3537 Utah St, San Diego, California 92104, San Diego, 92104 - 3 bed, 3 bath
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San Diego, California 92104
This Turnkey Craftsman Residence is a High-Potential Investment Opportunity, listed at $1,999,000 against a $1,858,127 Fair Market Value. While priced at a premium, the property features a Condition Rating of 2, showcasing a comprehensive restoration and a brand-new 2026-built Detached Studio ADU. With Central HVAC, New Plumbing, and a Private Patio, this asset offers immediate rental income potential or multigenerational flexibility. Located steps from Balboa Park and near McKinley Elementary (9/10), this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, income-generating lifestyle property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3537 Utah St Subject | $1,999,000* List Price | 3 | 3 | 1,941 | $957 | - |
A 3576 Villa Terrace Sold | $1,731,000 | 3 | 2 | 2,368 | $731 | 0.2 mi |
B 2433 San Marcos Ave. Sold | $1,819,375 | 4 | 2 | 1,926 | $945 | 0.8 mi |
C 2669 San Marcos Sold | $2,225,000 | 3 | 3 | 2,302 | $967 | 0.8 mi |
D 3160 Olive Street Sold | $1,945,000 | 3 | 3 | 1,831 | $1,062 | 0.7 mi |
E 2842 Gunn Street Sold | $1,750,000 | 5 | 3 | 1,753 | $998 | 0.3 mi |
F 3437 Palm Street Sold | $1,490,000 | 3 | 2 | 1,583 | $941 | 0.9 mi |
G 3711 29th St Pending | $1,599,950 List Price | 3 | 3 | 1,950 | $820 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a comprehensive recent restoration of the main home and a brand-new 2026-built ADU. All major systems are updated (new plumbing, sewer line, central HVAC, and tankless water heater), and the interior boasts modern designer finishes, premium appliances, and mint condition throughout, meeting the criteria for a high-end renovation under 5 years old.
Elementary School: McKinley Elementary School (9/10).
The property includes a newly completed, fully permitted detached studio ADU with its own address and high-end finishes, offering significant potential for rental income or multigenerational living.
Situated just two blocks from Balboa Park and within walking distance to North Park's premier dining and entertainment, the property boasts an exceptional walkability score in a highly desirable neighborhood.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1941, other record living area = 1363.
At nearly $2 million for under 2,000 total square feet, the property is priced at a significant premium for the area, which may limit the pool of qualified buyers.
While some nearby elementary schools perform well, the assigned middle and high schools in the district carry lower ratings, which could be a drawback for families prioritizing education.
2 blocks from Balboa Park. Thoughtfully remodeled 1920's craftsman in the heart of North Park. The main home offers 3 bedrooms and 2 full bathrooms with designer finishes throughout. Major upgrades include new plumbing, a new sewer line, central heating and air conditioning, tankless hot water and a brand new wine refrigerator. Adding exceptional flexibility and value is the fully permitted detached studio ADU, completed in 2026 and featuring its own address, high-end finishes, premium appliances, and a Mirador pergola with sun shade. Ideal for rental income, guests, a home office, or multigenerational living. Outdoor spaces provide a rocking chair front porch, an abundant 60-year-old avocado tree and a mature Meyer lemon tree. The backyard has a privacy fence. Just steps from Balboa Park and moments from North Park's acclaimed restaurants, coffee shops, breweries, boutiques, and entertainment, this rare property offers the perfect blend of character, walkability, and income potential.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 87% |
| Square foot | 1,941 | 1,156 | 93% |
| Lot Size | - | 3,835.7 | 21% |
| Price | $2.00M | $1.15M | 94% |
| Price per sq ft | $1.0K | $1.0K | 54% |
| Built year | 1921 | 1933 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 122 | 15% |
Jun 5, 2026
$1,999,000
Initial Listing
Mar 9, 2018
$998,000
Public Record
Aug 30, 2017
$735,000
Public Record