3575 Waco Street, San Diego, California 92117, San Diego, 92117 - 2 bed, 1 bath
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3575 Waco Street
San Diego, California 92117
ACTIVE
CONDITION: GOOD
2Beds
1Baths
806Sq Ft
6,098.4Lot Size
Property Price
LIST PRICE$1,250,000
EST. MARKET VALUE
$1,096,778
13% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,250,000—positioned above the $1,096,778 Fair Market Value. While the current Condition Rating of 3 offers a move-in ready interior with granite countertops and modern HVAC, the primary value lies in the stamped plans for four ADUs. This shovel-ready project allows for significant density expansion in a prime Bay Park location. This is a strategic acquisition ideal for Buy-and-Hold Investors or Developers looking to maximize yield through multi-unit development.
Estimated Market Value
$1,096,778
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 |
|---|---|---|---|---|---|---|
★ 3575 Waco Street Subject 2 bd · 1 ba · 806 sqft · $1,361 | $1,250,000* List Price | 2 | 1 | 806 | $1,361 | - |
A 3636 Tomahawk Ln Sold 2 bd · 1 ba · 806 sqft · $1,113 · 0.1 mi | $897,000 | 2 | 1 | 806 | $1,113 | 0.1 mi |
B 3317 Mohican Sold 3 bd · 1 ba · 904 sqft · $1,189 · 0.3 mi | $1,075,000 | 3 | 1 | 904 | $1,189 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1953, the home has undergone significant renovations within the last 5-15 years. The interior is well-maintained and move-in ready, featuring an updated kitchen with granite countertops and stainless steel appliances, refinished hardwood floors, recessed lighting, and modern mini-split HVAC systems.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The property includes stamped plans for four additional ADUs, offering a rare, shovel-ready opportunity to transform a single-family lot into a high-yield multi-unit investment.
- Prime Bay Park Location
Situated directly across from a neighborhood park and minutes from Mission Bay and Tecolote Canyon, the location commands high demand for both renters and future homeowners.
- Future Value-Add Views
The proposed second-floor units are designed to capture peekaboo ocean views, providing a premium feature that will enhance marketability and rental rates upon completion.
CONSRISKS & DEFICIENCIES
- High Acquisition Cost
The $1.25M list price for a small 806 sqft existing home represents a high entry point, placing the project's success heavily on the buyer's ability to execute the development plans.
- Limited Existing Utility
Built in 1953 with only two bedrooms and one bath, the current structure is undersized for the price point and likely serves only as a placeholder during the construction process.
About 3575 Waco Street
Bay Park development opportunity across from a neighborhood park! Enjoy the neighborhood’s mix of local restaurants and cafés, with Mission Bay, Tecolote Canyon trails, and the coast nearby. The property currently has an approximately 806 sq. ft. two-bedroom home. The seller has stamped plans for four proposed rear ADUs, each designed with two bedrooms and one bathroom. The proposed second-floor ADUs will have peekaboo ocean views; buyer to verify views from the completed units. Plans and project documents are available for review.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 6,098.4 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.2 |
| Baths | 1.0 | 2.2 |
| Square foot | 806 | 1,752.269 |
| Lot Size | 6,098.4 | 6,446.159 |
| Price | $1.25M | $1.27M |
| Price per sq ft | $1.6K | $736 |
| Built year | 1953 | 1971 |
| HOA | $0 | $186 |
| Days on market | 27 | 41 |
Pricing History
Listed for Sale
Sep 28, 2026
$1,250,000
Initial Listing
Sold
Feb 13, 2024
$926,000
Public Record