351 Ridgecrest Avenue, San Diego, California 92114, San Diego, 92114 - 3 bed, 2 bath
ACTIVE$579,950$1,065/sqft
Est. Value: $591,351
1%
FairlyEstimate
351 Ridgecrest Avenue, San Diego, California 92114
3Beds
2Baths
1,065Sqft
5,700Lot
Price Vs. Estimate
The estimated value ($591,350.76) is $11,400.76 (1%) lower than the list price ($579,950). This property may be overpriced.
Key pros and cons
Top Pros:
Panoramic Views: The property offers expansive panoramic views of the hills, significantly enhanced by its elevated position, contributing to its aesthetic appeal and potential value.
Top Cons:
Extensive Renovation Required: The property explicitly requires 'updates and improvements' to unlock its full potential, indicating a need for substantial capital investment and renovation effort.
Compared to the nearby listings
Price:$580.0K vs avg $760.0K ($-180,050)6%
Size:1,065 sqft vs avg 1,475.5 sqft16%
Price/sqft:$545 vs avg $52056%
More Insights
Built in 1961 (65 years old).
Condition: Built in 1961, this property requires substantial rehabilitation. The kitchen features very dated white appliances, old cabinets, and laminate/tile countertops, along with an outdated fluorescent light fixture. The bathroom is also very basic with an old vanity and tub/shower insert. Interior walls show patching and wear, and the flooring consists of older tile and worn carpet. The listing description explicitly states 'Extensive Renovation Required' and 'Aging Infrastructure,' confirming the need for significant updates to meet modern standards.
Year Built
1961
Close
-
List price
$580K
Original List price
$580K
Price/Sqft
$545
HOA
-
Days on market
-
Sold On
-
MLS number
OC26011957
Home ConditionPoor
Features
Good View: Hills, Panoramic
Patio
ViewHills, Panoramic
About this home
Huge equity opportunity in this 3-bedroom, 1.5-bath home with expansive views and strong upside potential. The property offers a solid layout and an elevated setting that enhances both livability and future value once renovated. Well suited for fix-and-flip or buy-and-hold strategies, this home provides a clear path to value creation through updates and improvements. The elevated position delivers open sightlines and adds appeal for end buyers or long-term tenants alike. A strong opportunity for investors or owner-occupants looking to add value in a growing San Diego market. Bring your vision and strategy to unlock the potential.
J
Jessica Nieto
Listing Agent
Nearby schools
4/10
Boone Elementary School
Public,•K-5•0.1mi
6/10
Freese Elementary School
Public,•K-5•0.7mi
4/10
Bell Middle School
Public,•6-8•0.5mi
4/10
Fulton K-8
Public,•K-8•0.9mi
7/10
Bethune K-8
Public,•K-8•1.0mi
4/10
Audubon K-8
Public,•K-8•1.1mi
6/10
Morse High School
Public,•9-12•0.9mi
Price History
Date
Event
Price
12/03/93
Sold
$124,500
05/09/03
Sold
$270,000
Condition Rating
Poor
Built in 1961, this property requires substantial rehabilitation. The kitchen features very dated white appliances, old cabinets, and laminate/tile countertops, along with an outdated fluorescent light fixture. The bathroom is also very basic with an old vanity and tub/shower insert. Interior walls show patching and wear, and the flooring consists of older tile and worn carpet. The listing description explicitly states 'Extensive Renovation Required' and 'Aging Infrastructure,' confirming the need for significant updates to meet modern standards.
Pros & Cons
Pros
Panoramic Views: The property offers expansive panoramic views of the hills, significantly enhanced by its elevated position, contributing to its aesthetic appeal and potential value.
High Investment Potential: Described as a 'huge equity opportunity' with 'strong upside potential,' making it well-suited for fix-and-flip or buy-and-hold strategies in a growing market.
Solid Layout: Features a 'solid layout' that, once renovated, can enhance livability and future value, appealing to a broad range of potential buyers or tenants.
Desirable Market Location: Located in a 'growing San Diego market,' which suggests strong demand, potential for appreciation, and a robust environment for real estate investment.
Proximity to Schools: Benefits from being exceptionally close to Boone Elementary School (0.09 miles), a significant advantage for families with school-aged children.
Cons
Extensive Renovation Required: The property explicitly requires 'updates and improvements' to unlock its full potential, indicating a need for substantial capital investment and renovation effort.
Limited Bathroom Count: With 3 bedrooms and only 1.5 bathrooms, the property may not meet the needs or preferences of modern families, potentially limiting its market appeal.
Aging Infrastructure: Built in 1961, the home likely has original systems and finishes, necessitating upgrades to meet contemporary standards for efficiency, safety, and aesthetics.