2937 Preece Street, San Diego, California 92111, San Diego, 92111 - 2 bed, 1 bath
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San Diego, California 92111
This property presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned well below the $707,511 Fair Market Value by -12%. While the home features Mid-Century Character and a Patio, its Condition Rating of 5 indicates a need for interior modernization. Located near Top-Rated Schools like Bay Park Elementary, the property offers a solid foundation for value-add renovations. This is a strategic acquisition ideal for Fix-and-Flip Investors or Owner-Occupants looking to build equity through targeted improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2937 Preece Street Subject | $799,000* List Price | 2 | 1 | 1,086 | $651 | - |
A 2566 Nye St Sold | $830,000 | 3 | 2 | 1,144 | $726 | 0.4 mi |
B 2866 Whitney Sold | $920,000 | 3 | 1 | 1,426 | $645 | 0.4 mi |
C 3414 Aldford Dr Sold | $1,034,000 | 3 | 2 | 1,345 | $769 | 0.8 mi |
D 3162 Via Arcilla Pending | $959,000 List Price | 3 | 2 | 1,100 | $872 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948, this property features a kitchen and bathroom that appear to be original or over 40 years old (knotty pine cabinetry, dated tile, and older appliances). While the home is described as well-maintained, the age of the finishes and likely the underlying systems exceed the 30-year threshold, necessitating a full interior rehab to meet modern standards.
Elementary School: Bay Park Elementary School (9/10).
The home features well-preserved original hardwood floors and classic built-in cabinetry, offering a timeless aesthetic and charm that is highly desirable in the San Diego market.
The 5,000 sq. ft. lot is thoughtfully utilized with artificial turf, a putting green, and mature fruit trees, providing a low-maintenance private retreat with room for future expansion.
With only two bedrooms and a single bathroom, the property's layout may be restrictive for growing families or buyers seeking a dedicated home office or guest suite.
Built in 1948, the home may require updates to its original systems and layout to meet modern efficiency standards and the functional expectations of contemporary homeowners.
Charming single-story mid-century home in the heart of Linda Vista! Built in 1948 and lovingly maintained, this 2-bedroom, 1-bath home offers 1,048 sq. ft. of living space on a spacious 5,000 sq. ft. lot. Featuring original hardwood floors, classic built-in cabinetry, and a large family room addition with cozy fireplace, this home blends timeless character with everyday comfort. The backyard is designed for easy enjoyment with artificial turf, a putting green, mature orange trees, and grape vines creating a private outdoor retreat. Large driveway offers ample parking, while the generous lot provides room to expand or customize. Centrally located near shopping, dining, freeways, and all that San Diego has to offer, this is a fantastic opportunity to own a well-cared-for home with charm, character, and future potential.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 7% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 1,086 | 1,368 | 15% |
| Lot Size | 5,000 | 5,800 | 25% |
| Price | $799.0K | $1.07M | 6% |
| Price per sq ft | $736 | $772 | 45% |
| Built year | 1948 | 1960 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 116 | 14% |
May 28, 2026
$799,000
Initial Listing