Blog



New Downtown San Diego Rental Listing | 1501 Front St #406

Downtown_San_Diego_Rental

There is no doubt that Little Italy is quickly becoming one of Downtown San Diego’s fastest growing residential neighborhoods. Little Italy is a vibrant, exciting area and is attracting young professionals, students, and even established families. That being said, I’d expect our new Downtown San Diego Rental listing at 1501 Front St (Palermo Condos) to go very quickly.

Palermo #406 is a 1 bedroom, 1 bathroom condo with 781 square feet and a western orientation, looking back out over Front Street. This unit has an open floor plan and modern kitchen. The newer carpet throughout the unit and extra closet space are going to appeal to most renters. In-unit washer and dryer and 1 assigned parking space in the garage are great modern conveniences that not every Downtown San Diego rental unit has included.

Palermo is a loaded with amenities, not found in many other Little Italy condo communities. Palermo amenities include: Heated Pool/Spa, Fitness Center, Community Room, Conference Room, On-Site HOA Manager, and a Gated/Underground Parking Garage.

For more information on this Downtown San Diego rental unit, feel free to contact us anytime. Check out our RENTALS page as well to view the entire Downtown San Diego Rental inventory.




Spotshare | Guest Parking in Downtown San Diego

Spotshare is a Great option for guest parking in Downtown San Diego

In an urban environment, parking is always going to be an important issue to consider.   In relation to Downtown San Diego condos, parking adds value to the unit.  In some neighborhoods, an extra parking space can be worth approximately $30k to $50k of upgraded value.   Typically, parking spaces are assigned to each Downtown San Diego condo.  A one bedroom condo usually has one parking space assigned, while usually two spaces are associated with the two bedroom floor plans. Often times…there is no assigned guest parking in a Downtown San Diego condo complex.   As a result…When we work with new buyers who are interested in a Downtown Condo and an urban lifestyle, there is always one question:  Where will my guests park?

Spotshare is an online service that attempts to answer the question of guest parking in Downtown San Diego.  Once signed up with the online service, Spotshare allows a Downtown resident to donate their assigned space when it is not being used, and also request an extra parking space when a friend is in town.   In theory, the Spotshare software is used to match the requests to the available donations in real time to satisfy the users on both sides of the sharing.  Best part is that Spotshare is free the users.   The online company charges a fee to the complex to operate the service in the building.  In my opinion…a great way to use monthly HOA fees.   If you need an extra spot, you simply login and make a request.   If there is a spot you are not using…simply donate the extra space for others to use.   The more you donate to Spotshare, the higher priority your requests are given when looking for an extra spot.  Additionally…the further in advance the request is, the better chance you have of success.   Most Downtown condo owners that I know who like Spotshare say they rarely have an issue finding a spot when needed.  With this said…they are also the ones who provide a donation regularly when they are not using one or more of their assigned spaces.

Here is a list of Downtown San Diego Condo Complexes that currently participate in the Spotshare Program:

  1. Alta | East Village
  2. Aria | Cortez Hill
  3. Breeza | Little Italy
  4. Cityfront Terrace | Marina District
  5. Diamond Terrace | East Village
  6. Discovery | Cortez Hill
  7.  Fahrenheit | East Village
  8. Harbor Club | Marina District
  9. ICON | East Village
  10. M2i | East Village
  11. Metrome | East Village
  12. Park Terrace | East Village
  13. Sapphire | Columbia District
  14. The Mark | East Village
  15. Trellis | Gaslamp




Zumper is Helping Downtown San Diego Streamline the Rental Process

zumperBack in 2013, I was browsing the Apple App Store looking for new apps that might be useful for my day to day life as a Real Estate Agent.  I saw a cool looking baby blue house with a pink heart coming from the chimney, and my relationship with Zumper was born.

Zumper is an online search platform for finding rental properties anywhere in the US. Think of a better version of Zillow/Trulia and specific to rental properties only. I signed up as a Zumper PRO in order to post our rental properties on Zumper and was contacted soon after by COO Taylor Glass-Moore and CEO Anthemos Georgiades. Taylor and Anth were going to be in town for a conference and asked if I had some free time to meet up and discuss Zumper PRO. I have to admit, I was a little bit floored when the founders of the app wanted to get together and discuss their product that I had just downloaded (I don’t remember getting an email from Zuckerberg when I downloaded the Facebook app). We met at my office and they were interested in hearing about what my needs were as a property manager, and how Zumper could fit those needs. Other than Anth being a big Tottenham Spurs fan (nobody is perfect), they were genuinely good guys and were going about building their platform the “right way.”

Since that initial meeting, I’ve become a Zumper Disciple, using Zumper to market all of our active rental properties and using the new ZAPP screening service to screen our tenants. This service is quickly becoming the “go-to” way to search for a rental property on-line. They also have fantastic apps in both the Apple Store and Google Play Store. Both of the apps are free. If you’re in the market for a rental property in Downtown San Diego, make sure to download Zumper on your phone as well as check out the 92101 MLS feed on www.92101urbanliving.com.




Generation Y Buyers Ready to Invest in San Diego Condos

GenYReadytoBuy

It is well known that investing in a San Diego condo can be a great way for a first time home buyer to enter into the housing market.   As the economy improves over the next several years…there is a new pool of Generation Y buyers that could be entering into the housing market.  Born between 1980 and 1995, Generation Y buyers are starting to come into their most productive “income producing” years.   Generation Y buyers have lived thru one of the most challenging national economies and housing markets.   They will face challenges in buying that include tight credit and lending criteria, high debt loads from student loans, and a tough job market.   However…even with all of this said, most studies and statistics (similar to the graph above) indicate that Generation Y Buyers see a housing as a good investment.  Eventually, Gen Y buyer could make up as much as 31% of the total buying pool.  The needs and desires of Gen Y buyers can no longer be overlooked by real estate professionals and builders.

Generation Y buyers have a different approach to finding a home.   Values, ideas of success, and the vision of “the American dream” differ generation to generation.   Younger Generation Y buyers are not as interested in the big suburban property filled with “stuff”.   They are looking for access to a certain lifestyle and flexibility in transportation.   Long commutes are dreaded, and a large percentage of Generation Y buyers may even work from home or shared office space.  San Diego condos work well for Generation Y buyers for several reasons:  Price point, location, lifestyle, and flexibility.   In an article from MSN Real Estate entitled “Dream Homes Vary By Generation”, author Christopher Solomon identifies some of the differences in preference between Baby Boomers, Gen X, and Gen Y home buyers.




New Gaslamp Condo Listing | 530 K Street #716

Gaslamp Condo

92101 Urban Living is proud to introduce our new Gaslamp Condo Listing at Trellis.   This new Trellis condo is a 1 bedroom just under 700 square feet in size.  Located in the heart of Downtown’s Gaslamp District, this condo is centered around everything an urban lifestyle has to offer.   With a private balcony above 6th Ave, the condo is east facing with city and urban views into the East Village.   Living above 6th Ave is a bonus in the Gaslamp Neighborhood due to both: noise issues that come with a 5th Ave orientation, and privacy issues that come with a courtyard orientation in the Trellis complex. The floor plan of this Gaslamp Condo is enhanced with a natural “cut out” in the living room.  As a central architectural feature, this cut out allows for more natural light and square footage.  700 square feet is not huge, but the floor plan is well laid out and allows an open feeling.  Kitchens in the condos at Trellis were well appointed with stainless appliances, granite counter tops, and expansive storage and counter space.   The master bedroom is set back off of the balcony which allows for more privacy.  There are two well sized closets to make sure that any buyer will have the necessary storage needed to live well in a Downtown Condo.   Two entrances to the bathroom mean that guests will not have to walk thru the master bedroom for access.   New paint, updated carpet, and a solid cleaning ensure that this unit is in “turnkey” condition for any new investor or buyer interested in a new Gaslamp Condo.

Originally built in 2005, the Trellis complex has become a popular complex and fixture in the Gaslamp neighborhood for full time living.   Trellis is made up of both a mid-rise and high rise building separated by a well designed interior courtyard.   When you are on the courtyard deck you do not feel like you are in the middle of the hustle and bustle of the Gaslamp District.  Trellis is known as a moderate building in terms of it’s HOA fees and amenities.   Below $500 per month, it is on the moderate side compared to other Downtown San Diego monthly fees.  One of the attractive features of the Trellis complex is that it has already been thru it’s litigation phase.  This means that conventional financing and 10% down payment scenarios are a possibility for financing.  This is great news for first time buyers and investors who do not want to sink larger down payment into an investment.   Overall…if you are interested in a Gaslamp Condo, this is a great option to consider under the $400k Price point.




Does Your Downtown San Diego Condo Value Rise When The Padres Win?

Downtown_San_Diego_CondoHere in Downtown San Diego, we’re truly blessed to live so close to a Major League Baseball stadium (Petco Park). Whether or not you’re a big baseball fan, you cannot deny that the stadium has contributed to the development of the East Village real estate landscape. Since Petco Park completed construction in 2003, we’ve seen 9 new Downtown San Diego condo complexes rise up in the East Village, including The Legend, Icon, and Park Terrace.

In a 2013 study by Jed Kolko, chief economist at Trulia, Jed examined the correlation of property values and MLB stadiums. San Diego has the 5th highest price per square footage of all 30 MLB cities, and registers a 1.9 ratio of “stadium area median” compared to the “metro price” as a whole. The “stadium area median” includes all properties within a 0-2 mile radius to the stadium, which in our case, includes just about all of the 92101 zip code.

Later in the study, Jed compares property values of cities with “winning” baseball teams (using pre-season odds from a betting site) to their not as “winning” counterparts. While some of the most expensive PP/sqft were associated with the best teams, the correlation was not air tight, as evidenced by the Padres being in the top 5. I think you’ll have to chalk up our expensive pricing to our perfect weather and amazing city, and not so much our lovable Friars.

So check out the article for yourself, it makes for some interesting reading. For more information about our local Downtown San Diego condos, especially the condos around the ballpark, feel free to contact us. We look forward to helping you find your next home.




New Downtown San Diego Rental Listing | 1050 Island Ave #609

Downtown_San_diego_rentalM2i is quickly becoming a Downtown San Diego favorite among young professionals and second homeowners alike. Built by Citymark Development in 2005, M2i features studio, 1 bedroom, and 2 bedroom layouts with very industrial looks and feels. The complex is a concrete frame and many of the units have left the exposed concrete accents in the units. Exposed pipes and HVAC complete the “loft-like” look inside most M2i units.

1050 Island Ave #609 is our newest Downtown San Diego rental and is 718 sq with a south facing exposure. Looking back out over Island Ave, this unit will always receive a bunch of natural sunlight year round. This rental is an open layout floor-plan with a pony wall to frame out the bedroom area. The hardwood flooring looks great and the southern wall is a huge wall of windows which gives you an urban backdrop. This unit’s modern kitchen includes stainless steel appliances and finished cabinets. In-unit washer and dryer and 1 assigned parking space are also included.

M2i, stands for Market-to-Island for the streets that line the north and south side, is centrally located in the East Village, just steps away from Petco Park, The Gaslamp, and Seaport Village. M2i also features in-complex amenities such as: a community rooftop BBQ terrace, spacious fitness center, gated/underground parking garage, on-site HOA manager, and controlled FOB access to the common areas.

For more information about 1050 Island Ave #609, or any Downtown San Diego rental unit, feel free to contact us anytime.




Bottega Americano | A New East Village Eatery/Market

BADoorThe East Village neighborhood of Downtown is excited about the opening of a new spot in the area at Park & Island, on the lower level of the new Thomas Jefferson Law School building.Bottega Americano is a new restaurant, bar, and marketplace that “combines the elegance of fine dining with the convenience and excitement of a European style marketplace, where you can browse the stations, enjoying the sights, sounds and aromas of food being prepared.” It’s a California twist on the classic Italian taste and style.

Dine at one of the culinary bars, in the dining room, or on the patio. Or browse the epicurean marketplace for gourmet ingredients to take home. The menu includes a pasta bar, seafood bar, wood fired pizza, Italian meats and cheeses, desserts, and more.

The marketplace opens at 7AM daily, with the

dining room available at 11AM thru the day for both lunch and dinner, along with a cocktail and late night menu starting at 10PM on weekdays and 1030PM on weekends till closing time
.

 




New Downtown San Diego Rental Listing | 206 Park Blvd #313

Downtown_san_diego_rentalOur newest Downtown San Diego rental listing at Park Terrace is urban living at its finest. This 1 Bedroom/1 bathroom condo rental is 694 square feet and has an interior courtyard orientation, which gives a tenant the urban setting without the street noise. Off of the living area is a spacious balcony overlooking the Park Terrace courtyard area and providing views of Petco Park and the new Library. The modern kitchen is equipped with stainless steel appliances, granite counter tops, and a large island, which adds tons of counter space. This Downtown San Diego rental unit comes with the conveniences that you would expect in a modern day highrise, such as: in-unit washer and dryer, assigned/underground parking space, and secure FOB access entries.

Park Terrace was developed in 2005 by Intercorp Developments, the same builders as nearby Diamond Terrace and Trellis. Aside from it’s ideal Downtown location, Park Terrace also provides great amenities to its residents. Park Terrace amenities include: full fitness center, common BBQ terrace, community/rec room with billiards and ping pong tables, on-site HOA manager, gated/underground parking garage, and night/weekend security.

For more information on this Downtown San Diego rental unit at Park Terrace, follow this link




Downtown San Diego Condo Update

The summer is almost over, and thought this would be a good time to post a blog on the state of the Downtown San Diego Condo market.   Things in Downtown San Diego Real estate continue to be stable and positive.  In fact, aside from the interest rates going down to promote more activity, the report is much the same from our early summer update post in July.  As we approach the last week in August, 58 Downtown condos have gone into Pending status.  This is a healthy sign that activity is still good, and a slight increase from earlier this summer.  Currently there are 272 Active Downtown Condos.  Here is how the current Inventory of Downtown San Diego condos is broken down:

21 Downtown Condos and Lofts Under $300k

91 Downtown Condos and Lofts Between $300k and $500k

118 Downtown Condos and Lofts Between $500k and $1MM

44 Downtown Condos and Lofts Over the $1MM Price Point

Interest rates dropped again this week.  Even though the national economy and the national housing market show signs of stability, there is interest in promoting more growth.  Favorable financing terms and longer market times provide buyers with a good window to consider the purchase of a Downtown San Diego Condo.   Any investor or buyer who has an interest in buying should consider this a good time before interest rates go back up and inventory falls seasonally following the buying season.

3.95% for a 30 Year Fixed

3% for a 15 Year Fixed

3.625% for a FHA Loan

3.875% for a Jumbo 30 Year Fixed


Contact 92101 Urban Living


>> Fill in this contact form to get in touch with us





















*: Mandatory Fields.