This 30th floor condo in Electra offers amazing views and a spacious layout for under $1 million!
Electra is currently the tallest residential tower in Downtown San Diego, soon to be matched by Bosa Development’s Pacific Gate. It is a 43 story residential high rise condominium building in Columbia District and is just one block from Marina District. The community offers high end amenities, including 24 hour concierge, security, very elegant lobby, pool, spa, and much more. Watch the video below to go through all of the amenities.
Electra Condo For Sale:
- 30th Floor
- 2 Bedrooms
- 2 Bathrooms
- 2 Parking (Tandem)
- 1,488 Square Feet
- Northeast Corner Unit
- Great City and Bay Views
- Offered at $955,000
Why is this a great deal?
I have said this before, but if I had the money, I would be investing in this neighborhood. Columbia District is growing at a rapid pace. With the addition of Bosa’s Pacific Gate and Manchester’s Pacific Gateway, this neighborhood will look incredible once they are completed. Not to mention, Bosa Development has plans for the lot between Pacific Gate and The Grande South, known now only as Parcel 1.
This 30th floor residence will not only have views of the bay and city, but some of the best architecture San Diego and the West Coast has to offer! The neighborhood growth is a huge plus, but the condo is also priced very well. It is listed $34 below the average price per square foot in the building when compared to other active listings and it is on the 30th floor! At $642 per square foot, you won’t find anything else like it. Pacific Gate, just one block west, will be well over $1,100 per square foot for the equivalent floor height.
I received an email from the Pacific Gate Sales team that claims the first weekend of sales was a huge success. They stated they were able to get over $90,000,000 in contract during that first weekend! That is the equivalent to all of the sales volume in all of 92101 for December 2015 through February 2016!
In the past 6 months, there have been 3 sales in the building. There were two on the 25th floor and one on the 33rd floor. They sold at an average price per square foot of $739! That is nearly $100 more per square foot!