560 First Ave,
San Diego, CA 92101
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.
I just put a condo on the market at Horizons. It’s a 2br/2ba condo (it used to have a den, but has been removed) with 1,544 sqft. It’s on the 7th floor and faces south west, towards the bay. This condo has been completely remodeled. There are new gray oak wood floors, new quartz countertops throughout and much more. In the kitchen, there are dark gray silestone counters, a tile/aluminum mosaic backsplash, high-gloss white kitchen cabinets and soft closing drawers. The island was extended to allow for more seating and has matching a countertop.
New light was added throughout the condo, including Lutron switches, a WeMo wifi switch for the gas fireplace (which allows you to control it with your iPhone) and two Nest thermostats were also installed. The two bathrooms were completely redone using porcelain tile for the walls and floors and silestone countertops. The master bathroom has a two person walk-in shower, with a rainshower head and two body sprays at one end and a massage shower head and wand at the other. A custom bench was also installed to make shaving and bathing a bit easier. The master has his and her sinks, “floating” mirrors and a “floating” vanity. All the ceilings have been smoothed out to give it a more modern look and all new doors have been installed to match the cleaner look.
There are two balconies in this condo – one large one off the living room/den and a smaller one off the master bedroom. The master bedroom has a large walk-in closet and there’s also a large laundry room (not closet) in the hallway. Condo #704 has two side-by-side parking spaces, a large storage locker and the building comes with 18 guest parking spaces!
Horizons is a luxury highrise with a pool, gym, hot tub and much more. Even though this condo is on the seventh floor, you do get a pretty nice bay view and it’s pretty well protected. If you’d like to see this condo or any other, please contact Denny Oh at 858-243-2092 or [email protected]
December 17th, 2013 Categories: San Diego Real Estate Deals
There’s a pretty good deal on a 1br condo at Icon currently. The seller needs out and I’m confident I can get it at about 10-20% below the market comps. Icon is a four building community located right next to Petco Park and the new library. I’m guessing you can purchase the condo for under $300K and it would rent for about $1700-1900/mo. Paying cash at $300K achieves an ROI of 3% (assuming you get $1750/mo in rent, pay 5% in management fees and it’s vacant one month/year). Three percent isn’t great, but I think you’ll see more on the appreciation as East Village grows.
Icon is in construction defect litigation right now, which has lowered prices there – that coupled with the unusually high number of 1brs on the market there (6 currently) and the holidays, market times have grown. You won’t get rich buying this condo, but I’m pretty sure you’ll do well if you sit on it for 3-5 years.
If you have any questions about this downtown San Diego condo deal, or others, please let me know. Denny Oh 858-243-2092 d[email protected]
I just reduced the price on my 2br/2.5ba condo at The Lodge in Banker’s Hill to $499K, which is only $434/sqft. The last three two bedroom sales at The Lodge were considerably higher, at $472, $508 and $541/sqft. Here are a few reasons why I like this property:
Aside from that, the condo is in great shape and is just a good property in general. If you haven’t noticed, San Diego is still growing (especially downtown) and as prices keep rising there, people will look to the more affordable areas like The Lodge. I think this is a great investment and should do well in the future. Having a dual master townhome with 2.5 bathrooms is a huge plus as well. And yes, there are two gated parking spaces with this unit (and a gym).
Let me know if you’d like to take a look at this great condo! Denny Oh 858-243-2092 [email protected]
If you’re looking for a great deal, I have just the place. The Mark #3102 is a large, 1,878 sqft penthouse with plenty of room for entertaining. It’s one floor below the top floor (which no one currently lives in) and only has two neighbors on the floor. The condo has 2 bedrooms, an optional den (no walls are built out) and 2.5 bathrooms. Additionally, there are three parking spaces (none are tandem!), three balconies (including one off the master bedroom) and a private storage room (right next to one of the parking spaces).
August 6th, 2013 Categories: San Diego Real Estate Deals
I recently listed a large 2br/2ba in Normal Heights, on 35th Street, north of Adams Ave. It’s a two story, 1322 sqft condo with an attached garage and additional parking space. The unit was recently remodeled and has laminate flooring, new plaint and new carpet.
I just listed a great new unit at The Grande South. The Grande South is one of my favorite buildings, primarily because of its great layout and functional floor plans. Condo #2604 at The Grande South is a 2 bedroom, 2 bathroom, 1,336 square foot condo, located on the 26th floor. This unit sits on the southern corner of the building and has incredible city views to the east, Coronado and the bay to the south and Pt. Loma and the bay to the west.
What’s great about this floor plan, is that it has view corridors in multiple directions and has plenty of space for a dining room and a living room. Brand new carpet was installed in the bedrooms last week and there’s beautiful Khars Brazilian cherry wood flooring throughout the rest of the condo.
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.
(858) 243-2092 [email protected] Cal DRE #01420194