
San Diego, California 92102
This property presents a High-Potential Investment Opportunity with a List Price of $860,000—positioned well above the $753,442 Fair Market Value by 14%. Featuring a 2-bedroom main home and an attached studio, this R4 Multiple Residential zoned asset offers significant development upside and rental flexibility. Despite a Condition Rating of 4, the property provides a foundation for value-add renovations. Its central location near Balboa Park and McKinley Elementary makes it a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking flexible living arrangements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2959 B Street Subject | $860,000* List Price | 3 | 2 | 1,080 | $698 | - |
A 3554 E Island Ave Sold | $735,000 | 3 | 2 | 1,292 | $569 | 0.9 mi |
B 2771 Broadway Sold | $812,000 | 3 | 2 | 1,058 | $767 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Although the data indicates a 2021 build date, the visual evidence shows a significantly older structure with dated finishes. The kitchen features older oak-style cabinetry and tile flooring, while the interior contains popcorn ceilings and older wall heaters. The property is functional and move-in ready but requires modernization of the kitchen, baths, and systems to meet current standards.
Elementary School: McKinley Elementary School (9/10).
The property features a main 2-bedroom home plus an attached studio with its own kitchen and bath, offering excellent flexibility for rental income or extended family living.
Zoned R4 Multiple Residential with rear alley access, this lot provides significant potential for investors to build additional units or a second home in a high-demand area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With only 1,080 total square feet split between two separate living areas, the individual units offer limited interior space and may feel constrained for larger households.
Several of the closest assigned public schools carry lower performance ratings, which could be a drawback for families prioritizing educational rankings.
Great opportunity in the Golden Hill area of San Diego! This centrally located property features a 2-bedroom, 1-bath main home plus an attached studio/1-bedroom unit with its own kitchen and bathroom. Situated on an approximately 5,335 sq. ft. lot with rear alley access, this property offers great potential for an investor looking to build an additional home with independent alley access, or for an extended family seeking flexible living options. Public records show Single Family Residence, with zoning noted as R4 Multiple Residential, which may offer future development possibilities, including potential multiple residential units. Close to Balboa Park, Downtown San Diego, South Park, North Park, Golden Hill Park, restaurants, coffee shops, and major employment areas. Great option to live in one, create potential rental income, accommodate extended family, or explore long-term investment potential.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,080 | 1,289 | 38% |
| Lot Size | 5,335 | 5,209 | 65% |
| Price | $860.0K | $812.0K | 54% |
| Price per sq ft | $796 | $796 | 50% |
| Built year | 2021 | 1951 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 134 | 14% |
May 27, 2026
$860,000
Initial Listing