560 First Ave,
San Diego, CA 92101
I recently co-listed 629-33 Kettner Blvd with Victor Krebs and Rob Morgan of Colliers International. This is a rare property in an incredible location. 629-633 Kettner Blvd is located between Harbor Drive and G Street in downtown San Diego’s coveted Marina District. The property is right across from the Park Place condos, near the Manchester Grand Hyatt, Seaport Village and the old police headquarters.
The two addresses are part of a two story brick building that has approximately 5,841 square feet. Originally built in 1926, the upstairs was completely remodeled in 2009/10 and the downstairs in 2011.
I just listed a one bedroom condo at the Hard Rock Hotel in downtown San Diego. The Hard Rock Hotel is a condo-hotel, meaning all the rooms are individually owned, but can be rented out by the owner, or more commonly, by the hotel’s management company. This can be a great option for people who want to spend some time in San Diego, but also want to benefit from the rental income while they’re away (unlike a traditional rental, that is typically rented for 3-12 months at a time). What’s great about this unit specifically, is that it’s a Queen One Bedroom; this means that it has two queen beds and a separate living room.
Gaslamp Quarter in Downtown San Diego, 207 5th Avenue
Downtown San Diego
Entrance to Hard Rock Hotel San Diego
M2i is one of my favorite condo buildings in downtown San Diego. Located at 527 10th Ave (and 1050 Island), M2i is in a great East Village location. It’s not in the high traffic Gaslamp District, but it’s close enough so that you can walk the four blocks and people watch, or go to your favorite restaurant. M2i is also only a few blocks away from Petco Park, 15-20 minutes to Little Italy and only about a 1 minute drive to the freeway (both the 163 and 5). As East Village continues to grow, I think more and more people will see M2i as the perfect location to live downtown (here are some great new/old/future places: Cafe Chloe, Public Library, Blind Burro, Basic, Cowboy Star, Fit, Thomas Jefferson School of Law, etc).
Unit 407 at 527 10th Ave (there’s a #407 at 1050 Island, which is also M2i) is a fourth floor, north east facing corner unit. The 11 ft high ceilings and 1619 square feet, makes this one of the largest floor plans at M2i. There are two bedrooms (that are on opposite sides of the condo and do not share walls) and two full bathrooms. The kitchen opens up to a LARGE living/dining area, with expansive city views.
Smart Corner was the fastest selling building in downtown San Diego last year, with 158 sales in 2012. With dozens of floor plans, Smart Corner’s lofts/1brs/2brs offer pretty much any layout you could want. Located at 1080 Park Blvd, Smart Corner is next to the San Diego City College, making it a great income property. The building is also near Balboa Park, which has several museums, the world famous San Diego Zoo and acres of parks and other entertainment.
December 19th, 2012 Categories: San Diego Real Estate Deals
We all know that the market is tight and there’s nothing for sale - especially in the sub $300K range. I have a client who owns a 9th floor, 748 sqft loft at Smart Corner. The condo has an extra large balcony (compared to similar units) and faces east. My guess is that you could rent out the unit for about $1600/mo fairly easily. It’d be great to rent out to people at the City College, Cal Western Law, or anyone else who wants to be downtown.
The condo is an open loft, allowing you to design the space however you want. Or, you could build out a bedroom with drywall, screens, sliding panels, bookshelves, etc. Smart Corner is located on Park Blvd, between Broadway and C Street. The trolley station runs right next to it and you get some incredible views from the roof top deck (which is where the hot tub is).
This condo is brand new and will probably hit the MLS in January or February (but it can be sold now). If you’re interested in seeing this condo before it hits the market, let me know and I can set it up. Thanks
The other day, I received a call from someone who wanted help buying a condo downtown. He had been reading my blog and felt that I had a good grasp on the market and knew what I was talking about. That was the good news. The bad news was that he had been looking at Redfin’s site and saw that they offer a cash rebate when you work with them. The question was, is it better to work with me (who he felt had superior market knowledge and experience), or a Redfin agent (who would presumably save him money).
October 24th, 2012 Categories: San Diego Real Estate Deals
A while back I wrote about three “identical” condos at Horizons that I thought were good deals. Two were on the 16th floors (one in the 510 First Ave tower and the other in the 555 Front St tower) and one on the 15th floor (First Ave tower). The prices were pretty similar and since they were the same floor plan with pretty similar views, I thought someone would be able to get a good deal (supply vs. demand). 510 First Ave #1605, which was originally listed for $649K back in March, just closed escrow for $600K (a 7.6% final discount).
A new listing just come up at The Grande South and it’s the large, 1,944 sqft E plan. This in my opinion, is one of the best layouts of all condos downtown. It’s a 2BR+Den/2BA condo with two balconies. It’s on the west side of the building and has views to the north, west and south. This new Grande South condo is on the 30th floor, which is plenty high (you want to be above about the 20th floor to tolerate the Holiday Inn and about the 25th for it to be a complete non-factor).
This new listing is a short sale though, but short sales are moving much faster than they used to. Read the rest of this entry »
September 27th, 2012 Categories: San Diego Real Estate Deals
There’s a 10th floor 1 BR/1BA coming on the market in the next week or so at The Mark condos. It’s 879 sqft and is on the south east corner of The Mark. It comes with two parking spaces and a large storage unit. The Mark condos have high ceilings and in my opinion, probably the best pool/common area downtown (I live there, so I may be biased). This condo will be priced at $439K ($499/sqft), which isn’t terrible, considering #2304 recently sold for $505K ($558/sqft) and is on the north east corner.
If you’re interested in this unit or any others, please contact Denny Oh at 858-243-2092 or [email protected] If you’d like to automatically receive information on other pocket listings, deals and updates, please click here.
When I first wrote about Bosa Development’s, Bayside at the Embarcadero, the building hadn’t been completed. Now, after three years of walking through the condos, showing them, hearing feedback from client and selling them, I can pretty much tell you anything you’d want to know about the building. I can tell you that the finishes are better than any other building I’ve been in (the standard finishes that is), the views are pretty incredible and that the amenities are great. I can also tell you that some of the views to the east will eventually go away when Bosa builds the Kettner and Ash site.
(858) 243-2092 [email protected] DRE#01420194