3346 Cheyenne Avenue, San Diego, California 92117, San Diego, 92117 - 4 bed, 2 bath
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3346 Cheyenne Avenue
San Diego, California 92117
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,466Sq Ft
6,098.4Lot Size
Property Price
LIST PRICE$1,575,000
EST. MARKET VALUE
$1,378,416
14% AboveMARKET VALUE
SUMMARY
This Dual-Unit Residential Property is a High-Potential Investment Opportunity, listed at $1,599,000—positioned above the $1,277,097 Fair Market Value. While the price reflects a premium, the property offers significant utility through its Condition Rating of 3, featuring a 2-year-old ADU and a well-maintained 1953 main house. With Dual-Unit Income Potential and proximity to Mission Bay and Toler Elementary, this asset provides immediate rental versatility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in a prime San Diego location.
Estimated Market Value
$1,378,416
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3346 Cheyenne Avenue Subject | $1,575,000* List Price | 4 | 2 | 1,466 | $940 | - |
A 3816 Zoe Sold | $1,475,000 | 3 | 2 | 1,392 | $1,060 | 0.3 mi |
B 3527 Moultrie Avenue Sold | $1,405,000 | 3 | 2 | 1,375 | $1,022 | 0.6 mi |
C 4639 Iroquois Ave Sold | $1,745,000 | 3 | 3 | 1,644 | $1,061 | 0.3 mi |
D 3011 Lloyd St Sold | $1,977,383 | 4 | 2 | 1,485 | $1,332 | 0.6 mi |
E 3620 Cowley Way Pending | $1,145,000 List Price | 4 | 2 | 1,324 | $865 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property features a brand-new ADU (2 years old) in excellent condition with modern kitchen finishes and stainless steel appliances. While the main house was built in 1953, it appears well-maintained with updated flooring and a functional layout, making the entire lot move-in ready and well-suited for immediate occupancy or rental.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
The property features two separate dwellings on a single lot, including a main house and a newer ADU, providing a versatile opportunity for rental income or multi-generational living.
- Prime Coastal Proximity
Located just five minutes from Mission Bay and the I-5 freeway, the home offers exceptional access to San Diego's premier beaches, shopping, and dining hubs.
- Modern ADU Addition
The two-year-old ADU comes equipped with modern appliances, an in-unit washer/dryer, and a private yard, offering a turnkey living space that requires no immediate renovation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6000.
- High Price per Square Foot
With a list price of $1,599,000 against a reported 806 square feet, the property commands a high premium that may be difficult to justify in a competitive appraisal environment.
- Vintage Main Structure
The original front home was built in 1953 and may require significant updates or maintenance to bring its systems and finishes up to the standard of the newer secondary unit.
About 3346 Cheyenne Avenue
TWO PROPERTIES IN ONE LOT (1466 total square feet)!!! Combined you'll have 4 bedrooms and 2 baths! Great investment opportunity just 5 minutes away from Mission Bay, with views if the new owner wishes to build a second story or deck! Not an investor, you can live in one home and rent the other. The front home (806 sq ft) has 2 bedrooms, one bath, an attached garage, covered patio and private yard. The 2 years new ADU (660 sq ft) has 2 bedrooms, one bath, a private yard and boasts newer appliances with an in unit washer/dryer! These two amazing homes are 5 minutes away from schools, shopping, restaurants and I5.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 6,098.4 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Toler Elementary School
Grades K-5 • 0.6 mi
7/10
Marston Middle School
Grades 6-8 • 0.5 mi
5/10
Clairemont High School
Grades 9-12 • 0.5 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,466 | 1,777.941 |
| Lot Size | 6,098.4 | 6,474.445 |
| Price | $1.57M | $1.27M |
| Price per sq ft | $1.1K | $741 |
| Built year | 1953 | 1971 |
| HOA | $0 | $184 |
| Days on market | 42 | 40 |
Pricing History
Listed for Sale
Aug 19, 2026
$1,575,000
$1,599,000
-2% Price Drop
Initial Listing
Price Change
Jul 29, 2026
$1,599,000
Initial Listing
Sold
Apr 12, 2022
$1,070,000
Public Record