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!
For sale
Listed by: LPT Realty • Regina Flores • 619-606-3513
Price cut: $20K (8/18)
$379,000
5473 Adobe Falls Rd Unit 16, San Diego, CA 92120
2beds
884sqft
Condominium
Built in 1973
-- sqft lot
$378,500 Zestimate®
$429/sqft
$510/mo HOA
What's special
- 68 days
- 1,102
- 81
Zillow last checked:
Listing updated:
Listed by:
Regina Flores DRE #01297838 619-606-3513,
LPT Realty
Source: CRMLS,MLS#: NDP2607425
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Entry/Foyer, Kitchen, Living Room
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator
- Laundry: Inside
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: End Unit
Interior area
- Total interior livable area: 884 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Uncovered spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: foyer
- Pool features: Community, Association
- Has view: Yes
- View description: Neighborhood
Details
- Parcel number: 4624401316
- Zoning: R
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1973
Community & HOA
Community
- Features: Street Lights, Sidewalks, Pool
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Pool
- Services included: Sewer
- HOA fee: $510 monthly
- HOA name: ASPN
- HOA phone: 858-430-5700
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $429/sqft
- Tax assessed value: $375,384
- Date on market: 8/6/2026
- Cumulative days on market: 68 days
- Listing terms: Cash,VA Loan
Estimated market value
$378,500
$360,000 - $397,000
$2,623/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Price change | $379,000-5%$429/sqft |
Source:  CRMLS #NDP2607425 Report a problem | ||
| 8/6/2026 | Listed for sale | $399,000+17.4%$451/sqft |
Source: CRMLS #NDP2607425 Report a problem | ||
| 6/22/2021 | Sold | $340,000+4.7%$385/sqft |
Source: Public Record Report a problem | ||
| 5/30/2021 | Pending sale | $324,700+204.9%$367/sqft |
Source: CRMLS #NDP2105529 Report a problem | ||
| 3/3/2009 | Sold | $106,500-10.5%$120/sqft |
Source: Public Record Report a problem | ||
| 6/5/2008 | Sold | $119,000-55.9%$135/sqft |
Source: Public Record Report a problem | ||
| 5/5/2005 | Sold | $270,000$305/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $375,384 +2% |
| 2025 | $4,638 +3.9% | $368,025 +2% |
| 2024 | $4,463 +2.3% | $360,810 +2% |
| 2023 | $4,364 +2.7% | $353,736 +2% |
| 2022 | $4,249 +182.8% | $346,800 +174.2% |
| 2021 | $1,502 +1.3% | $126,455 +1% |
| 2020 | $1,484 +4.1% | $125,160 +2% |
| 2019 | $1,425 +4.7% | $122,707 +2% |
| 2018 | $1,361 +2.5% | $120,302 +2% |
| 2017 | $1,327 +1.8% | $117,944 +2% |
| 2016 | $1,304 +1.6% | $115,633 +1.5% |
| 2015 | $1,284 +1.7% | $113,898 +2% |
| 2014 | $1,263 | $111,668 +0.5% |
| 2013 | -- | $111,164 +2% |
| 2012 | -- | $108,985 +2% |
| 2011 | -- | $106,849 +0.8% |
| 2010 | -- | $106,052 -30.7% |
| 2009 | -- | $153,000 -33.5% |
| 2008 | -- | $230,000 |
| 2007 | -- | $230,000 -16.5% |
| 2006 | -- | $275,400 +303.7% |
| 2005 | -- | $68,218 +2% |
| 2004 | -- | $66,881 +1.9% |
| 2003 | -- | $65,656 +2% |
| 2002 | -- | $64,370 +2% |
| 2001 | -- | $63,109 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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