3648 Fairmount Ave, San Diego, California 92105, San Diego, 92105 - 2 bed, 1 bath
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San Diego, California 92105
This property presents a High-Potential Investment Opportunity with a List Price of $560,000—positioned well below the $582,225 Fair Market Value by 3%. This valuation gap offers $22,225 in Instant Equity. Featuring a Fair Condition Rating, the home requires modernization, yet its CUPD-CU-3-6 Zoning and Transit Priority Area status provide significant development upside. With an 89 Walk Score and proximity to local amenities, this is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3648 Fairmount Ave Subject | $560,000* List Price | 2 | 1 | 720 | $809 | - |
A 4779 Castle Avenue Sold | $500,000 | 2 | 1 | 742 | $674 | 0.5 mi |
B 3255 Menlo Sold | $620,000 | 2 | 1 | 783 | $792 | 0.5 mi |
C 4617 Wightman Street Sold | $453,000 | 1 | 1 | 480 | $944 | 0.4 mi |
D 3428 40th Sold | $600,000 | 3 | 1 | 600 | $1,000 | 0.5 mi |
E 4627 Dwight Street Active | $699,000 List Price | 2 | 1 | 706 | $990 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1927, the property is nearly a century old and features a dated galley kitchen with laminate countertops and older cabinetry. While the exterior shows some cosmetic maintenance like artificial turf, the interior finishes appear to be over 20 years old, and the listing's focus on zoning and development potential suggests the structure requires significant modernization.
Elementary School: McKinley Elementary School (9/10).
Zoned CUPD-CU-3-6 within the Complete Communities and Transit Priority Area, this site offers significant investment upside and a wide range of future development possibilities.
With a Walk Score of 89, the property is ideally situated just blocks from City Heights Park, the library, local dining, and essential amenities, making it a prime central location.
At only 720 square feet, the interior footprint is quite small for a two-bedroom home, which may limit its appeal to families or those needing more room.
Built in 1927, the property's age suggests that despite recent updates, buyers may face higher long-term maintenance costs or the need for further modernization of older systems.
This Spanish-inspired home offers endless potential! Recent updates have been made. Located in the heart of City Heights, the property includes a freestanding one-car garage, plus an extended driveway for additional off-street parking, A separate dining space and a dedicated laundry room are conveniently connected to the kitchen. Zoned CUPD-CU-3-6, the site offers a wide range of development possibilities because it is located within the Complete Communities Zoning and Transit Priority Area. The zoning includes development standards with a base floor area ratio of 0.75. Buyer to investigate. The surrounding neighborhood is celebrated for its independent shops and dining options. And with a Walk Score of 89, its central location places residents near just a few blocks from several amenities including City Heights Park, the Swim Center, library, gym, and Rosa Parks Elementary. Nearby access to Interstate 15, El Cajon Boulevard, and multiple transit routes makes commuting throughout the city effortless. Seize this rare investment opportunity offering immediate value, a central location, and possibilities for future growth.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 720 | 1,777 |
| Lot Size | 3,908 | 6,600 |
| Price | $560.0K | $1.24M |
| Price per sq ft | $778 | $743 |
| Built year | 1927 | 1972 |
| HOA | $0 | $200 |
| Days on market | 19 | 39 |
Jul 3, 2026
$560,000
Initial Listing