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

3005 Olive St
San Diego, California 92104
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3005 Olive St Subject | $1,449,900* List Price | 2 | 1 | 924 | $1,430 | - |
A 3352 Redwood St. Sold | $1,090,000 | 2 | 2 | 927 | $1,176 | 0.5 mi |
B 3077 Landis St Sold | $1,245,000 | 2 | 1 | 1,008 | $1,235 | 0.8 mi |
C 3257 Dwight St Sold | $1,125,000 | 3 | 2 | 900 | $1,250 | 0.7 mi |
D 3694 33rd Street Sold | $1,190,800 | 2 | 1 | 1,032 | $1,154 | 0.8 mi |
E 3344 Upas Street Sold | $1,275,000 | 2 | 2 | 1,154 | $1,105 | 0.6 mi |
F 2129 31st St Active | $1,299,000 List Price | 2 | 2 | 900 | $1,443 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
Jefferson Elementary School
Grades K-5 • 0.9 mi
Rowan Elementary School
Grades K-5 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 45% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 924 | 1,137.5 | 27% |
| Lot Size | 4,257 | 4,349.5 | 50% |
| Price | $1.45M | $1.19M | 69% |
| Price per sq ft | $1.6K | $983 | 98% |
| Built year | 1924 | 1934 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 330 | 157 | 97% |
Pricing History
Listed for Sale
Apr 11, 2025
$1,449,900
Initial Listing















































