1840 Locust St, San Diego, California 92106, San Diego, 92106 - 4 bed, 2 bath
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San Diego, California 92106
This Single Family Residence represents a Strong Value Opportunity, listed at $1,398,000—positioned well below the $1,541,213 Fair Market Value by 9%. This valuation gap offers $143,213 in Instant Equity. Featuring a newly remodeled kitchen and a versatile bonus room, the property maintains a Condition Rating of 3. Its corner lot provides significant potential for an ADU, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation in a prime Point Loma coastal location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1840 Locust St Subject | $1,398,000* List Price | 4 | 2 | 1,658 | $930 | - |
A 3046 Whittier Street Sold | $1,705,000 | 3 | 2 | 1,700 | $1,003 | 0.4 mi |
B 3120 Poe Street Sold | $1,525,000 | 3 | 2 | 1,530 | $997 | 0.1 mi |
C 3614 Wawona Dr Sold | $1,200,000 | 3 | 2 | 1,386 | $866 | 0.4 mi |
D 3512 Browning St Sold | $1,575,000 | 3 | 3 | 1,574 | $1,001 | 0.8 mi |
E 3219 Hugo Sold | $1,327,000 | 2 | 2 | 1,374 | $966 | 0.4 mi |
F 3628 Poe Street Sold | $1,500,000 | 3 | 3 | 1,995 | $752 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property features a high-end, newly remodeled kitchen with modern stone countertops and updated flooring throughout. While the core living areas are move-in ready and recently updated, the 1960 build date and a dated bonus room with wood paneling and drop ceilings prevent an 'Excellent' rating.
Situated in the highly desirable Point Loma neighborhood, this property offers exceptional proximity to Liberty Station, the harbor, and San Diego’s premier coastal dining and recreation.
The home features a newly remodeled kitchen with stone countertops and stainless steel appliances, complemented by updated flooring and recessed lighting, providing a move-in-ready aesthetic.
The generous corner lot provides significant upside for future expansion or the addition of an ADU, offering excellent long-term value and income potential for investors or growing families.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
At 5,072 square feet, the lot size is relatively modest for the price point, which may limit extensive outdoor landscaping or large-scale footprint expansions.
Originally built in 1960, the property may require ongoing maintenance or upgrades to underlying mechanical and plumbing systems typical of homes from this era, despite the recent cosmetic renovations.
Welcome to Point Loma living in this beautifully updated corner-lot home just minutes from the ocean, harbor, Liberty Station, and some of San Diego’s best coastal dining and recreation. This charming single-family residence blends classic character with thoughtful modern upgrades while offering exceptional potential for future expansion or customization. The newly remodeled kitchen showcases sleek modern cabinetry, dramatic stone countertops and backsplash, stainless steel appliances, and a clean contemporary design that perfectly balances style and functionality. Spacious living areas are filled with natural light, complemented by updated flooring, recessed lighting, abundant built-in storage, and an open, comfortable layout ideal for everyday living and entertaining. A versatile bonus room featuring a custom built-in bar creates the perfect space for a game room, lounge, office, or media retreat. The generous corner lot provides added privacy, outdoor potential, and ample space for enhancements such as expanded outdoor living areas or the addition of an ADU, creating additional value and income potential. Situated in a well-established neighborhood near top-rated schools, shopping, dining, and endless coastal recreation, this property presents a rare opportunity for homeowners, investors, or buyers seeking a move-in-ready home with long-term upside in one of San Diego’s most sought-after communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 58% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 1,658 | 2,258.5 | 24% |
| Lot Size | 5,072 | 5,249.6 | 40% |
| Price | $1.40M | $1.83M | 11% |
| Price per sq ft | $843 | $927 | 32% |
| Built year | 1960 | 1954 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 118 | 19% |
May 14, 2026
$1,398,000
Initial Listing