10476 Caminito Rimini, San Diego, California 92129, San Diego, 92129 - 2 bed, 1 bath
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10476 Caminito Rimini
San Diego, California 92129
ACTIVE
CONDITION: POOR
2Beds
1Baths
882Sq Ft
0Lot Size
Property Price
LIST PRICE$350,000
EST. MARKET VALUE
$361,451
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $350,000—positioned well below the $361,452 Fair Market Value by 3%. This valuation gap offers $11,452 in Instant Equity. With a Condition Rating of 5, the home requires significant renovation, yet benefits from a prime location within the Poway Unified School District (9/10 rated schools). This asset is ideal for Buy-and-Hold Investors or Contractors capable of managing the concurrent purchase requirement for a value-add project.
Estimated Market Value
$361,451+$11,451 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10476 Caminito Rimini Subject | $350,000* List Price | 2 | 1 | 882 | $410 | - |
A 10472 Caminito Rimini Sold | $426,400 | 2 | 1 | 882 | $483 | 0.0 mi |
B 10406 Caminito Rimini Sold | $380,073 | 2 | 1 | 945 | $402 | - |
C 10443 Caminito Rimini Active | $374,500 List Price | 2 | 1 | 882 | $425 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1973 (51 years old) with no recorded renovations; listing explicitly states the property needs 'TLC' and 'potential to shine,' while visible window AC units indicate outdated climate systems requiring a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Los Penasquitos Elementary School (9/10). High School: Mt. Carmel High School (9/10).
- Exceptional Market Value
Priced at $350,000, this property represents the lowest-priced condominium entry point along the I-15 corridor, offering significant equity potential for the right buyer.
- Top-Tier School District
The home is located within the highly acclaimed Poway Unified School District, with proximity to Los Penasquitos Elementary and Mt. Carmel High, both boasting impressive 9/10 ratings.
CONSRISKS & DEFICIENCIES
- Restrictive Purchase Terms
The requirement to purchase this unit concurrently with a second property (10443 Caminito Rimini) creates a significant barrier for traditional single-unit buyers and owner-occupants.
- Deferred Maintenance
The property is noted as needing 'TLC,' indicating that immediate capital investment for repairs and cosmetic upgrades will be necessary to bring the home to modern standards.
About 10476 Caminito Rimini
This property is offered in conjunction with 10443 Caminito Rimini. Each is priced at $350K. Must sell together and close concurrently. Price is firm. Currently the lowest priced condo on the I-15 Corridor! This charming 2-bedroom, 1-bath, two-story townhome is ready for a new beginning! With a little TLC, this home has the potential to truly shine. The spacious main-level living area offers plenty of room to relax and entertain, while the nicely sized bedrooms are located upstairs for added privacy. The property also features a garage and driveway parking for your convenience. Enjoy a convenient location close to Poway Unified Schools, parks, bus lines, freeways, restaurants, nightlife, and shopping. The HOA dues include water, sewer, and trash, and residents also have access to a community pool. Bring your vision and a little love—this home is ready for its next chapter!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1973
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $617.0 / Month
Neighborhood Insights
San Diego Unified Schools
Los Penasquitos Elementary School
Grades K-5 • 0.5 mi
9/10
Black Mountain Middle School
Grades 6-8 • 1.6 mi
7/10
Mt. Carmel High School
Grades 9-12 • 1.2 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 882 | 1,002.307 |
| Lot Size | - | 75,574.68 |
| Price | $350.0K | $596.0K |
| Price per sq ft | $397 | $612 |
| Built year | 1973 | 1985 |
| HOA | $617.0 | $529 |
| Days on market | 4 | 55 |
Pricing History
Listed for Sale
Sep 5, 2026
$350,000
Initial Listing