1936 38 Broadway, San Diego, California 92102, San Diego, 92102 - 0 bed, 0 bath
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San Diego, California 92102
This Turnkey Multi-Family Asset is listed at $1,150,000, representing a strategic entry into the Golden Hill market following a recent price adjustment. While the current $931,586 Fair Market Value reflects the existing footprint, the property’s Condition Rating of 2 and eligibility for the Complete Communities program offer substantial future development upside. Featuring a fully remodeled duplex with a private patio and a confirmed Non-Historic Determination, the asset is primed for immediate rental income or high-density redevelopment. This is an exceptional opportunity for Owner-Occupants seeking a mortgage helper or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1936 38 Broadway Subject | $1,150,000* List Price | 0 | 0 | 1,317 | $715 | - |
A 441 443 N 41st Street Sold | $890,000 | 0 | 0 | 1,440 | $618 | 0.8 mi |
B 52-3950 C Street Active | $850,000 List Price | 0 | 0 | 1,386 | $613 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1953, this duplex has undergone an extensive recent renovation that brings it to a like-new condition. The interiors feature new luxury vinyl plank flooring, fresh paint, and updated recessed lighting. The kitchens are fully modernized with new white shaker-style cabinetry, butcher block countertops, and stainless steel appliances. Functional upgrades include new water heaters, updated vinyl windows, and new laundry hookups, leaving no visible deferred maintenance and making the property fully turnkey.
The property qualifies for the Complete Communities program and has a confirmed Non-Historic Determination valid until 2027, streamlining the path for high-density infill or ADU expansion.
Both units are completely remodeled and rent-ready with new water heaters and laundry hookups, allowing for immediate cash flow without the need for initial capital improvements.
Situated in the highly desirable Golden Hill neighborhood, the property offers exceptional proximity to Downtown San Diego, Balboa Park, and major freeway corridors.
At a list price of $1,375,000 for 1,317 square feet, the valuation is heavily weighted toward future development potential rather than the existing structure's footprint.
While development schemes are provided, they are conceptual only and have not been submitted for approval, leaving the buyer to navigate the permitting risk and costs.
With only one garage space for two units, parking may become a constraint for tenants or future residents in this high-density urban area.
Completely remodeled and rent-ready duplex in the heart of Golden Hill, situated on an oversized lot with excellent development potential, including ADU’s as one of several options. This versatile opportunity allows for immediate rental income, expand the existing structures, or leverage the Complete Communities program to create a small-to-mid-sized infill development project. The City of San Diego has confirmed the property’s Non-Historic Determination as of 2022. Therefore, no historic report is required, and the determination is valid for five years, providing a clear path for redevelopment and future project planning. Just minutes from Downtown San Diego, Balboa Park, and major freeways, this property offers excellent convenience. The front, street level unit features 1 BR, 1 BA, and an eat in kitchen. The rear upstairs unit offers 2 BR, 1 BA. Under the rear the unit is a basement that could be utilized as extra storage. Each unit enjoys the added benefits of new water heaters and laundry hookups. Onsite, there is a one-car garage and additional off-street parking. The attached development schemes are conceptual ideas only, they have not been submitted for approval. Please refer to the attached document. An excellent opportunity to own a flexible, high potential property in one of San Diego’s most desirable urban neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,317 | 1,962 |
| Lot Size | 4,868 | 7,200.5 |
| Price | $1.15M | $984.4K |
| Price per sq ft | $873 | $614 |
| Built year | 1953 | 1979 |
| HOA | $0 | $374 |
| Days on market | 232 | 43 |
Apr 25, 2026
$1,150,000
$1,275,000
-10% Price Drop
Initial Listing
Mar 19, 2026
$1,275,000
$1,375,000
-7% Price Drop
Initial Listing
Dec 2, 2025
$1,375,000
Initial Listing