
San Diego, California 92106
This property presents a High-Potential Investment Opportunity with a List Price of $1,695,000—positioned well below the $1,605,512 Fair Market Value by -5%. Featuring RM-3-7 Zoning on a 5,000 sq ft corner lot, this asset offers significant development upside for up to five units. While the structure holds a Fair Condition Rating (1947 build), the Panoramic Bay and City Views provide a premium foundation for redevelopment. This is an ideal acquisition for Buy-and-Hold Investors or Developers targeting high-density coastal growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3105 Garrison St Subject 3 bd · 3 ba · 1,710 sqft · $939 | $1,695,000* List Price | 3 | 3 | 1,710 | $939 | - |
A 3219 Hugo Sold 2 bd · 2 ba · 1,374 sqft · $966 · 0.1 mi | $1,327,000 | 2 | 2 | 1,374 | $966 | 0.1 mi |
B 3417 Hugo St Sold 3 bd · 2 ba · 1,830 sqft · $850 · 0.2 mi | $1,555,000 | 3 | 2 | 1,830 | $850 | 0.2 mi |
C 3333 Hill St Sold 3 bd · 2 ba · 2,049 sqft · $952 · 0.6 mi | $1,950,000 | 3 | 2 | 2,049 | $952 | 0.6 mi |
D 2785 E Bainbridge Sold 3 bd · 3 ba · 1,931 sqft · $859 · 0.7 mi | $1,659,000 | 3 | 3 | 1,931 | $859 | 0.7 mi |
E 3641 Poe Street Active 2 bd · 2 ba · 1,056 sqft · $1,231 · 0.7 mi | $1,300,000 List Price | 2 | 2 | 1,056 | $1,231 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947, the home is dated with original 1940s pink tile bathrooms and older visible ductwork in the garage. While it has received some cosmetic updates like newer laminate flooring and vinyl windows, the primary systems and bath fixtures are well over 20 years old and require modernization.
The RM-3-7 zoning on a 5,000 sq ft flat corner lot allows for up to five units, offering significant upside for investors or developers looking to maximize the property's highest and best use.
Situated in the desirable Roseville area of Point Loma, the property is just two blocks from the bay and walking distance to Liberty Station, providing a premium lifestyle without HOA or Mello-Roos fees.
The property boasts multi-directional views of the bay, harbor, marina, and city lights, which significantly enhances its marketability and long-term valuation.
Built in 1947, the original 1,710 sq ft home likely requires substantial modernization or a complete teardown to realize the ambitious income projections suggested in the listing.
The property's proximity to San Diego International Airport and its location within the Point Loma flight path may result in significant aircraft noise, potentially deterring noise-sensitive buyers.
***Location*Location*Location***Roseville***Point Loma***92106***Zoning*Zoning*Zoning***RM-3-7***One Unit per 1,000 Sq Ft Of Land Yields 5 Units***(50x100) 5,000 Sq Ft Flat Level Usable Corner Lot***2 Blocks To The Bay***AIRBNB Potential $60,000 MTH/$720,000 YR (15 Bedrooms @ $4,000 Mth STR)***On A Five Million Dollar All In Investment 14%***GRM 7X*** Live In Existing 3BR/2BA 1700 Sq Ft Single Story Living And Add An ADU & JRADU For Income Or Family/ Care Giver*** Listed Less Than Appraised Value** Airport Downtown In Minutes Without Having To Get On A Freeway*** All The Benefits Of The Shops & Resuarants At Liberty Station Without The Forever Never Ending Annoying And Expensive HOA & Mello Roos Fees***
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 3.0 | 2.2 |
| Square foot | 1,710 | 1,752.269 |
| Lot Size | 5,000 | 6,446.159 |
| Price | $1.70M | $1.27M |
| Price per sq ft | $991 | $736 |
| Built year | 1947 | 1971 |
| HOA | $0 | $186 |
| Days on market | 2 | 41 |
Oct 23, 2026
$1,695,000
Initial Listing
Jan 4, 2018
$900,000
Public Record