11032 Promesa, San Diego, California 92124, San Diego, 92124 - 4 bed, 2 bath
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11032 Promesa
San Diego, California 92124
ACTIVE UNDER CONTRACT
CONDITION: POOR
4Beds
2Baths
2,007Sq Ft
8,100Lot Size
Property Price
LIST PRICE$1,125,000
EST. MARKET VALUE
$1,194,312
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $1,125,000—positioned well below the $1,180,969 Fair Market Value by 4%. This valuation gap offers $55,969 in Instant Equity for buyers. Featuring a Fair Condition Rating and a spacious 2,007 sqft layout with an in-ground pool, the home requires modernization to reach its full potential. Located near top-rated schools like Tierrasanta Elementary, this is a high-reward acquisition ideal for Fix-and-Flip Investors or Owner-Occupants seeking to build value.
Estimated Market Value
$1,194,312+$69,312 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 |
|---|---|---|---|---|---|---|
★ 11032 Promesa Subject | $1,125,000* List Price | 4 | 2 | 2,007 | $595 | - |
A 5376 Camino Playa Malaga Sold | $1,315,000 | 4 | 3 | 2,123 | $619 | 0.4 mi |
B 11037 Pallon Way Active | $1,310,000 List Price | 4 | 3 | 2,001 | $655 | 0.7 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 1977, this 47-year-old home is significantly dated and fits the criteria for a rehab project. Images reveal original-style 1970s finishes including pink carpeting, popcorn ceilings, and dated wood-paneled cabinetry. The listing description explicitly frames the property as an investment opportunity to 'bring your vision to life' and 'build instant equity,' confirming that while systems like AC are present, the kitchen, baths, and surfaces require a full overhaul.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8100, living area = 2007.
- Prime Location and Education
Situated in the highly desirable Tierrasanta neighborhood, the property is within walking distance of top-rated schools, including Tierrasanta Elementary (8/10) and De Portola Middle (7/10).
- Desirable Single-Level Layout
The spacious 2,007 sqft single-story floor plan offers excellent accessibility and flow, featuring a private in-ground pool and central air conditioning for year-round comfort.
CONSRISKS & DEFICIENCIES
- Likely Requires Modernization
The description suggests the home needs updates to reach its full potential, implying that buyers should budget for immediate cosmetic or structural improvements.
- Aging Infrastructure
Built in 1977, the property may feature original systems or finishes that could require maintenance or replacement to meet modern efficiency and aesthetic standards.
About 11032 Promesa
Nestled in the highly desirable neighborhood of Tierrasanta, this spacious single-level home offers an incredible opportunity to bring your vision to life and build instant equity. Featuring 4 bedrooms and 2 full bathrooms, the functional single-story layout flows effortlessly. Step outside to your private outdoor sanctuary, fully equipped with a fenced yard and a refreshing in-ground pool—perfect for summer entertaining and outdoor relaxation. A convenient 2-car garage provides ample parking and extra storage space. Whether you're looking for a move-in ready canvas to customize over time or an unbeatable investment property, this versatile home is packed with endless potential in a prime location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 8,100 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Tierrasanta Elementary School
Grades K-5 • 0.6 mi
8/10
De Portola Middle School
Grades 6-8 • 0.4 mi
7/10
Farb Middle School
Grades 6-8 • 1.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 2,007 | 1,777.941 |
| Lot Size | 8,100 | 6,474.445 |
| Price | $1.12M | $1.27M |
| Price per sq ft | $561 | $741 |
| Built year | 1977 | 1971 |
| HOA | $0 | $184 |
| Days on market | 46 | 40 |
Pricing History
Listed for Sale
Jul 25, 2026
$1,125,000
Initial Listing
Sold
Dec 14, 1994
$230,000
Public Record