From Bargain to Dream Home: Real Estate Finds in North Park for Every Budget
Whether you’re a retiree on a fixed income or a buyer looking for luxury near Balboa Park, North Park continues to serve up real estate surprises. In this week’s meeting, Ken Kaplan spotlighted two very different—but equally compelling—property opportunities in San Diego’s ever-evolving North Park neighborhood.
Affordable Housing in a 55+ Community
First up, Ken introduced a rare budget-friendly gem: a one-bedroom, one-bath unit in a 55+ community priced at just $198,500. That’s practically unheard of in a market like North Park.
The 400-square-foot home, built in 1980, comes with access to a fitness room, billiard room, laundry facilities, and gated parking. Monthly costs fall between $1,200 and $1,300, including a low HOA fee of $255. This setup is ideal for individuals living on Social Security or a pension.
There are a few caveats. Residents must be 55 or older, though buyers don’t have to live there themselves. You can purchase the property and rent it out, as long as your tenant qualifies under the age restrictions.
Ken’s pro tip? Always read the CC&Rs and HOA documentation to avoid unexpected restrictions or rule violations.
Contemporary Dream Home with Bonus Studio
For those with a bigger budget—and a bigger wishlist—Ken also presented a stunning five-bedroom, five-bathroom contemporary home, just across from Balboa Park and Morley Field. Listed at $1.649 million, this 2,500-square-foot beauty was built in 2005 and has since been thoughtfully remodeled.
Key features include:
- 36 solar panels for major energy savings
- Waterfall granite countertops in a gourmet kitchen
- Stainless steel appliances and custom cabinetry
- A detached garage with an upstairs studio (perfect for guests or $1,500–$1,700/month in rental income)
- A master bathroom with a rainfall showerhead and modern spa-like finishes
Ken believes the home will sell quickly, given its high-end touches and unbeatable location near green space and walkable amenities.
Personal Touches Close the Meeting
In true community fashion, the session ended with some lighter moments. Ken got compliments on his sharp new glasses, which—surprise!—came from a three-pack at Costco. A few jokes about breakfast burritos and bargain eyewear rounded out a morning that mixed serious real estate insights with personal charm.
Whether you’re buying your first home, downsizing for retirement, or investing in prime rental potential, North Park’s current listings offer something for everyone. Just don’t forget to read the fine print—or where your Realtor gets his frames.
