
San Diego, California 92117
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,225,000—positioned well below the $1,226,811 Fair Market Value by 0.15%. Featuring a Mint Condition Rating, this home offers breathtaking Mission Bay views, paid-off solar, and ADU potential with alley access. With architectural plans for a third-story addition, it provides significant long-term equity growth. This property balances coastal luxury with strategic expansion potential, making it an ideal acquisition for Owner-Occupants seeking a move-in ready lifestyle or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2885 Mcgraw St Subject 2 bd · 2 ba · 1,495 sqft · $813 | $1,200,000* List Price | 2 | 2 | 1,495 | $813 | - |
A 2702 Bay Canyon Ct Sold 3 bd · 3 ba · 1,945 sqft · $621 · 0.4 mi | $1,207,000 | 3 | 3 | 1,945 | $621 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1966, the home has undergone extensive recent renovations. It features a modern kitchen with stainless steel appliances, updated bathrooms, and high-end system upgrades including paid-off solar, central HVAC, a newer water heater, and EV charger readiness. The property is in mint, move-in ready condition with no visible maintenance needs.
The property offers breathtaking, unobstructed views of Mission Bay and the Pacific Ocean, a premium feature that significantly enhances its market desirability and long-term value.
Equipped with fully paid-off solar, central HVAC, and EV charger readiness, the home provides immediate cost savings and modern convenience for eco-conscious buyers.
With alley access for a potential ADU and completed architectural plans for a third-story addition, the property offers a clear and rare path to increase square footage and equity.
Currently configured as a 2-bedroom residence, the home may face competition from larger properties in the same price bracket that offer more immediate space for families.
The 3,400 square foot lot is relatively small for the area, which may limit outdoor utility for buyers seeking expansive yard space or large private gardens.
Perched above Mission Bay in the highly desirable Bay Park neighborhood, this beautifully updated home offers breathtaking bay views, timeless character, and an exceptional coastal lifestyle. Thoughtfully renovated over the years, it blends warm, inviting finishes with mid-century modern vibes, creating a space that feels both stylish and comfortable. Inside, you'll find an updated kitchen and bathrooms, wood and tile floors throughout, wood beam ceilings, an open, light-filled layout, & expansive windows framing the stunning water views. Recent upgrades include a brand-new sewer line, fully paid-off solar, central HVAC, newer water heater, dual-pane windows, and EV charger readiness, providing energy efficiency, comfort, and convenience. The versatile guest bedroom features a built-in Murphy bed, ideal as a guest room, home office, or both. Enjoy indoor-outdoor living with multiple spaces to relax & entertain. Take in spectacular Mission Bay views from the front balcony, then retreat to the private backyard patio for outdoor dining or gatherings with family and friends. The beautifully landscaped, low-maintenance front yard features mature peach, lemon, and clementine trees providing fresh fruit right from your own home. Ideally located just minutes from Mission Bay, beaches, downtown San Diego, shopping, dining, & major freeways, this move-in-ready home also offers outstanding ADU potential with convenient alley access. Combining stunning views, thoughtful upgrades, and one of San Diego's most sought-after neighborhoods, this is a rare opportunity to own a Bay Park gem Looking to the future, the property offers even more potential with architectural plans completed for a proposed third-story addition featuring an additional bedroom, bathroom, and dedicated office—creating the opportunity to expand the existing 2-bedroom, 2-bath home into a 3-bedroom, 3-bath residence plus office. Architectural plans and renderings are included in the listing photos, allowing buyers to envision the possibilities. Combined with ADU potential and alley access, this property offers exciting opportunities to expand and add value over time. Buyer to verify all development, permitting, and feasibility requirements.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,495 | 1,752.269 |
| Lot Size | 3,400 | 6,446.159 |
| Price | $1.20M | $1.27M |
| Price per sq ft | $803 | $736 |
| Built year | 1966 | 1971 |
| HOA | $0 | $186 |
| Days on market | 39 | 41 |
Oct 9, 2026
$1,200,000
$1,225,000
-2% Price Drop
Initial Listing
Sep 16, 2026
$1,225,000
Initial Listing
Aug 15, 2002
$412,000
Public Record