3043 Market Street, San Diego, California 92102, San Diego, 92102 - bed, bath
ACTIVE$899,000
3043 Market Street, San Diego, California 92102
0Bed
0Bath
Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Redevelopment Opportunity: The property is explicitly marketed as a 'Prime Redevelopment Opportunity' with the existing structure in 'tear-down condition,' making it an ideal blank canvas for new construction.
Top Cons:
Existing Structure Requires Demolition: The current single-family residence is in 'tear-down condition,' necessitating demolition costs and time before new construction can begin.
Compared to the nearby listings
Price:$899.0K vs avg $800.0K (+$99,000)60%
Size: sqft vs avg 1,250 sqft2%
Price/sqft:$0 vs avg $7232%
More Insights
Built in 1935 (90 years old).
Condition: The property was built in 1935, making it 89 years old. The MLS description explicitly states, 'The existing structure is in tear-down condition,' and the property analysis reiterates that it 'requires demolition.' The value is clearly based on the land for redevelopment, not the existing structure, which aligns perfectly with the 'tear-down' criteria.
Year Built
1935
Close
-
List price
$899K
Original List price
$1.25M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
250037973SD
Home ConditionTear down
Features
Good View:
View-
About this home
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.
Nearby schools
3/10
Kimbrough Elementary School
Public,•K-5•0.3mi
5/10
Sherman Elementary School
Public,•K-5•0.9mi
3/10
Burbank Elementary School
Public,•K-5•0.9mi
4/10
Rodriguez Elementary School
Public,•K-5•1.0mi
7/10
Rowan Elementary School
Public,•K-5•1.3mi
3/10
Emerson/Bandini Elementary School
Public,•K-6•1.3mi
4/10
Baker Elementary School
Public,•K-5•1.5mi
7/10
Chollas/Mead Elementary School
Public,•K-5•1.8mi
3/10
Chavez Elementary School
Public,•K-5•1.8mi
5/10
Balboa Elementary School
Public,•K-5•2.1mi
3/10
Porter Elementary School
Public,•K-6•2.4mi
4/10
Rancho de la Nacion School
Public,•K-6•2.8mi
4/10
El Toyon Elementary School
Public,•K-6•2.8mi
5/10
Central Elementary School
Public,•K-6•2.9mi
4/10
Golden Hill K-8
Public,•K-8•0.6mi
4/10
Logan K-8
Public,•K-8•0.7mi
3/10
Memorial Scholars & Athletes School
Public,•6-8•1.0mi
3/10
Perkins Elementary School
Public,•K-8•1.4mi
5/10
Roosevelt International Middle School
Public,•6-8•2.3mi
2/10
Knox Middle
Public,•6-8•2.5mi
3/10
Clark Middle School
Public,•6-8•2.6mi
4/10
National City Middle School
Public,•7-8•3.4mi
4/10
Granger Junior High School
Public,•7-9•4.2mi
4/10
Lincoln High School
Public,•9-12•2.2mi
5/10
Hoover High School
Public,•9-12•3.5mi
4/10
Crawford High School
Public,•9-12•4.1mi
5/10
Sweetwater High School
Public,•9-12•4.2mi
Condition Rating
Tear down
The property was built in 1935, making it 89 years old. The MLS description explicitly states, 'The existing structure is in tear-down condition,' and the property analysis reiterates that it 'requires demolition.' The value is clearly based on the land for redevelopment, not the existing structure, which aligns perfectly with the 'tear-down' criteria.
Pros & Cons
Pros
Prime Redevelopment Opportunity: The property is explicitly marketed as a 'Prime Redevelopment Opportunity' with the existing structure in 'tear-down condition,' making it an ideal blank canvas for new construction.
Favorable Zoning & Neighborhood Trends: Zoning and recent neighborhood development (a modern 4-story apartment building nearby) strongly support multi-unit or mixed-use development, reducing uncertainty for developers.
Exceptional Central Location: Situated in the heart of San Diego, offering easy access to major freeways, public transit, Downtown, Gaslamp, East Village, and Golden Hill.
Proximity to Demand Drivers: Close to employment hubs, universities, Balboa Park, the Zoo, and Balboa Golf Course, ensuring strong future rental or buyer demand for developed units.
Significant Price Reduction: The list price has been reduced from $1,250,000 to $899,000, indicating increased value for potential buyers/developers and possibly seller motivation.
Cons
Existing Structure Requires Demolition: The current single-family residence is in 'tear-down condition,' necessitating demolition costs and time before new construction can begin.
Substantial Capital Investment Required: As a redevelopment opportunity, the property demands significant upfront capital for demolition, permits, and new construction, which may limit the pool of potential buyers to experienced developers or investors.
Development Complexity & Timelines: While zoning is favorable, any multi-unit or mixed-use development involves complex permitting processes, construction management, and potential delays, adding risk and extending project timelines.