3043 Market Street, San Diego, California 92102, San Diego, 92102 - 0 bed, 0 bath
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San Diego, California 92102
This Prime Redevelopment Asset is listed at $665,000, reflecting its high-density potential despite a $594,299 Fair Market Value. With a Condition Rating of 6, the existing structure is in tear-down condition, offering a blank canvas for Zoning-compliant multi-unit development. Located minutes from Downtown San Diego and Balboa Park, the property sits in a high-demand corridor near Balboa Elementary and Golden Hill K-8. This site is a strategic acquisition for Real Estate Developers or Value-Add Investors looking to capitalize on urban growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3043 Market Street Subject | $575,000* List Price | 0 | 0 | 780 | $681 | - |
A 2629 Island Ave Active | $550,000 List Price | 1 | 2 | 736 | $747 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1935 and explicitly described in the listing as being in 'tear-down condition,' this property is marketed as a redevelopment opportunity for land value with no functional systems or modern updates.
Situated minutes from Downtown San Diego, Balboa Park, and the Gaslamp Quarter, the property offers unparalleled access to major employment hubs, entertainment, and urban amenities.
Zoning and local trends favor multi-unit or mixed-use redevelopment, with successful four-story projects nearby validating the site's potential for significant value-add.
The property's proximity to universities and transit corridors ensures a consistent pool of potential tenants for any future residential units built on the site.
The existing 1935 structure is uninhabitable and requires complete demolition, necessitating immediate additional capital and permitting for site clearance.
As a 'blank canvas' redevelopment project, it requires significant construction financing beyond the acquisition price, making it less accessible to traditional residential buyers.
Prime Redevelopment Opportunity in the Heart of San Diego! Offering a rare chance to build new in a rapidly developing area just minutes from Downtown San Diego, Balboa Park, the Zoo, and Balboa Golf Course. The existing structure is in tear-down condition, making this the perfect site for your vision. Highlights: Zoning and neighborhood trends support multi-unit or mixed-use development — just a block away, a modern 4-story apartment building was recently completed. Central Location with easy access to freeways, public transit, and all of San Diego’s top attractions. Minutes from Downtown, Gaslamp, East Village, and Golden Hill. Proximity to employment hubs, universities, and recreation, ensuring strong rental demand for future units. This is more than just a property — it’s an opportunity to create value in one of San Diego’s most connected neighborhoods. Whether you’re an investor or developer, 3043 Market St is a blank canvas with unlimited potential.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.9 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 3% |
| Baths | 0.0 | 2.0 | 3% |
| Square foot | 780 | 1,292 | 14% |
| Lot Size | - | 5,209 | 22% |
| Price | $575.0K | $800.0K | 5% |
| Price per sq ft | $737 | $792 | 43% |
| Built year | 1935 | 1947 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 128 | 16% |
May 30, 2026
$575,000
$600,000
-4% Price Drop
Initial Listing
May 13, 2026
$600,000
$665,000
-10% Price Drop
Initial Listing
Apr 21, 2026
$665,000
Initial Listing