3378 N Mountain View Dr, San Diego, California 92116, San Diego, 92116 - 2 bed, 1 bath
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San Diego, California 92116
Analysis of 3378 N Mountain View Dr, San Diego, California 92116 is currently available with a list price of $1,895,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1926, this property is marketed exclusively as a development site with approved plans for 9 units. Despite a previous kitchen renovation and hardwood floors, the listing emphasizes immediate construction and land value. Significant water damage is visible on the living room ceiling, and the exterior is unmaintained, confirming the structure's status as a tear-down for the new project.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8282, living area = 1056.
The property comes with 9 fully approved, shovel-ready units and all permits already paid, allowing a developer to bypass the typically lengthy and unpredictable entitlement process.
With plans fully approved, construction can begin almost immediately, significantly reducing carrying costs and accelerating the path to project completion and ROI.
The property was recently sold within the past year on 2025-08-26. The sold price is $1,600,000.00.
The $1.895M list price represents a significant upfront capital requirement, which may compress profit margins for developers if construction costs fluctuate.
The presence of a 1926 single-family home necessitates demolition and site clearance, adding an immediate logistical and financial hurdle before new construction can commence.
Rare development opportunity with 9 approved, shovel-ready units. The property currently consists of a single-family home situated on a large lot, with all plans fully approved and permits already paid. Skip the lengthy entitlement process and begin construction immediately—seller indicates construction could start as soon as next week. This is a turnkey opportunity for builders, developers, and investors looking to accelerate their timeline and avoid years of planning and approvals. Approved plans and development documents are available upon request.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,056 | 1,777 |
| Lot Size | 8,282 | 6,600 |
| Price | $1.90M | $1.24M |
| Price per sq ft | $1.8K | $743 |
| Built year | 1926 | 1972 |
| HOA | $0 | $200 |
| Days on market | 28 | 39 |
Jun 24, 2026
$1,895,000
Initial Listing
Aug 26, 2025
$1,600,000
Public Record
Oct 28, 2021
$1,100,000
Public Record
Feb 10, 2011
$415,000
Public Record