3275 Boundary, San Diego, California 92104, San Diego, 92104 - 5 bed, 3 bath
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San Diego, California 92104
This Income-Producing North Park Property is a Strong Value Opportunity, listed at $1,599,000—positioned well below the $1,767,763 Fair Market Value by 9%. This valuation gap offers $168,763 in Instant Equity. Featuring a Turn-Key Condition Rating, the home includes a 4BD/2BA main house, a JR ADU, and a garage conversion project. Located near the highly-rated McKinley Elementary School, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to maximize rental income in a prime San Diego neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3275 Boundary Subject | $1,599,000* List Price | 5 | 3 | 1,894 | $933 | - |
A 2842 Gunn Street Sold | $1,750,000 | 5 | 3 | 1,753 | $998 | 0.9 mi |
B 3160 Olive Street Sold | $1,945,000 | 3 | 3 | 1,831 | $1,062 | 0.5 mi |
C 3375 33rd St. Sold | $1,480,000 | 3 | 3 | 1,617 | $915 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1946, the property is described as fully renovated and turn-key. Images confirm a modern kitchen with quartz countertops, updated bathrooms with contemporary fixtures, and the installation of mini-split HVAC systems. The high-end outdoor living space and overall mint condition indicate a comprehensive renovation within the last 5 years.
Elementary School: McKinley Elementary School (9/10).
The property offers exceptional versatility as a turn-key income producer, featuring a main house plus a JR ADU, with permits in progress to convert the garage into a third 2BD/2BA unit for maximum cash flow.
The residence is fully updated with high-end finishes, including a modern kitchen with quartz countertops, restored original hardwood floors, and energy-efficient mini-split A/C, ensuring low immediate maintenance.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1894, other record living area = 1584.
With a lot size of 4,247 sq ft, the addition of a third 1,000 sq ft unit may result in a cramped footprint with limited private outdoor space and potential parking constraints for multiple tenants.
While the elementary school is top-tier, the assigned middle and high schools have significantly lower ratings, which may limit the property's appeal to long-term owner-occupant families with older children.
Income-Producing North Park Gem with Massive Upside | 4BD/2BA Main House + JR ADU + Garage Conversion possible Welcome to 3275 Boundary Street — a fully renovated, turn-key income property in the heart of vibrant North Park. This corner-lot charmer delivers immediate cash flow and tremendous future potential. Key Highlights: Main House: Spacious 4 bedroom, 2 bathroom residence featuring restored original hardwood floors, a modern kitchen with quartz counters, Mini split A/C, and modern upgrades throughout. JR ADU: A charming 310 sq ft studio with private entry, bedroom, kitchenette, and full bath — perfect for extra rental income or guests. Garage Conversion Opportunity: Permits are currently in process to convert the extra-wide 2-car garage into a 1,000 sq ft 2BD/2BA ADU. This will transform the property into a true triplex. Proven Rental Performance: The property has generated stong rental returns in the short term market. Additional features include: Expansive backyard oasis with quartz patio bar, gazebo, and pergolas. Prime North Park location near shops, restaurants, parks, and all that San Diego has to offer. Whether you want to live in one unit and rent the others, run it as a high-performing vacation rental, or complete the garage ADU to maximize income, this property offers rare flexibility and strong returns in one of San Diego’s most desirable neighborhoods. Don’t miss this opportunity to own a proven income producer with significant built-in equity and expansion potential.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 97% |
| Baths | 3.0 | 2.0 | 87% |
| Square foot | 1,894 | 1,156 | 90% |
| Lot Size | 4,247 | 3,920.4 | 56% |
| Price | $1.60M | $1.15M | 85% |
| Price per sq ft | $844 | $1.0K | 26% |
| Built year | 1946 | 1935 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 125 | 15% |
May 21, 2026
$1,599,000
Initial Listing
Nov 1, 2022
$1,450,000
Public Record