2400 5th Avenue 225, San Diego, California 92101, San Diego, - bed, bath

home-pic
ACTIVE$835,000
2400 5th Avenue 225, San Diego, California 92101
2Beds
2Baths
1,107Sqft
60,175Lot
Year Built
2003
Close
-
List price
$835K
Original List price
$898K
Price/Sqft
-
HOA
$685
Days on market
-
Sold On
-
MLS number
NDP2503043
Home ConditionFair
Features
Good View: City Lights
Pool
Spa
ViewCity Lights

About this home

Two very respectable price adjustments on this amazing 2nd level unit at the coveted Laurel Bay in Banker's Hill! The first two bedroom, two bath floorplan available since late 2023 with a charming balcony offering Balboa Park views and bursting with the vibes one seeks in a potential 2nd home, vacation home OR primary residence. Nestled one block from Balboa Park, moments from Mission Hills, Hillcrest and Little Italy - the location could not be more perfect for those who like to take advantage of culinary delights, museums, walks in the park and central accessibility. This home is turnkey and ready for its next owners ~ recently painted in soft neutral tones and fine-tuned to perfection. Your future home offers Maple flooring & Berber carpet in main living areas with tile in the kitchen and bathrooms. Granite counters throughout. Custom lighting throughout. A generous walk-in closet in 2nd bedroom and TWO closets in primary bedroom provides ample storage. The well-maintained and highly desirable Laurel Bay community puts your HOA dollars to work efficiently ~ offering lovely common areas, a game room, exercise room, pool/spa and lovely garden areas.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (265 Listings)
Beds22
50%
Baths22
50%
Square foot1,1071,046
55%
Lot Size60,1750
33%
Price$835K$679K
63%
Price per square foot$754$701
62%
Built year200310026003
35%
HOA$685$856
30%
Days on market219171
73%
Condition Rating
Fair

The property was built in 2003. The listing mentions granite counters in the kitchen and bathrooms, maple flooring, and tile. The images show that the kitchen and bathrooms are functional but not recently updated. The carpet in the living areas appears dated. Overall, the property is in maintained condition but could benefit from updates to bring it to modern standards.
Pros & Cons

Pros

Prime Location: Located in Banker's Hill, one block from Balboa Park and close to Mission Hills, Hillcrest, and Little Italy, offering excellent access to dining, museums, and parks.
Turnkey Condition: Recently painted in neutral tones and fine-tuned, making it move-in ready for the next owners.
Community Amenities: The Laurel Bay community offers a game room, exercise room, pool/spa, and lovely garden areas, enhancing the living experience.
Desirable Features: Includes Maple flooring, Berber carpet, granite counters, custom lighting, and ample storage with walk-in closets in both bedrooms.
Price Adjustment: Two recent price adjustments indicate a motivated seller and potential for a good deal.

Cons

HOA Fees: The monthly HOA fee is $685.0, which could be a significant expense for some buyers.
Limited Availability: The listing mentions that this is the first two-bedroom, two-bath floorplan available since late 2023, suggesting limited availability of similar units.
Second Level Unit: Being a second-level unit might be less desirable for buyers seeking ground-floor access or higher views.

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