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3940 Gresham Street, 344, San Diego, CA 92109

$1.05M2bd · 2ba · 1,371 sqft
Lot 87,241 sqft•HOA $1440/mo•Condominium•
Active
•3d on market•MLS# PW-26114206

Property Description

This charming 2-bedroom, 2-bath condo offers true waterfront living in the desirable Bay Scene community — just steps from the sand and boardwalk. Located on the 4th floor, this condo is ready for its next owner to bring it back to life. Solidly built with a fantastic location directly on the bay, this home needs updating and some rennovations but all repairs have been done. to reach its full potential. Perfect for a buyer with vision who wants to personalize the kitchen, bathrooms, flooring, and finishes. Big Bonus: The entire complex is currently under a huge remodel, bringing the whole community back to life and adding significant value for future owners!

Features & Amenities

Pacific BeachFeeBuilt 1974

Property Details

Subdivision
Pacific Beach
Land Type
Fee
Year Built
1974
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
1
Heating
Forced Air
Cooling
None
View
Peek-A-Boo
City
San Diego
Zip Code
92109
County
San Diego
Listed byCrown Royal Real Estate Inc, Richard Carlos

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,304.31
Principal & Interest
Loan Amount
$839,200
Total Interest
$1,070,353
Total Payment Over 30 Years
$1,909,553
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Pacific Beach

This property is located in Pacific Beach, a community in San Diego. Explore more listings in this neighborhood to compare options and pricing.

View Pacific Beach Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

3940 Gresham Street, 344, San Diego, CA 92109

Pacific Beach · San Diego · Condominium

$1.05M
Affordable Tier
Beds
2
Baths
2
Sqft
1,371
Lot
2.00 ac
Year
1974
$/Sqft
$765
Pool: No✓
View: Peek-A-Boo✓
Garage: 1-car✓

Listed 4.6% above the median closed sale of $1,002,500. Price per sqft ($765) is a 23% discount to closed comps ($997).

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $1.05M· $765/sqft
Total list price
Closed comps
vs closed median $1.00M
+$47K (+4.6%)
Active comps
vs active median $1.10M
−$51K (−4.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,217
−$452 (−37.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
4944 Cass StreetSan Diego1973221,1000$1,000$1.10M11884
1830 Thomas AvenueSan Diego1976221,14118,731$787$897,5002577
727 Sapphire StreetSan Diego1975229970$1,093$1.09M5671
808 jamaica CTSan Diego1985229780$1,227$1.20M1169
3250 StrandwaySan Diego1985216070$1,977$1.20M4861
Total: 5 · Average2.01.8964.618,731$1,216.8$1.10M51.6
Median997$1.10M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1335 La PalmaSan Diego197409/30/2026221,27140,049$1.13M$1.13M$8891.00094
4007 Everts StreetSan Diego197405/01/2026229890$999,000$1.00M$1,0141.002379
1119 Reed AvenueSan Diego198506/30/2026331,4306,250$1.14M$1.14M$7971.0013773
727 Sapphire StreetSan Diego197510/05/2026229961$975,000$950,000$9540.973868
4007 Everts StreetPacific Beach (San Diego)197411/14/20252169916,187$945,000$930,000$1,3300.9821366
Total: 5 · Average2.22.01,07715,621.75$1.03M$1.03M$996.8—82.2
Median996$1.00M$1.00M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.