
San Diego, California 92139
This property presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned well below the $830,923 Fair Market Value by 4%. This valuation gap offers $35,923 in Instant Equity. Featuring a Mint Condition Rating and City Lights Views, the home includes pre-paid capacity fees for two additional units, maximizing Development Potential. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate rental income and long-term equity growth in a prime San Diego submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2585 Deauville Street Subject | $795,000* List Price | 4 | 2 | 1,412 | $588 | - |
A 2862 Keen Drive Sold | $900,000 | 4 | 3 | 1,550 | $581 | 0.9 mi |
B 2862 Callejon Sold | $750,000 | 3 | 3 | 1,480 | $507 | 0.2 mi |
C 5909 Albemarle St Sold | $680,000 | 3 | 2 | 1,346 | $505 | 0.4 mi |
D 5819 Roanoke St Sold | $800,000 | 4 | 3 | 1,628 | $491 | 0.1 mi |
E 6295 Calle Pavana Sold | $799,000 | 3 | 2 | 1,377 | $580 | 0.8 mi |
F 5935 Schuyler St Sold | $830,000 | 4 | 2 | 1,281 | $648 | 0.5 mi |
G 2951 Manos Drive Sold | $805,000 | 3 | 2 | 1,409 | $571 | 0.5 mi |
H 2565 Hopkins St Sold | $857,200 | 3 | 2 | 1,259 | $681 | 0.1 mi |
I 2346 Saipan Drive Active | $799,999 List Price | 3 | 2 | 1,275 | $627 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1961, the home has undergone a recent high-end renovation (likely <5 years) featuring modern wide-plank flooring, recessed lighting, updated doors/hardware, and fresh paint throughout. The exterior shows new artificial turf and a clean facade, qualifying it as turnkey and in mint condition despite the active construction for additional units on the lot.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7300, living area = 1412.
The property includes plans and pre-paid capacity fees for two additional two-bedroom units, offering significant equity upside and multi-unit rental potential.
The main residence is move-in ready and features desirable city light views, allowing for immediate market-rate rental income or owner-occupancy.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The presence of an active construction area behind the main house may cause noise disturbances and safety concerns for immediate residents.
Built in 1961, the property may have aging core systems typical of its era that could require future maintenance despite the turnkey cosmetic status.
Triplex Opportunity:Attention ARV, 1031 tax-deferred, junior, and senior investor buyers: This is a rare opportunity to own a turnkey view home that can easily be rented at current market pricing with plans for two additional units. The current owner has already invested tens of thousands of dollars in construction costs, plan review, and capacity fees. Adding two two-bedroom units provides immediate upside, increased equity, and flexible rental income potential. The home’s proximity to schools, grocery stores, restaurants, hospitals, major roadways, and the beach further enhances its location appeal in one of San Diego’s most desirable residential submarkets. Use care and caution when visiting, as there is an active construction area behind the main house.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,412 | 1,777 |
| Lot Size | 7,300 | 6,600 |
| Price | $795.0K | $1.24M |
| Price per sq ft | $563 | $743 |
| Built year | 1961 | 1972 |
| HOA | $0 | $200 |
| Days on market | 11 | 39 |
Jul 11, 2026
$795,000
Initial Listing
Jun 23, 2008
$267,000
Public Record