242 Old Oak Dr., San Diego, California 92114, San Diego, 92114 - 3 bed, 2 bath
Loading property details...
242 Old Oak Dr.
San Diego, California 92114
ACTIVE
CONDITION: FAIR
3Beds
2Baths
966Sq Ft
5,598Lot Size
Property Price
LIST PRICE$600,000
EST. MARKET VALUE
$613,054
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $600,000—positioned well below the $613,054 Fair Market Value by 2%. This valuation gap offers $13,054 in Instant Equity for buyers. With a Condition Rating of 4, the home requires significant cosmetic updates, yet the 5,598 SF flat lot provides excellent potential for an ADU. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking to build value through renovation in an established San Diego neighborhood.
Estimated Market Value
$613,054
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 242 Old Oak Dr. Subject 3 bd · 2 ba · 966 sqft · $635 | $600,000* List Price | 3 | 2 | 966 | $635 | - |
A 138 Old Oak Sold 3 bd · 2 ba · 959 sqft · $584 · 0.1 mi | $560,000 | 3 | 2 | 959 | $584 | 0.1 mi |
B 7715 Borrego Street Sold 3 bd · 2 ba · 1,162 sqft · $504 · 0.6 mi | $585,535 | 3 | 2 | 1,162 | $504 | 0.6 mi |
C 7549 Black Oak Sold 3 bd · 2 ba · 1,204 sqft · $606 · 0.2 mi | $730,000 | 3 | 2 | 1,204 | $606 | 0.2 mi |
D 7602 Woodbine Way Sold 3 bd · 2 ba · 1,024 sqft · $684 · 0.2 mi | $700,000 | 3 | 2 | 1,024 | $684 | 0.2 mi |
E 7917 Brookhaven Rd Sold 3 bd · 2 ba · 1,040 sqft · $638 · 0.5 mi | $663,000 | 3 | 2 | 1,040 | $638 | 0.5 mi |
F 8430 Noeline Ave Sold 3 bd · 2 ba · 1,140 sqft · $658 · 0.7 mi | $750,000 | 3 | 2 | 1,140 | $658 | 0.7 mi |
G 619 Meadowbrook Dr. Sold 3 bd · 2 ba · 964 sqft · $762 · 0.3 mi | $735,000 | 3 | 2 | 964 | $762 | 0.3 mi |
H 7889 Bloomfield Rd Sold 3 bd · 2 ba · 964 sqft · $705 · 0.3 mi | $680,000 | 3 | 2 | 964 | $705 | 0.3 mi |
I 7515 Black Oak Active 3 bd · 2 ba · 964 sqft · $674 · 0.1 mi | $649,900 List Price | 3 | 2 | 964 | $674 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1962, the property is over 60 years old and shows significant dating, including popcorn ceilings and unmaintained landscaping. While the interior features some newer laminate flooring and a basic bathroom vanity replacement, the listing explicitly calls for 'vision' and 'updates,' indicating the home needs cosmetic modernization and likely system overhauls to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Competitive Entry-Level Pricing
Priced at $600,000, this property represents a rare and affordable opportunity to own a detached single-family home in the San Diego market, ideal for first-time buyers or investors.
- Generous Flat Lot
The nearly 6,000 SF flat lot offers significant versatility for outdoor living, gardening, or the potential addition of an Accessory Dwelling Unit (ADU).
- Functional Infrastructure
The home includes a desirable attached 2-car garage and a well-designed floor plan, providing a solid foundation for a modern refresh.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5598, other record lot size in square feet = 6000.
- Significant Renovation Required
The property is explicitly marketed as needing updates and personal touches, indicating that buyers should budget for immediate capital improvements and repairs.
- Compact Living Space
At just 966 square feet for a 3-bedroom, 2-bathroom configuration, the interior living areas and bedrooms may feel undersized for some families.
About 242 Old Oak Dr.
Bring your vision to 242 Old Oak Drive! Situated in Skyline, an established centrally located San Diego neighborhood, this home offers a well-designed floor plan and an attached 2-car garage. Ready for updates and personal touches, this home presents an exciting opportunity to refresh the space to reflect your style. A generous 5,998 SF flat lot offers room to imagine outdoor entertaining, gardening, or a relaxing retreat. With a practical layout and inviting possibilities inside and out, come make this home your own! Priced to sell at $600,000 imagine owning a single-family detached home in beautiful San Diego, where coastal beauty, vibrant communities, and year-round outdoor living make calling this city home something truly special.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 5,598 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Freese Elementary School
Grades K-5 • 0.5 mi
6/10
Boone Elementary School
Grades K-5 • 0.7 mi
4/10
Audubon K-8
Grades K-8 • 0.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 966 | 1,752.269 |
| Lot Size | 5,598 | 6,446.159 |
| Price | $600.0K | $1.27M |
| Price per sq ft | $621 | $736 |
| Built year | 1962 | 1971 |
| HOA | $0 | $186 |
| Days on market | 6 | 41 |
Pricing History
Listed for Sale
Oct 19, 2026
$600,000
Initial Listing