2400 5th Avenue
Overview
At Laurel Bay, Balboa Park is practically the front yard. Laurel Bay is a 4-story condominium community at 2400 5th Avenue in Bankers Hill, on the northern edge of Downtown San Diego’s 92101 zip code. Completed in 2003, its 150 homes sit a short walk from Balboa Park, with studios, one-bedrooms and two-bedrooms to choose from.
Bankers Hill is one of San Diego’s most graceful neighborhoods: leafy streets, Victorian-era homes alongside modern condos, and Fifth Avenue’s neighborhood restaurants and wine bars within an easy stroll. Laurel Bay fits right in. It’s a comfortable, low-rise alternative to downtown’s towers, with a pool and spa for warm afternoons, a fitness center, a BBQ area, on-site security and a pet-friendly policy that allows up to two pets per home.
The location does a lot of the work. Balboa Park’s museums, gardens and trails are practically the backyard, Hillcrest’s restaurants are just up the road, and downtown and Little Italy are a few minutes away by car or bus. For buyers who want a calmer pace without giving up the city, Laurel Bay is an easy place to call home.
Amenities
October 2026
2 homes are for sale at Laurel Bay, listed from $424,500 to $569,000.
Over the past 12 months, 10 homes sold at a median price of $680,000 ($752 per square foot), ranging from $470,000 to $849,000. The typical home sold in 20 days.
| Closed | Floor | Beds / baths | Sq ft | Sold price | Per sq ft |
|---|---|---|---|---|---|
| Aug 2026 | Floors 1–9 | 1 bd / 1 ba | 801 | $588,000 | $734 |
| Jul 2026 | Floors 1–9 | Studio / 1 ba | 638 | $487,000 | $763 |
| Jul 2026 | Floors 1–9 | 1 bd / 1 ba | 800 | $539,000 | $674 |
| May 2026 | Floors 1–9 | 1 bd / 1 ba | 801 | $600,000 | $749 |
| May 2026 | Floors 1–9 | 2 bd / 2 ba | 1,107 | $760,000 | $687 |
Based on MLS data compiled by The Neuman Team. Updated October 18, 2026. Information deemed reliable but not guaranteed.
The Neuman Team
#1 in 92101 for homes sold since 2000. Ask us about current listings, recent sales, HOA dues or what your home could sell for.
Laurel Bay suits buyers who would rather live in a smaller, lower-key building than a high-rise, the kind of place where neighbors get to know each other. Pet owners will appreciate the policy, which allows up to two pets per unit. For anyone who wants a calmer neighborhood with Balboa Park and Downtown San Diego close by, the location is a real draw.
Dues run $680–$750 a month (based on 2026 sales), covering the pool, spa, fitness center, BBQ area and common-area upkeep. There is no concierge or guest parking, so visitors use nearby street or public parking. The association is managed by Action Property Management.
Leases must be at least 30 days, so nightly rentals aren’t allowed, but monthly and longer rentals are.
The Neuman Team has represented buyers and sellers of Downtown San Diego condominiums since 1981, with more than 7,400 closed sales, and has been #1 in 92101 for homes sold since 2000. Contact us to see which homes at Laurel Bay are available, or to find out what your unit could sell for today.
Yes. Laurel Bay allows up to two pets per unit, and Balboa Park is a short walk away for daily dog walks. Check the HOA’s current pet rules for any size or breed restrictions before you buy.
HOA dues at Laurel Bay run about $680–$750 per month, based on 2026 closed sales. Dues cover the ground-level pool and spa, fitness room, BBQ areas, security and common-area upkeep. The association is managed by Action Property Management.
Yes, with limits. Laurel Bay requires a 30-day minimum lease, so nightly and weekly short-term rentals such as Airbnb aren’t allowed. Monthly and longer rentals are permitted under the HOA’s rules.
Laurel Bay offers a ground-level pool and spa, a fitness room, BBQ areas and building security. As a four-story building of 150 homes, it has a quieter, more residential feel than the downtown high-rises.
Laurel Bay is at 2400 5th Avenue in Bankers Hill, near the corner of 5th and Laurel, close to Balboa Park and a short drive or bus ride to downtown and Little Italy. It was built in 2003.