
San Ysidro, California 92173
Investor opportunity with strong long term potential. Property features a main home and two additional units that have been recently updated and are currently vacant, giving a new owner the flexibility to establish rental terms and begin generating income. The main home is in the process of being converted from a one bedroom, one bath to a two bedroom, two bath, offering added value and future upside. Situated on an approximately 7,000 square foot lot, the property also offers additional development potential. The existing layout and available setbacks may provide an opportunity to add up to two additional units, creating the potential for increased rental income and long term value, subject to city approval, zoning, permits, and development requirements. Centrally located with convenient freeway access and close proximity to shopping, dining, and everyday amenities. The property offers ample on site parking and a functional layout for multiple occupants. Ideal for investors seeking a buy and hold asset with immediate leasing potential, value add opportunities, and room for future growth. Buyer and buyer’s agent to independently verify all permits, zoning, development potential, use, unit count, setbacks, and square footage.
Property is new construction or fully renovated.
Although originally built in 1940, the property has undergone a comprehensive recent renovation within the last 5 years. The interior features brand new white shaker cabinetry, quartz countertops, modern fixtures, new LVP and tile flooring, and fresh paint throughout. Exterior upgrades include new stucco and updated windows, and the systems appear modernized, qualifying it as mint condition with no immediate maintenance required.
Two of the three units have been recently updated and are currently vacant, allowing a new owner to secure market-rate tenants immediately without the complications of existing lease agreements.
The generous 7,000-square-foot lot and existing setbacks offer the potential to add up to two additional units, significantly increasing the property's long-term yield and density subject to city approval.
The ongoing conversion of the main home from a one-bedroom to a two-bedroom, two-bathroom residence provides built-in equity growth and enhances the property's overall rental appeal and utility.
The listing places significant responsibility on the buyer to verify all permits, zoning, and unit counts, suggesting potential complexities with existing or future development documentation.
Originally constructed in 1940, the property may require substantial capital expenditure for infrastructure updates or repairs to older structural components not included in the recent renovations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 5.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,615 | 1,474 |
| Lot Size | 7,000 | 8,276.4 |
| Price | $1.10M | $685.0K |
| Price per sq ft | $421 | $465 |
| Built year | 1940 | 1930 |
| HOA | $0 | $0 |
| Days on market | 54 | 25 |
Sep 1, 2026
$1,100,000
Initial Listing