2463 Rancho Drive, San Diego, California 92139, San Diego, 92139 - 3 bed, 2 bath
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San Diego, California 92139
This property presents a High-Potential Investment Opportunity with a List Price of $720,000—positioned well above the $636,811 Fair Market Value by -13%. While the property requires significant rehabilitation due to its Fair Condition Rating, the R-2 Zoning and expansive 7,200 sqft lot provide substantial upside for ADU development. This asset is a strategic acquisition for Buy-and-Hold Investors or Contractors capable of navigating deferred maintenance to unlock the long-term rental potential of this San Diego location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2463 Rancho Drive Subject | $720,000* List Price | 3 | 2 | 1,185 | $537 | - |
A 2595 Calle Tres Lomas Sold | $650,000 | 3 | 2 | 1,233 | $527 | 0.4 mi |
B 2849 Beatrice Street Sold | $626,535 | 4 | 2 | 1,361 | $460 | 0.8 mi |
C 6228 Calle Pavana Sold | $619,000 | 3 | 2 | 1,136 | $545 | 0.5 mi |
D 2735 Kausman Street Sold | $730,000 | 3 | 2 | 968 | $754 | 0.7 mi |
E 5754 Potomac St Sold | $650,000 | 2 | 1 | 1,260 | $516 | 0.4 mi |
F 2642 Calle Quebrada Active | $830,000 List Price | 3 | 2 | 1,157 | $717 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948 with no evidence of recent major renovations, this property is described as needing 'sweat equity' and 'vision.' The bathroom is dated, the exterior shows wear, and the overall condition suggests a need for significant rehabilitation rather than minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7200, living area = 1185.
The R-2 zoning on a generous 7,200 sqft lot provides significant opportunities for an ADU, multi-generational living, or additional rental income.
Conveniently situated near Paradise Hills Plaza, offering residents easy access to local shopping, dining, schools, and major transportation routes.
Marketed as a 'sweat equity' project, the home likely requires a substantial financial investment and labor to address deferred maintenance.
With a build date of 1948, the property may feature outdated electrical, plumbing, or mechanical systems that require costly upgrades to meet modern codes.
Opportunity awaits in the desirable Paradise Hills Plaza area! This property is ready for a buyer with vision, creativity, and a little sweat equity. Bring your imagination and unlock the potential this home and expansive lot have to offer. Situated on an R-2 zoned lot, the property offers ample space and exciting potential for an ADU, multigenerational living, or additional income opportunities. Buyer to verify all uses and development requirements. Conveniently located near shopping, dining, schools, and major transportation routes. Don’t miss the chance to transform this property into something truly special!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,185 | 1,777 |
| Lot Size | 7,200 | 6,600 |
| Price | $720.0K | $1.24M |
| Price per sq ft | $608 | $743 |
| Built year | 1948 | 1972 |
| HOA | $0 | $200 |
| Days on market | 33 | 39 |
Jun 19, 2026
$720,000
Initial Listing
May 27, 2016
$390,000
Public Record
Jul 28, 2003
$302,000
Public Record
Jun 22, 2001
$201,000
Public Record