31Jul
By: Ryan Ponce On: July 31, 2024 In: Columbia District, Downtown San Diego Comments: 0

Deal of the Week in Electra – Downtown San Diego

Located at 700 W E Street in Downtown San Diego’s vibrant Columbia District, Electra offers urban luxury and convenience. It’s close to the lively Little Italy, Santa Fe Depot train station, and Seaport Village, providing residents with a wide range of dining and entertainment options.

Electra, the tallest residential building in Downtown, features 248 residences across 43 stories. Built in 2008, it combines modern elegance with historical charm. Amenities include a pool, spa, fitness center, 24/7 lobby service, secure parking, barbecue areas, and a community lounge. The grand atrium, a nod to the building’s historical roots as the former SDG&E power plant, adds a unique touch. Electra exemplifies upscale living in the Columbia District.

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*Listing Courtesy Of  “Compass”

Electra #3504 – Condo For Sale:

  • 700 W E Street #3504, San Diego, CA 92101
  • 35th Floor
  • 2 Bedrooms
  • 2 Bathrooms
  • 993 Square Feet
  • East Orientation
  • Amazing views of the City, Coronado Bridge and Bay
  • 1 Parking Space
  • Offered at $829,999
  • Homeowners Dues: $1,478/mo

If you are interested in more information, contact me at my information below! 

What makes this property great?

Finding a home high up in the sky at an affordable price can be challenging, especially in a bustling city. This particular property, located on the 35th floor, stands out because it is such a great value. Homes in Downtown San Diego on the 30th floor or higher have sold for an average of $2,507,516 over the past two years. The average price per square foot was $1,245.28. This property, however, is listed at just $829,999. With 993 square feet, that breaks down to only $835.85 per square foot. That’s an incredible value!

This two-bedroom, two-bathroom residence features a split bedroom layout, meaning the bedrooms are on opposite sides of the condo for privacy. While the overall space is under 1,000 square feet, making it feel a bit small, the layout is perfect for a vacation home or part time residence. You get to live high up in an elegant building for a price that’s usually out of reach. Plus, you can enjoy amazing views of the city skyline, the Coronado Bridge, and San Diego Bay.

The location is another big plus. You’re close to Little Italy and San Diego’s waterfront, with easy access to shopping, dining, and entertainment. Being just one block from the Santa Fe Depot means you can easily hop on a train and travel up the West Coast.

There are a couple of drawbacks, like the smaller size and the fact that it comes with only one parking space. Additionally, the building is facing a few challenges. Earlier this year, a special assessment was required to fund reserves and make necessary roof repairs. There’s also a high likelihood of two more special assessments to replace plumbing and address issues with the pool. While these could be significant expenses, they seem to be factored into the current pricing, making it more affordable. Despite these challenges, this home offers great value for the price, especially considering the stunning views and prime location. It’s a rare find that combines affordability with the perks of high-rise living.

A Downtown Professional You Can Trust!

Contact me
to schedule a private showing

Ryan Ponce - REALTOR®
DRE# 01902950
(619) 228-6790
Ryan@livingthesandiegolife.com
Compass