
San Diego, California 92106
This 1929 Spanish Revival represents a High-Potential Investment Opportunity, listed at $1,675,000—positioned well above the $1,541,896 Fair Market Value by -8%. While requiring a full rehab due to its Condition Rating of 5, the property offers significant upside through its 9,600 sqft lot, detached three-car garage, and versatile floorplan. Located near top-rated schools like Loma Portal Elementary, this asset is ideal for Fix-and-Flip Investors or Contractors seeking to restore a historic Point Loma classic with downtown skyline views.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3702 Lotus Drive Subject | $1,675,000* List Price | 4 | 3 | 2,410 | $640 | - |
A 2841 Nipoma St Sold | $1,460,000 | 3 | 2 | 1,784 | $818 | 0.2 mi |
B 2650 Narcissus Sold | $1,900,000 | 3 | 4 | 2,913 | $652 | 0.1 mi |
C 2516 Chatsworth Boulevard Active | $1,679,000 List Price | 4 | 2 | 2,158 | $778 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1929, this home is marketed as a restoration project. The kitchen features 1970s-era cabinetry and drop ceilings, while the bathrooms retain original period tile. Visible ceiling damage and peeling plaster in bedrooms suggest deferred maintenance, and the property requires a full rehab of systems and finishes to meet modern standards.
This 1929 Spanish Revival retains exquisite original character, including beamed ceilings, period tilework, and a speakeasy door, offering a rare level of authenticity for historic home enthusiasts.
The property sits on a generous 9,600 sqft lot and features a rare detached three-car drive-through garage with alley access and a basement, providing functional space seldom found in vintage Point Loma homes.
The floorplan is highly adaptable, featuring two primary suites—including a main-level option—and a private upstairs retreat with a balcony offering peek views of the downtown San Diego skyline.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property is marketed as an opportunity to 'restore and reimagine,' indicating that buyers should budget for substantial capital improvements to bring the home up to modern standards.
Due to its 1929 vintage and original features, the home likely requires extensive updates to its mechanical, electrical, and plumbing systems to ensure long-term viability and comfort.
Among Point Loma's most cherished architectural traditions, period Spanish Revival stands apart for its character, craftsmanship, and enduring appeal. Just around the corner from Plumosa Park, this stately 1929 Spanish Revival offers a rare opportunity to restore and reimagine a neighborhood classic. Original hardwood floors, beamed ceilings in the entry foyer and living room, original built-ins, extensive period tilework throughout all three bathrooms, the fireplace surround and exterior architectural detailing, along with a charming speakeasy front door, reflect the beauty and authenticity of the era. A dramatic picture window overlooks the front porch and frames the living room fireplace beyond, while a mature magnolia tree and original curved, pink-tinted concrete walkway welcome visitors to the home. The versatile floorplan offers two primary suites, including one on the main level and a private upstairs retreat with a covered balcony and peek views of the downtown San Diego skyline. A formal dining room can easily serve as a family room, while the generous kitchen footprint, adjacent breakfast room with original built-ins, and convenient side entrance provide exceptional potential for modern living. A basement, detached three-car garage with drive-through capability, and both driveway and alley access offer functionality rarely found in homes of this vintage. Surrounded by notable architecture and many historically designated homes, this special property offers an exceptional foundation for thoughtful restoration in one of Point Loma's most beloved neighborhoods.
No exterior & parking available.
Grades K-4 • 0.4 mi
Grades 7-8 • 0.6 mi
Grades 5-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 58% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,410 | 2,281 | 58% |
| Lot Size | 9,600 | 5,283 | 85% |
| Price | $1.68M | $1.83M | 33% |
| Price per sq ft | $695 | $927 | 13% |
| Built year | 1929 | 1953 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 119 | 19% |
Jun 4, 2026
$1,675,000
Initial Listing