2432 34 Rancho Drive, San Diego, California 92139, San Diego, 92139 - 4 bed, 2 bath
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2432 34 Rancho Drive
San Diego, California 92139
ACTIVE
CONDITION: POOR
4Beds
2Baths
1,651Sq Ft
8,506Lot Size
Property Price
LIST PRICE$790,000
EST. MARKET VALUE
$686,628
15% AboveMARKET VALUE
SUMMARY
This duplex presents a High-Potential Investment Opportunity with a List Price of $790,000—positioned well above the $686,629 Fair Market Value by -15%. While the property requires significant capital expenditure due to its Fair Condition Rating and aging infrastructure, the expansive 8,506-square-foot lot offers substantial upside for ADU development. Featuring elevated city light views, this asset provides a versatile foundation for rental income. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors capable of executing a comprehensive value-add renovation.
Estimated Market Value
$686,628
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 |
|---|---|---|---|---|---|---|
★ 2432 34 Rancho Drive Subject 4 bd · 2 ba · 1,651 sqft · $416 | $790,000* List Price | 4 | 2 | 1,651 | $416 | - |
A 38 Reo Dr. Sold 4 bd · 2 ba · 2,174 sqft · $410 · 0.1 mi | $892,000 | 4 | 2 | 2,174 | $410 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1947 and showing significant signs of age with no evidence of recent renovations. The exterior features dated stucco, older windows with security bars, and neglected landscaping. Given the property is nearly 80 years old, it likely requires a full rehab of the kitchen, bathrooms, and major systems (HVAC/Electric) to meet modern safety and functional standards.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
As a duplex in the San Diego market, this property offers a versatile investment opportunity for rental income or a house-hacking strategy for owner-occupants.
- Expansive Lot Size
The generous 8,506-square-foot lot provides significant outdoor space and potential for future value-add projects, such as the addition of an Accessory Dwelling Unit (ADU).
- Desirable City Views
The property features elevated views of the city lights and neighborhood, providing an aesthetic advantage that enhances tenant appeal and overall property value.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally built in 1947, the property likely requires updates to major systems and may have deferred maintenance typical of older structures.
- Low Bathroom-to-Bedroom Ratio
With only two bathrooms serving four bedrooms across two units, the configuration may be less competitive for modern families or high-end rental demand.
About 2432 34 Rancho Drive
Great opportunity to own a duplex in the established Paradise Hills community of San Diego, California. This property features two separate living units, offering flexibility for an investor, owner-occupant, or multigenerational living. Currently tenant occupied with existing tenancies that will transfer with the sale, subject to the applicable rental agreements and law. Conveniently located near shopping, dining, schools, parks, public transportation, and major San Diego freeways. The property is offered and will be sold in its present “AS-IS” condition. Buyers are encouraged to conduct their own independent due diligence regarding the property, rental agreements, rents, expenses, zoning, and future use. IMPORTANT SHOWING INSTRUCTIONS: "PLEASE use SHOWING TIME", or call listing agent. Property is tenant occupied. Please do not disturb the tenants or enter the property without a CONFIRMED appointment. AVAILABLE SHOWING WINDOWS: • Sunday, November 1, 2026 | 11:30 AM–2:30 PM • Saturday, November 7, 2026 |1:30 PM–3:30 PM All showings must be scheduled and confirmed in advance. At least 24 hours’ advance notice is requested.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1947
- Lot Size
- 8,506 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.9 |
| Baths | 2.0 | 3.1 |
| Square foot | 1,651 | 1,907.722 |
| Lot Size | 8,506 | 6,135.853 |
| Price | $790.0K | $1.09M |
| Price per sq ft | $478 | $597 |
| Built year | 1947 | 1971 |
| HOA | $0 | $365 |
| Days on market | 10 | 62 |
Pricing History
Listed for Sale
Oct 15, 2026
$790,000
Initial Listing
Sold
Aug 10, 2010
$245,000
Public Record