
San Diego, California 92114
This Redevelopment Asset is listed at $599,000, currently priced at its $580,426 Fair Market Value. Situated on an Expansive 0.5-Acre Hillside Lot, the property holds a Severely Distressed Condition Rating, making it a definitive land-value play or total reconstruction project. The parcel features Valley and Mountain Views and significant High Available Lot Utilization for potential ADU development. Serving the San Diego Unified School District near San Altos Elementary, this high-potential site is a strategic acquisition for Fix-and-Flip Investors and Developers seeking to capitalize on a rare, large-scale San Diego lot.
Property is land value only, full reconstruction required.
The property is in a severely distressed and unlivable condition, as evidenced by boarded-up windows, exposed structural framing, and a weathered exterior. Built in 1948 with no apparent renovations, the listing explicitly describes it as a redevelopment opportunity or land value play, indicating the structure is likely beyond cost-effective repair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22057, living area = 1010.
The property sits on a rare 0.5-acre (22,057 sqft) hillside parcel, offering significant space for redevelopment, large-scale landscaping, or the addition of multiple accessory dwelling units (ADUs).
As a designated builder/fixer opportunity, the site provides a blank canvas for investors to maximize land value through a complete custom rebuild or a major modern renovation.
The existing 1948 structure is in poor condition and requires a total overhaul or demolition, which will necessitate a substantial capital investment beyond the purchase price.
Due to the distressed state of the home, the property is likely ineligible for traditional financing, limiting the buyer pool primarily to cash investors or hard money borrowers.
Investor/builder/fixer opportunity seated on an expansive 1/2 acre hillside parcel. Existing home is in distressed condition and offers strong potential for redevelopment, renovation, or land value play. Tucked away on a large lot with mature trees, open space, and a rural feel, yet still close to city conveniences. Ideal for builders and cash buyers seeking a project in a convenient location with exceptional potential.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades K-5 • 1.0 mi
Grades 6-8 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 7% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,010 | 1,400 | 14% |
| Lot Size | 22,057 | 6,200 | 96% |
| Price | $599.0K | $762.0K | 11% |
| Price per sq ft | $593 | $534 | 66% |
| Built year | 1948 | 1962 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 153 | 3% |
Apr 9, 2026
$599,000
Initial Listing