to lease out the land. Sempra signed a 25 year lease and it’s been reported that it will cost around $120 million to build the new office.
I think having a Fortune 500 company (ranked #281 in 2013) in the East Village is a huge benefit to residents. I’ve been saying this for years, but the main reason why property values are so low (compared to San Francisco, Seattle, Los Angeles, Vancouver, etc) is because we lack the commercial presence that other cities have. Once Sempra relocates, I assume another large company, or multiple companies will fill their space which will add to the demand for downtown living (which will cause housing prices to rise…in theory).
March 3rd, 2014 Categories: San Diego Real Estate Deals
There’s a condo for sale at The Grande North right now, that I think is a pretty good deal. This third floor condo is advertised a 1,550 sqft, 2br/2ba condo on the MLS, when in realty it’s a 1,684 sqft, 2br+den/2ba condo. I have no idea why it’s being advertised this way, but I know this unit/floorplan well and can all but guarantee it’s 1,684 sqft.
I sold this condo years ago to a client and have sold others just like it. It faces south over the building/garage entrance and is the larger of the two “A” floorplans (this is the A2, vs the 1,625 sqft A1 plan) – the extra square footage is in mostly in the closet. The unit is HUD owned and can be purchased by anyone – owner occupied, investors, second homes, etc. The property has been on the market since Nov 2013 and has been in and out of escrow four times. From what I’ve learned, there’s nothing wrong with the property though and the price has dropped from about $743K to about $668K.
It turns out, I’m actually pretty decent at my job. According to February’s San Diego Downtown News, I was ranked #4 for “total sales (including all buyer sales and listings sold)” in the downtown San Diego market (for 2013). This list is based on the 92101 sales that are on the MLS – not downtown agents that sell outside of 92101. They also broke it down by closed listings and closed buyer sales. For closed listings, I was ranked #6 with 13 sales and for closed buyer sales, I was ranked #3 with 15 sales (again, only for 92101 properties).
To all you downtown San Diego condo owners, you can relax just a bit longer. It turns out the Bosa Development won’t be breaking ground on the new Santa Fe Depot Parcel #9 building quite yet. From what I’ve learned, Parcel #9 is too high-end of a building to build right now – in other words, no one will pay what Bosa wants/needs to sell the condos for when they’re done. Rumor has it that Bosa plans on selling the new tower for an average of $1000/sqft, which is the very top end of our market right now.
So what now? The way I see it, there are few options…
(858) 243-2092 [email protected] Cal DRE #01420194