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2679 81 Tern Dr, San Diego, California 92123, San Diego, 92123 - 6 bed, 4 bath

2679 81 Tern Dr, San Diego, California 92123 home-pic-0
ACTIVE$1,300,000$2,004/sqft
Est. Value: $1,234,847
-5%
AboveEstimate
2679 81 Tern Dr, San Diego, California 92123
6Beds
4Baths
2,004Sqft
6,800Lot

Price Vs. Estimate

The estimated value ($1,234,846.635) is $65,153.365 (5%) lower than the list price ($1,300,000). This property may be overpriced.

Key pros and cons

Top Pros:
Robust Income Generation: The property features a main house and two Accessory Dwelling Units (ADUs) with significant projected rental income, offering strong cash flow potential for an owner-occupant or investor.
Top Cons:
Property Age Considerations: Built in 1958, the property's age, despite recent upgrades, may raise concerns about the condition of original systems (e.g., plumbing, electrical) not explicitly mentioned as updated.

Compared to the nearby listings

Price:$1.30M vs avg $1.04M (+$257,739)93%
Size:2,004 sqft vs avg 1,493 sqft86%
Price/sqft:$649 vs avg $68836%

More Insights

Built in 1958 (68 years old).
Condition: The property, built in 1958, has undergone significant recent upgrades including a newer roof, vinyl windows, central A/C, and refinished hardwood floors in the main house. The two ADU units also feature more recent, functional updates with modern basic finishes in their kitchens and bathrooms. While the main house kitchen and bathrooms are clean and well-maintained, their style (cabinets, countertops, and fixtures) appears dated, likely from a renovation 15-30 years ago. However, the overall condition is move-in ready with major systems updated and minimal wear and tear, aligning with the 'Good' criteria.
Year Built
1958
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$649
HOA
-
Days on market
-
Sold On
-
MLS number
2600977SD
Home ConditionGood
Features
Patio
View-

About this home

Prime Birdland Location! 2 ADU units plus Main House. Live in Main House and rent Units for Income! Upstairs Unit 2679 Tern Dr, Rents for $1950/Mo. (2 Br 1 Ba), Back Unit 2683 Tern Dr. rents for $1600/Mo. (Studio), Main House 2681 Projected Rent $3800/Mo. (Vacant Main House) Garage has Rented for $250/Mo in Past (Vacant Now) Newer Roof, Vinyl Windows, Central A/C and Zoned. Separate Yards and Electrical Meters! Hardwood Floors Just Re-Finished on Main House! Beautiful Exotic Palms in Front Yard, Nicely Landscaped w/ Drought Tolerant Succulents and St. Augustine Grass!! Close to Sharp Hospital and Mission Valley. Prime Birdland Location! 2 ADU units plus Main House. Live in Main House and rent Units for Income! Upstairs Unit 2679 Tern Dr, Rents for $1950/Mo. (2 Br 1 Ba), Back Unit 2683 Tern Dr. rents for $1600/Mo. (Studio), Main House (2681) Projected Rent $3800/Mo. (Vacant Main House) Garage has Rented for $250/Mo in Past (Vacant Now) Newer Roof, Vinyl Windows, Central A/C and Zoned. Separate Yards and Electrical Meters! Hardwood Floors Just Re-Finished on Main House! Beautiful Exotic Palms in Front Yard, Nicely Landscaped w/ Drought Tolerant Succulents and St. Augustine Grass!! Close to Sharp Hospital and Mission Valley.

J
Joseph Caltabellotta
Listing Agent
Condition Rating
Good
The property, built in 1958, has undergone significant recent upgrades including a newer roof, vinyl windows, central A/C, and refinished hardwood floors in the main house. The two ADU units also feature more recent, functional updates with modern basic finishes in their kitchens and bathrooms. While the main house kitchen and bathrooms are clean and well-maintained, their style (cabinets, countertops, and fixtures) appears dated, likely from a renovation 15-30 years ago. However, the overall condition is move-in ready with major systems updated and minimal wear and tear, aligning with the 'Good' criteria.
Pros & Cons

Pros

Robust Income Generation: The property features a main house and two Accessory Dwelling Units (ADUs) with significant projected rental income, offering strong cash flow potential for an owner-occupant or investor.
Extensive Recent Upgrades: Benefits from a newer roof, vinyl windows, central A/C (zoned), and recently refinished hardwood floors, minimizing immediate capital expenditures for a new owner.
Strategic Location: Situated in a 'Prime Birdland Location' with close proximity to Sharp Hospital and Mission Valley, ensuring high tenant demand and convenient access to amenities and employment centers.
Optimized Multi-Unit Infrastructure: Equipped with separate yards and electrical meters for each unit, facilitating independent living, privacy, and streamlined utility management for tenants and landlord.
Enhanced Curb Appeal & Efficiency: Features attractive, low-maintenance landscaping with exotic palms and drought-tolerant succulents, contributing to visual appeal and reduced water consumption.

Cons

Property Age Considerations: Built in 1958, the property's age, despite recent upgrades, may raise concerns about the condition of original systems (e.g., plumbing, electrical) not explicitly mentioned as updated.
Immediate Vacancy Risk: The main house and garage are currently vacant, requiring the new owner to actively secure tenants to realize the full projected income, which may involve time and marketing efforts.
Increased Management Demands: Operating a multi-unit property with three distinct living spaces and potentially a rented garage entails greater management complexity and time commitment compared to a single-family residence.
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