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5473 Adobe Falls Rd-, 16, San Diego, CA 92120

$379K2bd · 2ba · 884 sqft
HOA $510/mo•Condominium•
Active
•88d on market•MLS# 8N-2607425

Property Description

One of the best locations in the complex! VA Approved condos. Nestled among mature landscaping in the highly desirable Adobe Falls community, this light and bright upstairs end-unit features soaring vaulted ceilings. An excellent opportunity for first-time homebuyers, investors, or those looking to complete a 1031 exchange. Located just minutes from SDSU, this 2-bedroom condo offers outstanding potential as a student rental or long-term investment. The condo includes one deeded parking space (#3) plus an additional rented parking space that may be transferred to the new owner. Newer dual-pane windows, laminate flooring in the kitchen and dining area, tiled bathrooms, and a convenient in-unit laundry closet with washer and dryer included. Enjoy your private balcony with an attached storage closet, perfect for relaxing outdoors. Adobe Falls is a beautifully maintained community featuring a sparkling pool, spa, clubhouse, lush landscaping, and a responsive HOA. HOA dues include water, trash, common area maintenance, roof maintenance, and exterior building maintenance. Ideally located near Mission Valley shopping, countless restaurants, and SDSU, this home is adjacent to the highly desirable Del Cerro and San Carlos communities, known for their established neighborhoods, scenic hiking and biking trails, and exceptional central location. Enjoy convenient access to Interstate 8, Highways 15 and 125, making commuting throughout San Diego a breeze. You'll also be approximately 15 to 20 minutes from Mission Beach, Pacific Beach, and many of San Diego's world-famous beaches (traffic permitting), as well as close to downtown, Qualcomm Stadium redevelopment (Mission Valley), shopping, entertainment, and major employers. Whether you're a first-time buyer, investor, or completing a 1031 exchange, this home offers an unbeatable combination of affordability, convenience, lifestyle, and future upside. Don't miss this opportunity to build equity in one of San Diego's most desirable central locations!

Features & Amenities

FeeBuilt 1973

Property Details

Land Type
Fee
Year Built
1973
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
0
Cooling
Wall/Window Unit(s)
City
San Diego
Zip Code
92120
County
San Diego
Listed byLPT Realty, Regina Flores

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,916.43
Principal & Interest
Loan Amount
$303,200
Total Interest
$386,715
Total Payment Over 30 Years
$689,915
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

5473 Adobe Falls Rd-, 16, San Diego, CA 92120

San Diego · Condominium

$379K
Affordable Tier
Beds
2
Baths
2
Sqft
884
Lot
0 sqft
Year
1973
$/Sqft
$429
Pool: No✓
Spa: No✓

Listed in line with the median closed sale of $390,000.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $379K· $429/sqft
Total list price
Closed comps
vs closed median $390K
−$11K (−2.8%)
Active comps
vs active median $375K
+$4K (+1.1%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $502
−$73 (−14.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
6955 Alvarado RoadSan Diego197022879126,760$455$399,9991683
5970 Rancho MissionSan Diego197721824101,639$448$369,00010777
6665 Mission Gorge RoadSan Diego1972116762$487$329,0004677
6675 Mission Gorge RoadSan Diego19761162677,537$599$374,9003875
4545 Collwood BoulevardSan Diego19701175693,477$521$394,00021274
Total: 5 · Average1.41.2752.279,883$502$373,379.883.8
Median756$374,900

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
5553 Adobe Falls RoadSan Diego197307/29/2026221,1440$445,000$382,500$3340.868190
6955 Alvarado RoadSan Diego197009/18/202622884126,936$389,900$393,000$4451.014583
6955 AlvaradoSan Diego197008/13/202622884126,936$399,999$430,000$4861.074882
6039 Rancho Mission RdSan Diego198105/06/2026229310$450,000$390,000$4190.872579
4859 CollwoodSan Diego197007/08/2026117310$369,000$365,000$4990.995179
Total: 5 · Average1.81.8914.8126,936$392,100$392,100$436.6—50
Median884$390,000$390,000

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.