
San Diego, California 92113
This Spacious Residential Property represents a Strong Value Opportunity, listed at $725,000—positioned well below the $809,718 Fair Market Value by 10%. This valuation gap offers $84,718 in Instant Equity. Featuring a Condition Rating of 2, the home includes a remodeled kitchen, solar panels, and RM-1-1 Zoning on a large 7,013 sqft lot. With panoramic skyline views and significant development potential, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3175 Clay Avenue Subject | $725,000* List Price | 4 | 2 | 1,695 | $478 | - |
A 2855 Franklin Ave Sold | $810,000 | 4 | 2 | 1,682 | $482 | 0.4 mi |
B 827 S 39th Street Sold | $729,000 | 3 | 2 | 1,407 | $518 | 1.0 mi |
C 639 S Gregory Street Sold | $805,000 | 5 | 2 | 1,603 | $502 | 0.3 mi |
D 8 S Francis Street Active | $599,000 List Price | 4 | 2 | 1,200 | $499 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1918, the property has undergone a complete interior remodel including the kitchen and bathrooms. The presence of solar panels, recessed lighting, and updated flooring indicates a recent renovation (likely <5 years) that makes the home move-in ready with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7013, living area = 1695.
The oversized 7,013 sqft lot combined with RM-1-1 zoning and rear alley access provides a prime opportunity for ADU construction or multi-unit development.
A completely remodeled kitchen and updated bathrooms ensure the home is move-in ready, offering contemporary finishes within a spacious 4-bedroom layout.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7013, other record lot size in square feet = 7066. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1695, other record living area = 1288. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1918, the century-old structure may require more frequent maintenance or hidden infrastructure upgrades compared to newer residential builds.
The surrounding public schools currently have lower performance ratings, which may impact the property's appeal to education-focused families.
**Opportunity Awaits!** Situated on an extra-large 7,013 square foot lot with RM-1-1 zoning and convenient rear alley access, this property offers incredible potential in the heart of San Diego. The existing home features 4 bedrooms, 2 bathrooms and approximately 1,695 square feet of living space. Inside, you'll find a completely remodeled kitchen and beautifully updated bathrooms, making the home move-in ready while still offering exciting possibilities for the future. Additional features include brand new exterior paint, solar and a gated front driveway providing added privacy and off-street parking. With a generous lot, rear alley access and RM-1-1 zoning, this property offers a unique opportunity for a homeowner, investor or buyer interested in exploring its future potential. Conveniently located near Downtown San Diego with easy access to freeways, shopping, dining, parks and more. Whether you're looking for a primary residence, investment property or a property with potential for additional development, this one is worth a look! Buyer to independently verify all zoning, development potential, allowable uses and square footage with the City of San Diego.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,695 | 1,777.941 |
| Lot Size | 7,013 | 6,474.445 |
| Price | $725.0K | $1.27M |
| Price per sq ft | $428 | $741 |
| Built year | 1918 | 1971 |
| HOA | $0 | $184 |
| Days on market | 9 | 40 |
Aug 31, 2026
$725,000
Initial Listing
Jun 8, 2010
$210,000
Public Record
Jan 29, 2010
$142,000
Public Record
May 16, 2006
$475,000
Public Record