3121 Boundary, San Diego, California 92104, San Diego, 92104 - 2 bed, 2 bath
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San Diego, California 92104
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $999,900—positioned well below the $1,042,705 Fair Market Value by 4%. This valuation gap offers $42,805 in Instant Equity. Featuring a Mint Condition Rating, the home includes a detached art studio, custom flagstone hardscaping, and SB-9 development potential. Located near the 9/10 rated McKinley Elementary, this property balances lifestyle luxury with long-term investment upside. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-potential urban sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3121 Boundary Subject | $999,900* List Price | 2 | 2 | 1,140 | $915 | - |
A 4051 34th Sold | $986,150 | 3 | 2 | 1,421 | $694 | 0.8 mi |
B 3645 Cherokee Sold | $915,000 | 3 | 2 | 828 | $1,105 | 0.5 mi |
C 2541 Haller St Sold | $940,000 | 2 | 1 | 836 | $1,124 | 0.5 mi |
D 4044 Cherokee Ave Sold | $799,000 | 2 | 1 | 917 | $871 | 0.9 mi |
E 3224 Upas St Sold | $950,000 | 2 | 1 | 836 | $1,136 | 0.3 mi |
F 3219 Polk Ave Sold | $749,000 | 2 | 1 | 810 | $925 | 1.0 mi |
G 3633 Grim Avenue Pending | $999,999 List Price | 2 | 1 | 1,150 | $870 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1957, the property has undergone a comprehensive modern renovation within the last 5 years. The kitchen is updated with shaker-style cabinetry, quartz countertops, and stainless steel appliances. Bathrooms feature contemporary tile work and fixtures. The interior shows recessed lighting and updated flooring throughout, and the exterior includes high-end flagstone hardscaping and a finished detached studio, indicating a mint, move-in-ready condition.
Elementary School: McKinley Elementary School (9/10).
The rare two-parcel configuration and explored SB-9 eligibility provide a unique opportunity to build a second residence or ADU, offering massive investment upside.
Located in a highly sought-after urban pocket, the property is steps away from top-tier dining, breweries, and the highly-rated McKinley Elementary School.
At 1,140 square feet with only two bedrooms, the home's footprint may be restrictive for growing families or buyers seeking more substantial indoor living space.
While the second parcel is a major asset, the complexity of SB-9 regulations and the 'buyer to verify' status necessitate a potentially lengthy and costly entitlement process.
Welcome to 3121 Boundary Street, a hidden retreat in the heart of North Park. Tucked away from the street, this charming single-level home offers 2 bedrooms, 2 bathrooms, and the perfect blend of privacy, character, and walkable urban living. The thoughtfully updated interior features shaker-style cabinetry, quartz countertops, and a warm, inviting layout filled with natural light. Step outside to your own backyard sanctuary complete with custom flagstone hardscaping, multiple seating areas, a built-in BBQ, lush landscaping, and a charming chicken coop. A detached art studio offers the ideal space for a home office, creative studio, or fitness room. What truly sets this property apart is its rare two-parcel configuration. Significant work has already been completed to explore utilizing California's SB-9 regulations to create a separate buildable parcel, presenting an exceptional opportunity for a future ADU or additional residence (buyer to verify all development potential). The second parcel can also be enjoyed as expanded outdoor space, a garden, or for future investment. Located just steps from North Park's renowned restaurants, coffee shops, breweries, boutiques, and nightlife, this one-of-a-kind property combines a peaceful setting with endless lifestyle and investment potential in one of San Diego's most sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,140 | 1,777 |
| Lot Size | - | 6,600 |
| Price | $999.9K | $1.24M |
| Price per sq ft | $877 | $743 |
| Built year | 1957 | 1972 |
| HOA | $0 | $200 |
| Days on market | 2 | 39 |
Jul 20, 2026
$999,900
Initial Listing
Mar 29, 2018
$685,000
Public Record
Jun 26, 2017
$539,000
Public Record
May 26, 2004
$349,500
Public Record