
San Diego, California 92109
This historic Craftsman is a High-Potential Investment Opportunity, listed at $3,000,000—positioned well below the $2,870,926 Fair Market Value by -4%. While the property requires modernization, it offers $129,074 in negative equity, balanced by significant income potential from a 1,000 sqft rental unit and a 525 sqft rec-room with ADU potential. With a Fair Condition Rating, this asset features a 9,371 sqft lot and 5-car garage. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living in a prime coastal location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1576 78 Diamond Street Subject 3 bd · 3 ba · 2,630 sqft · $1,092 | $3,000,000* List Price | 3 | 3 | 2,630 | $1,092 | - |
A 5341 Westknoll Lane Sold 4 bd · 2 ba · 2,180 sqft · $1,193 · 0.9 mi | $2,600,000 | 4 | 2 | 2,180 | $1,193 | 0.9 mi |
B 1144 Wilbur Sold 4 bd · 2 ba · 1,616 sqft · $1,312 · 0.6 mi | $2,120,000 | 4 | 2 | 1,616 | $1,312 | 0.6 mi |
C 1726 Archer Sold 3 bd · 2 ba · 1,708 sqft · $1,329 · 0.8 mi | $2,270,200 | 3 | 2 | 1,708 | $1,329 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1905 and held by the same family since 1937, this property is a well-preserved historic Craftsman but is significantly dated. While the exterior and wood interiors are in good shape for their age, the laundry room and visible systems (water heater) show significant age, and the rear building addition dates back to the early 1980s (>40 years). The home lacks modern kitchen/bath renovations and likely requires electrical and HVAC updates to meet current standards, placing it firmly in the 'Fair' category due to its age and dated functional areas.
Elementary School: Bird Rock Elementary School (10/10).
As a well-preserved 1905 Craftsman and potential Mills Act candidate, the property offers unique architectural prestige and the opportunity for significant property tax savings.
The rear building includes a 1,000 sqft rented apartment generating $3,725 monthly, plus a 525 sqft rec room with a full bath that is ideal for a studio ADU conversion.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The 1905 construction may require specialized and potentially costly upkeep to preserve its original Craftsman integrity and meet historical preservation standards.
Given the age of the main home and the 1980s construction of the rear unit, buyers should anticipate additional investment for modernizing systems and interior finishes.
First time listed since 1937, the Haskins-Skinner home is steeped in history! This is a well preserved example of early Craftsman architecture and master carpentry and a real contender for Mills Act for architecture and former residents. The home features a large kitchen with two pantries, a huge dining room, a parlor and a large living room with fireplace. There is also a generous laundry room next to the kitchen. On the ground floor there is a half bath and a beautiful wrap-around porch. The second level is accessed by a graceful staircase as well as a second service staircase from the kitchen. There are 3 large bedrooms, one with ensuite bathroom, another with access to a large veranda, and a common bathroom. The rear building was constructed in the early 1980s and consists of 5 garage bays, a 525 sf rec-room with a full bath and walk-in closet. This could potentially be converted to a large studio apartment or 1 bedroom. Above the garages there is a 1,000 sf apartment with 3 bedrooms and 1.5 baths currently rented for $3,725. This property is great for multi generational living. The last 5 photos are of the interior of the rec-room which could make a great studio with the addition of a kitchenette.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 3.0 | 2.2 |
| Square foot | 2,630 | 1,752.269 |
| Lot Size | 9,371 | 6,446.159 |
| Price | $3.00M | $1.27M |
| Price per sq ft | $1.1K | $736 |
| Built year | 1905 | 1971 |
| HOA | $0 | $186 |
| Days on market | 34 | 41 |
Sep 21, 2026
$3,000,000
Initial Listing