
San Diego, California 92102
This High-Potential Investment Opportunity is a rent-ready duplex listed at $975,000, positioned slightly above the $961,980 Fair Market Value. Featuring a Condition Rating of 2, this asset offers immediate cash flow with modern interiors and new systems. The property’s Non-Historic Determination and Complete Communities eligibility provide a clear path for high-density redevelopment or ADU expansion. With its prime Golden Hill location and proximity to major transit, this is a strategic acquisition for Buy-and-Hold Investors or Infill Developers seeking long-term growth.
Property is new construction or fully renovated.
The property is a completely remodeled duplex featuring a recent renovation (likely <5 years) with modern shaker cabinets, quartz countertops, stainless steel appliances, and fully updated bathrooms with contemporary tile and fixtures. The interior is in mint, rent-ready condition with new flooring and paint throughout.
Elementary School: McKinley Elementary School (9/10).
The property features a rare Non-Historic Determination valid through 2027 and qualifies for the Complete Communities program, providing a clear and expedited path for high-density redevelopment or ADU expansion.
Completely remodeled and rent-ready, this duplex offers immediate cash flow with modern interiors, new water heaters, and dedicated laundry hookups, minimizing initial capital expenditure for investors.
With only 1,317 total square feet divided between two units, the individual living spaces are relatively compact, which may cap the maximum rental income potential compared to larger multi-family assets.
Several assigned public schools in the immediate area carry lower performance ratings (3/10 and 4/10), which could be a deterrent for long-term family tenants seeking premium educational districts.
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 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.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,317 | 1,837.516 |
| Lot Size | 4,868 | 6,134.732 |
| Price | $975.0K | $1.07M |
| Price per sq ft | $740 | $623 |
| Built year | 1953 | 1975 |
| HOA | $0 | $365 |
| Days on market | 6 | 55 |
Sep 3, 2026
$975,000
Initial Listing
Nov 5, 2012
$430,000
Public Record
Nov 5, 1998
$145,000
Public Record