2126 San Clemente Street, Point Loma, California 92107, Point Loma, 92107 - 0 bed, 0 bath
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Point Loma, California 92107
Analysis of 2126 San Clemente Street, Point Loma, California 92107 is currently available with a list price of $1,100,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Point Loma Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property, built in 1950, is described as an 'unoccupied 1950's duplex' and is being marketed as a '4 unit condo development opportunity.' The provided images of the existing structure show it in a severe state of disrepair, with exterior siding removed, exposed framing, and debris, indicating it is unlivable and likely beyond repair. The value is clearly in the land and the approved development plans, not the current structure.
This property presents a rare and significant opportunity for a 4-unit condo development in a highly desirable area.
Situated in the heart of Point Loma, the location offers strong market appeal and potential for high demand for future condo units.
Architectural and engineering plans for four spacious condos have already been submitted to the city and reviewed, significantly reducing initial development time and risk.
The project requires substantial capital investment, time, and management for demolition of the existing duplex and new construction of four condo units.
Plans have received comments from the city after the first plan check, indicating further revisions and resubmission will be required before final approval.
The property currently features an unoccupied 1950s duplex, which will likely require demolition, incurring additional costs and potential environmental considerations.
This property is a 4 unit condo development opportunity in the heart of Pt Loma! Currently an unoccupied 1950's duplex sits on the property. Architectural and engineering plans have been submitted to the city with comments returned to the engineer after the first plan check. The submitted plans are for four spacious condominiums ranging from 1,624 square feet to 2,052 square feet each including 4 and 5 bedrooms (4 bath) units. The current layout embraces a student housing concept that has worked well for the seller. The interior design can currently be reworked to accommodate the buyers own concept for the layout of each unit. All architectural and engineering plans transfer to buyer at close of escrow. This is a rare opportunity. Call broker for further details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 968 | 2,340 | 33% |
| Lot Size | 6,729 | 6,415 | 67% |
| Price | $1.10M | $1.45M | 33% |
| Price per sq ft | $1.1K | $667 | 67% |
| Built year | 1950 | 1960 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 1280 | 338 | 0% |
Oct 20, 2022
$1,100,000
Initial Listing