Opportunity is knocking are you going to answer? This is the fully renovated VA APPROVED condo is for you! Seller is willing to entertain a credit for a rate buy down! Appraised at $540,000. Instant Value! VA approved with a potential 5.5 30 yr fixed for qualified buyers with seller's preferred lender. Situated in the centrally located highly desired Del Cerro area of San Diego, 5523 Adobe Falls #3, offers comfort, convenience, and easy access to everything that makes San Diego living so special. Step inside to discover a bright and inviting layout featuring spacious living areas and an open flow perfect for both relaxing and entertaining. All New Dual Pane windows, LVP Flooring! The living room seamlessly connects to a serene quiet private patio, creating the ideal indoor-outdoor lifestyle Southern California is known for. The kitchen offers ample cabinetry and counter space with quartz counters and S/S appliances. Generously sized bedrooms provide comfort and flexibility for guests, a home office or a personal retreat. Enjoy the convenience of community amenities and a prime location just mins from shopping, hiking trails, SDSU and major freeways - making commuting and exploring the city simple and convenient. Whether you are a first time buyer, investor, or looking for a low-maintenance home in a fantastic location, this charming condo is a must-see, COME FALL IN LOVE today!
For sale
Listed by: Metro to Mountain Real Estate • Amanda Montgomery • Contact: sdrealestatewithamanda@gmail.com
$494,000
5523 Adobe Falls Rd Unit 3, San Diego, CA 92120
2beds
1,144sqft
Condominium
Built in 1973
-- sqft lot
$488,600 Zestimate®
$432/sqft
$510/mo HOA
What's special
- 139 days |
- 540 |
- 32 |
Zillow last checked:
Listing updated:
Listed by:
Amanda Montgomery DRE #01936766 sdrealestatewithamanda@gmail.com,
Metro to Mountain Real Estate
Source: CRMLS,MLS#: PTP2605848
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: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Bedroom, Living Room, Primary Bathroom, Primary Bedroom
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area, Laundry Closet, Outside
Features
- All Bedrooms Down, Bedroom on Main Level, Main Level Primary
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total interior livable area: 1,144 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Assigned
- Uncovered spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: Community, Association
- Has view: Yes
- View description: City Lights, Neighborhood
- Park: Adobe Falls
Lot
- Size: 3.77 Acres
- Dimensions: 164,112 sq ft
Details
- Parcel number: 4624401419
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Sidewalks, Urban, Pool
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Pool, Spa/Hot Tub
- HOA fee: $510 monthly
- HOA name: Adobe Falls
- HOA phone: 858-430-5700
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $432/sqft
- Tax assessed value: $341,212
- Annual tax amount: $4,302
- Date on market: 8/3/2026
- Cumulative days on market: 139 days
- Listing terms: Cash,Private Financing Available,VA Loan
Estimated market value
$488,600
$464,000 - $513,000
$2,866/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Listed for sale | $494,000+31.7%$432/sqft |
Source:  CRMLS #PTP2605848 Report a problem | ||
| 2/18/2026 | Sold | $375,000+150%$328/sqft |
Source: Public Record Report a problem | ||
| 3/29/2004 | Sold | $150,000$131/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,302 +3.9% | $341,212 +2% |
| 2024 | $4,140 +2.3% | $334,523 +2% |
| 2023 | $4,049 +2.7% | $327,964 +2% |
| 2022 | $3,941 +0.7% | $321,534 +2% |
| 2021 | $3,915 +1.2% | $315,231 +1% |
| 2020 | $3,867 +8.2% | $312,000 +7.6% |
| 2019 | $3,573 +11.6% | $290,000 +7.4% |
| 2018 | $3,201 +20.3% | $270,000 +20% |
| 2017 | $2,661 +9.3% | $225,000 +9.8% |
| 2016 | $2,435 +7.8% | $205,000 +7.9% |
| 2015 | $2,260 -0.4% | $190,000 |
| 2014 | $2,269 | $190,000 +13.8% |
| 2013 | -- | $167,000 +9.9% |
| 2012 | -- | $152,000 |
| 2011 | -- | $152,000 |
| 2010 | -- | $152,000 -7.9% |
| 2009 | -- | $165,000 -36.5% |
| 2008 | -- | $259,782 +2% |
| 2007 | -- | $254,689 +2% |
| 2006 | -- | $249,696 +2% |
| 2005 | -- | $244,800 +163.7% |
| 2004 | -- | $92,846 +1.9% |
| 2003 | -- | $91,146 +2% |
| 2002 | -- | $89,360 +2% |
| 2001 | -- | $87,609 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Del Cerro
Nearby schools
GreatSchools rating
- 5/10Foster Elementary SchoolGrades: K-5Distance: 0.8 mi
- 7/10Lewis Middle SchoolGrades: 6-8Distance: 1.1 mi
- 9/10Patrick Henry High SchoolGrades: 9-12Distance: 2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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