
San Diego, California 92154
This Dual-Living Residential Asset is a Strong Value Opportunity, listed at $950,000—positioned slightly above the $943,141 Fair Market Value. Despite the minor premium, the property offers a Mint, Turn-Key Condition Rating following a comprehensive renovation. Featuring a 4-bedroom main house and a separate 1-bedroom ADU, this versatile layout provides immediate rental income potential or flexible multigenerational living. With a large 7,400 sq. ft. lot and modern interior upgrades, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility, income-producing home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1035 Dearborn Dr. Subject 5 bd · 4 ba · 2,150 sqft · $439 | $950,000* List Price | 5 | 4 | 2,150 | $439 | - |
A 2280 Hemlock Ave Sold 5 bd · 3 ba · 2,400 sqft · $379 · 0.8 mi | $908,500 | 5 | 3 | 2,400 | $379 | 0.8 mi |
B 3269 Carnell Ave Sold 4 bd · 3 ba · 1,638 sqft · $525 · 0.7 mi | $860,000 | 4 | 3 | 1,638 | $525 | 0.7 mi |
C 1323 Cornet Place Sold 4 bd · 3 ba · 1,638 sqft · $537 · 0.7 mi | $880,000 | 4 | 3 | 1,638 | $537 | 0.7 mi |
D 2635 Holderness Sold 3 bd · 2 ba · 1,492 sqft · $516 · 0.3 mi | $770,000 | 3 | 2 | 1,492 | $516 | 0.3 mi |
E 2271 Judith Sold 3 bd · 2 ba · 1,586 sqft · $508 · 0.8 mi | $805,000 | 3 | 2 | 1,586 | $508 | 0.8 mi |
F 3613 Forest Glen Road Pending 5 bd · 3 ba · 2,365 sqft · $376 · 1.0 mi | $889,000 List Price | 5 | 3 | 2,365 | $376 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1967, the property has undergone a comprehensive, high-end renovation within the last 5 years. Both the main house and the separate ADU feature fully updated modern kitchens with stainless steel appliances, completely remodeled bathrooms with contemporary tile and fixtures, new flooring, and newly installed mini-split HVAC systems, leaving it in mint, turn-key condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7400, living area = 1342.
The property features a separate 1-bedroom ADU with its own kitchen, laundry, and private yard, offering significant rental income potential or a perfect setup for multigenerational living.
The main residence boasts an updated kitchen and bathrooms, providing a move-in-ready aesthetic that appeals to modern buyers and reduces the need for immediate capital expenditure.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2150, other record living area = 1342. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Both the main house and ADU are currently tenant-occupied, which may complicate the transition for owner-occupants seeking immediate possession or specific financing.
Originally constructed in 1967, the property may require ongoing maintenance or updates to aging infrastructure and systems despite the cosmetic interior renovations.
Welcome to 1033-1035 Dearborn Dr, a unique opportunity featuring a spacious 4-bedroom, 3-bath main residence plus a separate 1-bedroom ADU —ideal for investors, multigenerational living, or buyers looking for additional rental income. The main home offers a comfortable and functional layout with four bedrooms, three bathrooms, and an additional flex room that can serve as a 5th bedroom, home office, playroom, or guest space. Updated kitchen, laundry room and bathrooms. Step outside to a generously sized backyard featuring a garden area and chicken coop, offering plenty of room to enjoy outdoor living, gardening, and entertaining. A standout feature of the property is the separate 1-bedroom ADU, complete with its own full kitchen, private fenced yard, and in-unit washer and dryer. The ADU provides excellent flexibility for extended family, guests, a home office, or continued rental use. Both the main residence and ADU are currently tenant-occupied, creating an attractive opportunity for an investor seeking an income-producing property or a future owner-occupant looking for a property with multiple living spaces. Conveniently located in San Diego with access to shopping, dining, schools, freeways, and everyday amenities. Two living spaces, flexible use, and rental-income potential—all on one property!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.2 |
| Baths | 4.0 | 2.2 |
| Square foot | 2,150 | 1,752.269 |
| Lot Size | - | 6,446.159 |
| Price | $950.0K | $1.27M |
| Price per sq ft | $442 | $736 |
| Built year | 1967 | 1971 |
| HOA | $0 | $186 |
| Days on market | 31 | 41 |
Sep 24, 2026
$950,000
Initial Listing
Mar 28, 1997
$158,000
Public Record