2343 Cecelia Ter, San Diego, California 92110, San Diego, 92110 - 3 bed, 1 bath
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San Diego, California 92110
This property presents a High-Potential Investment Opportunity with a List Price of $1,300,000—positioned well below the $1,134,941 Fair Market Value by -14%. While the property currently holds a Condition Rating of 6 as a shell, it offers a shovel-ready path to value creation with approved plans for a 2,241 sq ft residence. Located in the desirable Bay Park neighborhood near Bay Park Elementary (9/10), this asset is ideal for Fix-and-Flip Investors or Contractors seeking to capitalize on significant canyon-view development potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2343 Cecelia Ter Subject | $1,300,000* List Price | 3 | 1 | 1,285 | $883 | - |
A 2001 Erie St Sold | $1,211,000 | 3 | 1 | 1,303 | $929 | 0.4 mi |
B 2747 Fairfield St Pending | $975,000 List Price | 4 | 1 | 1,302 | $749 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1951 and currently stripped down to the studs, the structure is unlivable and lacks a kitchen, bathrooms, or functional systems. It is being sold primarily for land value and the included architectural plans and permits.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8200, living area = 1285.
Elementary School: Bay Park Elementary School (9/10).
The property includes approved plans and permits for a 2,241 sq ft home, saving the buyer significant time, architectural fees, and administrative hurdles typically associated with San Diego's permitting process.
The property is currently a shell in 'down to the studs' condition, meaning it requires immediate and substantial capital investment and construction before it can be occupied.
Due to the lack of functional living space, the property will likely not qualify for traditional conventional financing, necessitating a cash buyer or a specialized construction loan.
Fantastic canyon view opportunity in the highly desirable Bay Park neighborhood. This property comes with plans for a stunning 2,241 sq ft home featuring 3 bedrooms, 3.5 bathrooms, plus a versatile bonus room ideal for a guest suite, den, or office. Each bedroom is designed with its own en-suite bathroom for ultimate comfort and privacy. The seller has already taken the property down to the studs and invested in plans and permits—saving the new owner significant time and cost, ready to start building. Contractor bids are available indicating construction costs below $265 per sq ft, offering excellent value. Enjoy a quiet street setting and the chance to design your dream indoor/outdoor space with beautiful canyon views. Contact listing agent for details. Drive by only.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 15% |
| Square foot | 1,285 | 1,644 | 28% |
| Lot Size | 8,200 | 6,250 | 87% |
| Price | $1.30M | $1.51M | 33% |
| Price per sq ft | $1.0K | $955 | 59% |
| Built year | 1951 | 1956 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 102 | 10% |
May 19, 2026
$1,300,000
Initial Listing
Nov 18, 2024
$1,255,000
Public Record