
San Diego, California 92103
This property presents a Strong Value Opportunity with a List Price of $1,175,000—positioned well below the $1,299,431 Fair Market Value by 9%. This valuation gap offers $124,431 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers significant upside through its RM-2-5 Zoning and Complete Communities Tier 2 eligibility. With Panoramic Bay and Ocean Views and a 400 sq. ft. permitted sunroom, this is a Value-Add Investor or Developer asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1610 Winder Street Subject 3 bd · 2 ba · 1,262 sqft · $931 | $1,075,000* List Price | 3 | 2 | 1,262 | $931 | - |
A 1103 Sutter Sold 3 bd · 2 ba · 1,248 sqft · $705 · 0.3 mi | $880,000 | 3 | 2 | 1,248 | $705 | 0.3 mi |
B 2691 Reynard Sold 2 bd · 2 ba · 1,066 sqft · $937 · 0.9 mi | $999,000 | 2 | 2 | 1,066 | $937 | 0.9 mi |
C 4251 Ibis Street Sold 2 bd · 2 ba · 1,300 sqft · $1,058 · 0.8 mi | $1,375,000 | 2 | 2 | 1,300 | $1,058 | 0.8 mi |
D 3775 Goldfinch Street Sold 3 bd · 2 ba · 1,408 sqft · $781 · 0.5 mi | $1,100,000 | 3 | 2 | 1,408 | $781 | 0.5 mi |
E 4122 1st Sold 3 bd · 1 ba · 1,454 sqft · $798 · 1.0 mi | $1,160,000 | 3 | 1 | 1,454 | $798 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1927, this property is nearly a century old and shows highly dated interiors, kitchens, and finishes. The listing description explicitly notes that the price reflects the condition and heavily emphasizes major renovation, ADU potential, or complete redevelopment due to its favorable zoning, indicating it requires a comprehensive rehab.
The property offers stunning, unobstructed views of the San Diego Bay, Pacific Ocean, Point Loma, and city lights, significantly enhancing its market value and aesthetic appeal.
Zoned RM-2-5 and eligible for Complete Communities Tier 2, the lot allows for a density bonus and an FAR up to 8.0, making it a prime candidate for multi-unit expansion or redevelopment.
An additional 400-square-foot permitted sunroom, not included in the listed living area, provides valuable extra space for a home office, studio, or extended living room.
The home is situated high above street level and requires climbing multiple stairs for entry, which may be a deterrent for buyers seeking easy accessibility or single-level living.
The listing indicates the price reflects the home's current state, suggesting that the 1927 structure requires significant renovation or modernization to reach its full potential.
$1MM+ views that come with a house! Perched high above the street (yes, there are stairs!) with bay | ocean | Point Loma | North Island | airport VIEWS where you can almost literally see if your ship/plane has come in!?! With this active day/night view, just up the street proximity to local and well-known establishments like Shakespeare Pub, El Indio and Blue Water Seafood Market & Grill, and leisure/work access to San Diego International Airport practically at your doorstep, the world is your oyster! High ceilings and large picture windows frame the views from your spacious living room. BONUS almost 400 sq. ft. permitted sunroom is not included in total living square footage shown in the listing. Price is reflective of the condition but Zoned RM-2-5 with further potential density bonus from Complete Communities eligible Tier 2 FAR up to 8.0. Renovate the existing home with additional units starting at street level? ADU's? Or possibly a grander vision of your choosing? Imagine the possibilities!
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.6 mi
Grades K-4 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,262 | 1,752.269 |
| Lot Size | 6,006 | 6,446.159 |
| Price | $1.07M | $1.27M |
| Price per sq ft | $852 | $736 |
| Built year | 1927 | 1971 |
| HOA | $0 | $186 |
| Days on market | 29 | 41 |
Oct 20, 2026
$1,075,000
$1,175,000
-9% Price Drop
Initial Listing
Sep 26, 2026
$1,175,000
Initial Listing
Nov 15, 2012
$628,000
Public Record
Apr 1, 1996
$17,000
Public Record