3005 Olive St, San Diego, California 92104, San Diego, 92104 - 2 bed, 1 bath

3005 Olive St, San Diego, California 92104 home-pic-0

3005 Olive St

San Diego, California 92104

ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
924Sq Ft
4,257Lot Size

Property Price

LIST PRICE$1,449,900
EST. MARKET VALUE
$1,321,552
9% AboveMARKET VALUE

SUMMARY

Analysis of 3005 Olive St, San Diego, California 92104 reveals a property with a current list price of $1,449,900, which is 9% above the estimated $1,321,552 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,321,552
Based on Realkey algorithm analyzing recent comparable sales in San Diego.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
3005 Olive St
Subject
$1,449,900*
List Price
21924$1,430-
A
3352 Redwood St.
Sold
$1,090,00022927$1,1760.5 mi
B
3077 Landis St
Sold
$1,245,000211,008$1,2350.8 mi
C
3257 Dwight St
Sold
$1,125,00032900$1,2500.7 mi
D
3694 33rd Street
Sold
$1,190,800211,032$1,1540.8 mi
E
3344 Upas Street
Sold
$1,275,000221,154$1,1050.6 mi
F
2129 31st St
Active
$1,299,000
List Price
22900$1,4430.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This 1924 historic home has been completely reimagined and fully renovated recently. It features a high-end chef's kitchen with premium Thor appliances, custom cabinetry, designer finishes, and an elegantly updated bathroom. All components appear new or virtually new, meeting current luxury standards with no signs of deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: McKinley Elementary School (9/10).

  • Historic Pedigree & Tax Incentives

    Designed by renowned architect David O. Dryden, this 1924 home offers timeless charm and qualifies for historic designation, which could significantly reduce property taxes through the Mills Act.

  • Significant Value-Add Potential

    The property comes with approved plans for two ADUs, providing a rare and immediate opportunity for the next owner to increase density, rental income, or overall property value.

CONSRISKS & DEFICIENCIES

  • Limited Interior Scale

    With only two bedrooms and one bathroom across 924 square feet, the living space is relatively compact and may not suit buyers looking for more interior volume or a second bathroom.

  • High Price per Square Foot

    The list price of nearly $1.45M represents a significant premium for the existing square footage, placing heavy emphasis on the lot's development potential rather than the current structure's size.

About 3005 Olive St

A tastefully renovated home, originally built in 1924 by the prestigious and well known architect/ builder David O. Dryden, located in one of San Diego’s most desirable neighborhoods —right at the intersection of North Park, Burlingame, and South Park. Perched up on a corner lot with stunning views of downtown San Diego, this home seamlessly blends historic charm with modern luxury. The property has been completely reimagined, featuring a high-end chef’s kitchen equipped with premium Thor appliances, custom... cabinetry, and designer finishes throughout. Current owners are in the final stages of having approved plans to build 2 ADUs on the property, which can convey to the next buyer if they desire. Additionally, the home may also qualify for a historic designation, which could potentially significantly decrease your property taxes! A historical report has already been done. The home offers two bedrooms and one elegantly updated bathroom, with natural light pouring into every corner. The large backyard is ideal for entertaining or simply enjoying the San Diego sunshine. Whether you're looking for a forever home, a short-term rental, or a smart investment, this home checks every box. With a detached one-car garage, walkable access to top-rated restaurants, cafes, Morley field, Balboa Park, and endless potential, this is North Park living at its absolute finest.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1924
Lot Size
4,257 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
1 (1 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

San Diego Unified Schools

McKinley Elementary School

Grades K-5 • 0.4 mi

9/10

Jefferson Elementary School

Grades K-5 • 0.9 mi

6/10

Rowan Elementary School

Grades K-5 • 1.2 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
45%
Baths1.02.0
33%
Square foot9241,137.5
27%
Lot Size4,2574,349.5
50%
Price$1.45M$1.19M
69%
Price per sq ft$1.6K$983
98%
Built year19241934
28%
HOA$0$0
50%
Days on market330157
97%

Pricing History

Listed for Sale

Apr 11, 2025

$1,449,900

Initial Listing

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