Marina District: Park Row?

[admin]

Hi,

Does anyone have any particular insight as to the Park Row complex in the Marina District? I almost thought about making an offer on a 1 bed/1 bath, 780 sq. ft. some time ago. I could’ve got it for $100k less than it had sold for in ’04. This is one I noticed on sdlookup.com:

http://www.sdlookup.com/MLS-076040962-701_Kettner_Blvd_112_San_Diego_CA_92101

Prices appear to be coming down, but this particular complex is somewhat unique for the downtown area and is holding price better than most. Maybe there will always be higher prices (relatively) in this complex? I’ve been in the complex a few times visiting someone and liked the layout and location. Thanks for the input

[PerryChase]

This is a nice convenient complex. However, the units are old and dated compared to the what else is available Downtown. This complex has the layout of a suburban condo development but it’s downtown (that might be an advantage to many).

I’ve been watching this also but I think that the prices will come down even more. The prices seem to hold up better because it’s an 1980s complex with long time home-owners and fewer speculators.

The unit you linked to is refurbished using Ikea cabinets that are open at the bottom (no kick-plates). All the junk and dust will soon accumulate under the cabinets.

I think this is a good place for retirees or professionals with no children.

Right now, prices are lower mainly because of speculators selling. Wait a few years for other types of must sell inventory (death, divorce, etc..). I don’t think that prices will appreciate for least 5 years. There will be with much lower prices in the near to mid horizon.

[PerryChase]

This is a nice convenient complex. However, the units are old and dated compared to the what else is available Downtown. This complex has the layout of a suburban condo development but it’s downtown (that might be an advantage to many).

I’ve been watching this also but I think that the prices will come down even more. The prices seem to hold up better because it’s an 1980s complex with long time home-owners and fewer speculators.

The unit you linked to is refurbished using Ikea cabinets that are open at the bottom (no kick-plates). All the junk and dust will soon accumulate under the cabinets.

I think this is a good place for retirees or professionals with no children.

Right now, prices are lower mainly because of speculators selling. Wait a few years for other types of must sell inventory (death, divorce, etc..). I don’t think that prices will appreciate for least 5 years. There will be with much lower prices in the near to mid horizon.

[PCinSD]

Thanks for the input. I like the fact that it is a sprawling, garden-like complex. (Unlike the many square boxes downtown). Also, the patios are huge. The 780 sq. ft. one I looked at had a 300 sq. ft. patio. That’s a huge selling point for me. Ideally, I’d like to pick one up for under $400k – maybe towards the end of 2008. Unfortunately, these units do not come up for sale very often. When I look up these units, many of them are still owned by the original owners. Some owners own more than one.

[PCinSD]

Thanks for the input. I like the fact that it is a sprawling, garden-like complex. (Unlike the many square boxes downtown). Also, the patios are huge. The 780 sq. ft. one I looked at had a 300 sq. ft. patio. That’s a huge selling point for me. Ideally, I’d like to pick one up for under $400k – maybe towards the end of 2008. Unfortunately, these units do not come up for sale very often. When I look up these units, many of them are still owned by the original owners. Some owners own more than one.

[eyePod]

As far a Ikea cabinets with no kick plates. That is a relatively easy fix I think. Even if you rip out and put in new cabinets, in a condo you’re talking less that $5K.

[eyePod]

As far a Ikea cabinets with no kick plates. That is a relatively easy fix I think. Even if you rip out and put in new cabinets, in a condo you’re talking less that $5K.

[Author]

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