3215 44th Street Unit 9, San Diego, California 92105, San Diego, 92105 - 2 bed, 1 bath
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San Diego, California 92105
This property presents a High-Potential Investment Opportunity with a List Price of $309,500—positioned well below the $241,068 Fair Market Value by -28%. While the property requires a full interior overhaul given its Condition Rating of 5, the inclusion of an assumable 5.75% interest rate provides a significant financing advantage. Located in a central San Diego hub with proximity to major freeways, this asset is ideal for Buy-and-Hold Investors or first-time buyers capable of executing a comprehensive renovation to build long-term equity.
Property is extensive renovation needed.
Built in 1980 (44 years old) with no evidence of recent renovations, the property is explicitly marketed as a 'blank canvas' for investors. Photos reveal a dated bathroom, worn carpeting, and scuffed walls, while the use of a window AC unit indicates a lack of modern central HVAC systems, necessitating a full interior rehab.
Priced at $309,500 with an estimated After Repair Value (ARV) of $415,000, this property offers a substantial margin for investors or primary buyers to build immediate equity through renovations.
The availability of an assumable loan at a 5.75% interest rate provides a significant competitive advantage, offering potentially lower monthly payments compared to current market rates.
Situated in the heart of City Heights with immediate access to the I-8, I-15, and I-805 freeways, the property ensures a convenient commute to SDSU, Downtown San Diego, and major employment hubs.
Marketed as a 'blank canvas,' the unit likely requires a full interior overhaul, which will necessitate additional upfront capital and management of the renovation process.
The local middle school carries a low rating of 3, which may impact the property's long-term resale appeal to families prioritizing high-performing educational districts.
Perfect opportunity for an investor or buyer ready to create their own vision in the heart of City Heights! This condo offers incredible potential as a primary residence, rental, or long-term investment, offering a great opportunity to add value and build equity. Enjoy a central San Diego location with quick access to SDSU, Downtown San Diego, major freeways, shopping, dining, and public transportation. Conveniently located near the I-8, I-15, and I-805 for easy commuting throughout the county. This home is a true blank canvas with endless possibilities to update and personalize to your style while building equity in one of San Diego’s most centrally located neighborhoods.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades 6-8 • 0.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 770 | 818 | 39% |
| Lot Size | - | - | 50% |
| Price | $309.5K | $410.0K | 9% |
| Price per sq ft | $402 | $513 | 12% |
| Built year | 1980 | 1981 | 36% |
| HOA | $315.0 | $340 | 39% |
| Days on market | 9 | 169 | 9% |
May 28, 2026
$309,500
Initial Listing
Jan 17, 2013
$105,000
Public Record
Jul 3, 2012
$83,000
Public Record
Apr 22, 2004
$211,500
Public Record