1367 Diamond, San Diego, California 92109, San Diego, 92109 - 0 bed, 0 bath
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1367 Diamond
San Diego, California 92109
ACTIVE
CONDITION: TEAR DOWN
0Beds
0Baths
868Sq Ft
6,300Lot Size
Property Price
LIST PRICE$1,599,000
EST. MARKET VALUE
$1,627,900
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,699,000—positioned well below the $1,703,900 Fair Market Value by 0.29%. This valuation gap offers $4,900 in Instant Equity. Featuring RS-1-7 Zoning and a cleared, graded lot with a framing shell, this Condition Rating 6 asset allows developers to bypass 12–18 months of entitlement delays. It is an ideal acquisition for Buy-and-Hold Investors or Developers seeking to execute a 4-unit coastal project in the heart of Pacific Beach.
Estimated Market Value
$1,627,900
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 |
|---|---|---|---|---|---|---|
★ 1367 Diamond Subject 0 bd · 0 ba · 868 sqft · $1,875 | $1,599,000* List Price | 0 | 0 | 868 | $1,875 | - |
A 3945 Haines St Pending 2 bd · 1 ba · 1,048 sqft · $1,937 · 0.8 mi | $2,030,000 List Price | 2 | 1 | 1,048 | $1,937 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
The original 1949 structure has been cleared and the lot graded, leaving only a slab and a framing shell. There are no functional kitchens, bathrooms, or utility systems present, making the property unlivable and valued strictly for its land and development potential.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Bird Rock Elementary School (10/10).
- Development Readiness
The lot is already cleared and graded with an existing slab and framing shell, allowing a developer to bypass approximately 12–18 months of entitlement and demolition delays.
- Prime Coastal Location
Situated in the heart of Pacific Beach, the property is just blocks from the Garnet Avenue shopping district, Sail Bay, and the ocean, ensuring high demand and premium resale value.
CONSRISKS & DEFICIENCIES
- Significant Capital Requirement
As a cleared lot with only a framing shell, the property requires substantial additional investment and construction management to reach completion, limiting the buyer pool to experienced builders or investors.
- Affordable Housing Restrictions
To utilize the current 4-unit development plan, one unit must be designated for affordable housing (30% AMI), which may impact the overall gross rental yield of the project.
About 1367 Diamond
Prime Coastal Pacific Beach Development Opportunity! Ideal location! Next to Pacific Beach Recreation Center, couple blocks Garnet shop&dining area, near Sail Bay, beach, and many more. Excellent versatility for builders, developers, or investors looking for a prime parcel in RS-1-7 zoning. The lot has been cleared and graded, old home was partially demolished, featuring an existing slab/framing shell to help streamline site preparation and utility integration. Street and back-alley access. Opportunity to build a premier custom coastal home with or without the flexible ADU and JADU options for rental income or multi-generational living, under San Diego city/county regulations. —bring your builder and hit the ground running on day one! Rare opportunity! Location! Location! Location! At the heart of Pacific Beach in San Diego! PRIME DEVELOPMENT GEM. Flat, cleared, large lot with main street and back-alley access. Zoning as RS-1-7. Flexible building options. Flat lot! Located just minutes, couple blocks to Garnet Ave shops & dining/entertainment, PB Rec Center, Sail Bay, and the ocean. Bypass 12–18+ months of entitlement delays and demo hassles—bring your builder and hit the ground running on day one! Convenient and Central to everything! Rare opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 6,300 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Pacific Beach Elementary School
Grades K-5 • 0.6 mi
7/10
Crown Point Jr Music Academy
Grades K-5 • 0.7 mi
7/10
Sessions Elementary School
Grades K-5 • 0.9 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.2 |
| Baths | 0.0 | 2.2 |
| Square foot | 868 | 1,752.269 |
| Lot Size | 6,300 | 6,446.159 |
| Price | $1.60M | $1.27M |
| Price per sq ft | $1.8K | $736 |
| Built year | 1949 | 1971 |
| HOA | $0 | $186 |
| Days on market | 37 | 41 |
Pricing History
Listed for Sale
Sep 29, 2026
$1,599,000
$1,699,000
-6% Price Drop
Initial Listing
Price Change
Sep 18, 2026
$1,699,000
Initial Listing
Sold
Nov 22, 2023
$1,645,000
Public Record