3244 46 3rd Ave, San Diego, California 92103, San Diego, 92103 - 2 bed, 2 bath
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San Diego, California 92103
This Historic Bankers Hill Duplex serves as a strategic Residential Income asset listed at $1,595,000, reflecting market stability relative to its $1,528,319 Fair Market Value. The property features a 1910 Craftsman main house with hardwood floors and a secondary studio unit with a private patio, offering a unique "house hack" opportunity in a premier walkable neighborhood. Despite a Condition Rating of 4 indicating aging infrastructure, the value-add potential of the flexible zoning and San Diego Unified district proximity ensure long-term desirability. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3244 46 3rd Ave Subject | $1,595,000* List Price | 2 | 2 | 1,725 | $886 | - |
A 2805 State Street Active | $1,625,000 List Price | 4 | 3 | 1,910 | $851 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1910, this Craftsman duplex is well-preserved but shows clear signs of age. While the exterior and hardwood floors maintain historic charm, the studio unit's kitchen and bathroom are significantly outdated with older appliances, basic fixtures, and aged cabinetry. The listing's own analysis identifies aging infrastructure as a weakness, suggesting that while functional and tenant-occupied, the property requires modernization of major systems and interior finishes to meet current standards.
Situated in one of San Diego's most walkable and architecturally significant neighborhoods, offering high desirability and strong long-term appreciation potential.
The dual-unit configuration and flexible zoning provide multiple pathways for value-add, including owner-occupancy with rental income, live-work setups, or multi-unit expansion.
This 1910 Craftsman retains its original architectural integrity with timeless details, high ceilings, and hardwood floors, appealing to buyers seeking authentic vintage charm.
Built in 1910, the property likely requires significant capital expenditure for modernizing systems such as plumbing, electrical, and foundation to meet contemporary standards.
Current tenant occupancy may present challenges for immediate owner-occupancy or large-scale renovations due to existing lease terms and local tenant protection regulations.
Nestled in the heart of Bankers Hill located in one of San Diego's most walkable and architecturally rich neighborhoods. This beautifully preserved Craftsman home delivers all the charm of original details, character finishes, and timeless craftsmanship. Gracious covered porch with room to gather. Enter home through foyer which sets the tone. Property currently serves as a two unit investment property (tenant occupied). Front house 2BR-1BA with hardwood floors and high ceilings. Washer/Dryer in Kitchen area. Second unit is a studio with a private patio. Large one car garage with long driveway to support off street parking. The current zoning unlocks flexible possibilities. Whether you are an owner- occupant seeking a lifestyle property that pays for itself, a creative professional drawn to the live-work potential, an investor building a multiunit portfolio, or a visionary buyer with an eye toward value-add.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 0.0 | 67% |
| Baths | 2.0 | 0.0 | 67% |
| Square foot | 1,725 | 1,725 | 50% |
| Lot Size | 5,140 | 5,000 | 67% |
| Price | $1.59M | $1.59M | 50% |
| Price per sq ft | $925 | $844 | 67% |
| Built year | 1910 | 1924 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 258 | 33% |
Mar 20, 2026
$1,595,000
Initial Listing