12023 Alta Carmel Court 246, San Diego, California 92128, San Diego, 92128 - 1 bed, 1 bath
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San Diego, California 92128
This property presents a High-Potential Investment Opportunity with a List Price of $375,000—positioned well below the $370,553 Fair Market Value by a negligible margin, reflecting a stable market entry. While the unit has a Fair Condition Rating due to interior neglect, its location in the top-tier Rancho Bernardo school district, including Rancho Bernardo High School (9/10), ensures long-term demand. Featuring a bright patio and proximity to the I-15, this asset requires cosmetic updates to reach its full potential. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12023 Alta Carmel Court 246 Subject | $375,000* List Price | 1 | 1 | 704 | $526 | - |
A 12019 Alta Carmel Ct 282 Sold | $440,000 | 1 | 1 | 704 | $625 | 0.0 mi |
B 12015 Alta Carmel Ct 306 Sold | $400,000 | 1 | 1 | 704 | $568 | - |
C 12067 Alta Carmel Ct 72 Pending | $395,000 List Price | 1 | 1 | 704 | $561 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2006 (18 years old), the property is within the age range for 'Good' condition; however, the interior shows significant neglect. Visible drywall damage (holes in walls), detached closet doors, and general disarray indicate the unit is not move-in ready and requires repairs and cosmetic updates.
Elementary School: Stone Ranch Elementary School (9/10). High School: Del Norte High School (10/10).
Ideally situated in Rancho Bernardo with immediate access to the I-15 corridor and local shopping, offering exceptional convenience for commuters and easy access to daily amenities.
The property is located within the boundaries of top-rated schools, including Rancho Bernardo High School (rated 9/10), which is just 0.3 miles away, ensuring long-term value and desirability.
The property is a short sale subject to third-party approval, which typically results in a more complex, uncertain, and lengthy escrow process for the buyer.
At 704 square feet with a 1-bedroom configuration, the property caters to a specific niche market, potentially limiting the pool of prospective buyers and future resale flexibility.
Lovely complex in Rancho Bernardo, close to shopping, I-15, Rancho Bernardo High School, terrace level condo with bright patio. The property is a short sale. SHORT SALE – SUBJECT TO THIRD-PARTY APPROVAL HOA monthly rate provided by the HOA. Square footage and room dimensions are estimates.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 704 | 999 |
| Lot Size | - | 84,697.5 |
| Price | $375.0K | $604.2K |
| Price per sq ft | $533 | $618 |
| Built year | 2006 | 1985 |
| HOA | $241.0 | $500 |
| Days on market | 42 | 53 |
Jun 10, 2026
$375,000
Initial Listing
May 31, 2019
$308,000
Public Record
Mar 6, 2012
$145,000
Public Record
May 22, 2006
$246,500
Public Record