2325 Palermo, San Diego, California 92106, San Diego, 92106 - 5 bed, 3 bath
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San Diego, California 92106
This Turnkey Spanish Classic is a Strong Value Opportunity, listed at $1,795,000—positioned well below the $1,898,727 Fair Market Value by 5%. This valuation gap offers $103,727 in Instant Equity. Featuring an Excellent Condition Rating with a modern kitchen and ductless HVAC, the home offers stunning ocean views and significant ADU potential. Located near top-rated schools like Point Loma High, this property is an ideal fit for growing families or owner-occupants seeking a move-in ready coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2325 Palermo Subject | $1,795,000* List Price | 5 | 3 | 2,301 | $825 | - |
A 3031 Ibsen Street Sold | $2,125,000 | 4 | 3 | 2,443 | $870 | 0.8 mi |
B 3021 Freeman Street Sold | $1,850,000 | 4 | 4 | 2,324 | $796 | 0.7 mi |
C 3628 Poe Street Sold | $1,500,000 | 3 | 3 | 1,995 | $752 | 0.4 mi |
D 3614 Plumosa Dr Sold | $1,650,000 | 3 | 2 | 1,849 | $892 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1931, the property has undergone a comprehensive recent renovation. Visuals and description confirm a newer kitchen, updated bathrooms, modern wide-plank flooring, and upgraded systems including ductless mini-split HVAC units, placing it in mint, move-in ready condition.
With 5 bedrooms and a flexible floorplan, this property is an exceptionally rare find in Point Loma, providing ample space for large families or multigenerational living.
This 1931 Spanish Classic preserves its timeless character with signature arches and offers stunning ocean views from the upstairs living spaces.
The property features a large detached garage and an oversized driveway, offering significant potential for a workshop, studio, or a future ADU conversion.
Built in 1931, the home may require more intensive long-term maintenance or infrastructure updates common to vintage properties, despite recent interior renovations.
Located only 0.13 miles from Point Loma High School, the immediate area experiences high traffic volume, noise, and parking congestion during school hours and events.
Rare opportunity to own a true Point Loma Classic, offered for the first time in decades. With 5 bedrooms and 3 bathrooms, this is an exceptionally rare opportunity in one of San Diego’s most sought-after coastal communities where larger homes are hard to come by. Rich in character and timeless charm, the home showcases the classic Spanish architecture Point Loma is known for, including beautiful arches, warm character details, and stunning ocean views from the upstairs living spaces. Lovingly maintained and updated over the years, the home features a newer kitchen, updated bathrooms, and a flexible floorplan with space for growing families, guests, or multigenerational living. The spacious yard offers room to relax, entertain, or create your dream outdoor retreat, while the oversized driveway provides abundant off-street parking. A large detached garage adds even more potential and could serve as a workshop, gym, studio, flex space, or possible future ADU. Homes with this combination of size, charm, views, and opportunity rarely become available in Point Loma.
No exterior & parking available.
Grades K-4 • 0.4 mi
Grades 7-8 • 0.5 mi
Grades 5-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 88% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,301 | 2,281 | 51% |
| Lot Size | 6,800 | 5,283 | 68% |
| Price | $1.79M | $1.83M | 46% |
| Price per sq ft | $780 | $927 | 22% |
| Built year | 1931 | 1953 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 119 | 19% |
May 29, 2026
$1,795,000
Initial Listing