
San Diego, California 92104
This 1926 Canyon-Edge Residence with Detached Casita is a Prime Investment Opportunity listed at $2,499,000—positioned well below the $2,556,487 Fair Market Value by 2%. This valuation gap provides $57,487 in Instant Equity. Boasting a Good Condition Rating, the property features a modernized main home plus a detached 500sf casita, fully-owned solar, and elevated city and golf course views. Located in vibrant South Park, this versatile asset offers significant rental potential and modern efficiency. It is an ideal acquisition for multi-generational families or investment-minded homeowners.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2911 15 Kalmia St Subject | $2,399,000* List Price | 5 | 4 | 2,800 | $881 | - |
A 3123 28th St Sold | $2,400,000 | 4 | 2 | 2,560 | $938 | 0.5 mi |
B 2475 Capitan Sold | $2,250,000 | 5 | 4 | 2,560 | $879 | 0.2 mi |
C 2433 San Marcos Ave. Sold | $1,819,375 | 4 | 2 | 1,926 | $945 | 0.2 mi |
D 2009 Granada Ave Sold | $2,540,000 | 3 | 3 | 2,704 | $939 | 0.3 mi |
E 2438 33rd Street Sold | $1,785,000 | 3 | 2 | 1,934 | $923 | 0.5 mi |
F 2335 33rd St Sold | $2,199,900 | 3 | 3 | 2,196 | $1,002 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1926 property is in move-in ready condition, featuring significant modern upgrades including solar panels, central heating and air conditioning, and energy-efficient windows. While it retains its original architectural charm and period details, the integration of modern systems and the presence of a functional detached casita indicate a high level of maintenance and thoughtful renovation. It meets the 'good' criteria as a well-maintained older home with updated major systems and no immediate need for renovation.
Variance granted Detached - Located on a desirable canyon edge street in the heart of South Park, within 2 miles of world famous San Diego Zoo, 2911-15 Kalmia St offers a rare blend of classic character, modern efficiency, and versatile living options. The main residence features 4 bed, 2.5 bath, and approx. 2,300sf of well designed living space. Thoughtful updates enhance the home’s original charm, while energy efficient windows, central heat and A/C, and solar (over 30 solar panels cover the energy requirements for both homes + an EV) provide year-round comfort and long term savings. Period details and warm architectural touches create a welcoming atmosphere that feels both timeless and functional. Tucked away on the property is a detached 1 bed, 1 bath casita of approx. 500sf, ideal for extended family, guests, a home office, or potential rental income. This flexible space significantly enhances the property’s appeal for multi-generational living or investment minded buyers, with alley access and generous lot size of 6966sf. Set on a quiet street just moments from South Park’s beloved cafés, restaurants, boutiques, and parks, this property offers an exceptional opportunity to enjoy one of San Diego’s most vibrant and walkable neighborhoods, while benefiting from flexible living spaces and modern efficiencies rarely found in homes of this era. A truly special offering with endless possibilities in one of San Diego’s most sought after communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 95% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 2,800 | 1,240 | 99% |
| Lot Size | 6,966 | 4,480.5 | 87% |
| Price | $2.40M | $1.21M | 97% |
| Price per sq ft | $857 | $958 | 28% |
| Built year | 1926 | 1934 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 63 | 147 | 25% |
Mar 24, 2026
$2,399,000
$2,499,000
-4% Price Drop
Initial Listing
Feb 19, 2026
$2,499,000
Initial Listing