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Subject: Cracks at Atria - Marina District

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Brian
Posts:2272

05/17/2008 11:35 AM	Alert
Here's a $100k loss at Atria. Well, that place has been going downhill ever since the condo conversion days. The co-owner said about his partner: “His background with a major financial institution allows [owner] to bring tremendous knowledge and experience in technologies....." It's interesting how "tremendous" financial knowledge is causing one to lose $100k on a condo purchase. http://www.sdlookup.com/Property-3FD9089E-120_Island_Ave_331_San_Diego_CA_92101#22536

ScottSD
Posts:162

05/17/2008 3:00 PM	Alert
i checked that place out once. the units were pretty nice but the place had a serious motel 6 feel to it.

Boondoggler
Posts:25

05/18/2008 9:22 PM	Alert
I liked the layout of the three bedroom units and the location in town, but they are very inferior in quality. If it wasn't for its position, it would get my vote as worst condo community in Downtown. I reserve that vote, however, for Palermo. It has an on-ramp on the north side where cars shine lights directly into units, and two busy streets leading on and off the 5 freewat on the east and west. Across the road on First is a car repair garage that blasts a bell and loudspeaker all day. On the south side is a transient hotel and the area is full of the under-privileged. The building itself is wood and stucco. Built at the very end of the boom as a condo conversion, people paid top dollar to live in this giant shed.

Brian
Posts:2272

07/27/2008 10:11 PM	Alert
Posted By Boondoggler on 05/18/2008 9:22 PM The building itself is wood and stucco. Built at the very end of the boom as a condo conversion, people paid top dollar to live in this giant shed. I so very much agree. Here is a trifecta of buyers of one such unit. 101_Market_St_124_San_Diego_CA_92101

SJdiego
Posts:42

07/28/2008 9:25 AM	Alert
I feel bad for people that bought here. Four years ago when I first moved to San Diego, I didn't even want to move into this place when it was an apartment complex - I took the tour, but didn't think it was worth $1,500 a month (or whatever it was) when there was no pool, no view, etc. I chose a big complex across the street instead. Then, people caved into peer pressure, bought into the bubble, and put 5 and 6 hundred thousand on condos there. What a shame.

Brian
Posts:2272

08/13/2008 11:12 PM	Alert
And some people said that the Marina District is immune from price drops. 101_Market_St_103_San_Diego_CA_92101

Brian
Posts:2272

08/19/2008 10:56 AM	Alert
#417. Not only are these sellers "throwing away" 3 years of carrying costs, but they'll have to bring cash to the table. 101_Market_St_417_San_Diego_CA_92101

92101Resident
Posts:141

08/19/2008 11:28 AM	Alert
I had a friend who rented a ground level unit at Atria and hated the layout (it felt cramped with all the choppy corners/rooms).

Brian
Posts:2272

09/23/2008 1:05 PM	Alert
Doesn't look like people are champing at the bit to buy in the Marina District. 120_Island_Ave_331_San_Diego_CA_92101

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