
San Diego, California 92107
This 1949 Streamline Moderne residence represents a Strong Value Opportunity, listed at $2,790,000—positioned well below the $2,924,123 Fair Market Value by 4%. This valuation gap offers $134,123 in Instant Equity. Featuring a Condition Rating of 5, the property requires a comprehensive renovation, yet its 9,500 sqft corner lot and panoramic ocean views provide immense upside. Located in the San Diego Unified district near top-rated schools, this is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants with a vision for restoration.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1005 Alexandria Dr Subject 6 bd · 3 ba · 2,617 sqft · $1,117 | $2,790,000* List Price | 6 | 3 | 2,617 | $1,117 | - |
A 4670 72 Pescadero Avenue Active 5 bd · 3 ba · 2,117 sqft · $1,084 · 0.8 mi | $2,295,000 List Price | 5 | 3 | 2,117 | $1,084 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 and largely original for over 70 years, the property is offered strictly as-is. The kitchen and bathrooms feature original tile, cabinetry, and flooring that are significantly past their useful life. Given the 'largely original' description and age, the electrical and plumbing systems likely require full modernization/rehab.
Elementary School: Ocean Beach Elementary School (10/10).
A unique 1949 Streamline Moderne residence with nautical-inspired design, offering a rare opportunity to own a piece of San Diego's architectural history for the first time in 70 years.
The property features panoramic ocean and coastline views and is ideally situated near Sunset Cliffs and scenic coastal trails in the prestigious Point Loma neighborhood.
Offered strictly in 'as-is' condition and largely original since 1949, the home requires a comprehensive and costly overhaul to modernize its systems and finishes.
The $2.79M list price represents a significant initial investment for a property requiring total restoration, which may challenge the total project budget for some buyers.
A rare Point Loma offering, available for the first time in 70 years. Built in 1949, this largely original Streamline Moderne residence captures the distinctive nautical influence of an architectural style inspired by the sleek ocean liners of the 1930s. Curved lines, streamlined forms, and nautical-inspired details reflect an era when architecture embraced movement, simplicity, and modern design. With ocean views and authentic period character, this distinctive home offers a glimpse into San Diego's architectural past and an opportunity seldom found in today's coastal market. Situated on a corner lot, the property features a two-tier backyard, ample parking, an attached garage with an open vehicle entrance, and alley access. Adding an unexpected chapter to its history, a bomb shelter dating to the Cuban Missile Crisis lies beneath part of the backyard. Enjoy convenient access to Sunset Cliffs, Ocean Beach, beaches, scenic coastal trails, and nearby schools. Offered strictly AS-IS, this is an opportunity for a buyer with vision to restore, preserve, and reimagine a character-rich coastal home while honoring its original architectural heritage. With its distinctive design, ocean views, and decades-long ownership history, 1005 Alexandria Drive is a property with a story all its own.
No exterior & parking available.
Grades K-4 • 0.1 mi
Grades K-4 • 0.7 mi
Grades K-4 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.2 |
| Baths | 3.0 | 2.2 |
| Square foot | 2,617 | 1,752.269 |
| Lot Size | 9,500 | 6,446.159 |
| Price | $2.79M | $1.27M |
| Price per sq ft | $1.1K | $736 |
| Built year | 1949 | 1971 |
| HOA | $0 | $186 |
| Days on market | 2 | 41 |
Oct 23, 2026
$2,790,000
Initial Listing