
San Diego, California 92113
This property presents a High-Potential Investment Opportunity with a List Price of $625,000—positioned well below the $643,398 Fair Market Value by 2%. This valuation gap offers $18,398 in Instant Equity. Featuring R2 Zoning and rare alley access, the property provides significant development upside for an ADU or duplex expansion. With a Condition Rating of 5, the home requires a full rehab, making it an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on the central Shelltown location.
Investment opportunity in San Diego Shelltown. R2 zoning with development potential, alley access, and instant equity. Ideal for investors and contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3905 Marine View Subject | $625,000* List Price | 2 | 2 | 1,062 | $606 | - |
A 4176 Epsilon Street Sold | $700,000 | 3 | 1 | 1,026 | $682 | 0.4 mi |
B 4041 Gamma Sold | $640,000 | 3 | 1 | 900 | $711 | 0.4 mi |
C 4166 Newton Avenue Active | $450,000 List Price | 2 | 1 | 760 | $592 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1939, this property shows significant age with a kitchen featuring dated tile countertops and worn cabinetry that appears to be over 30 years old. The listing emphasizes 'long-term potential' and 'development upside' due to R2 zoning, suggesting the current structure requires a full rehab and system updates to meet modern living standards.
The R2 zoning and generous 5,560 square foot lot provide significant upside, allowing for the potential construction of a duplex or additional residential units.
Centrally located in Shelltown, the property offers exceptional proximity to Downtown San Diego, Petco Park, and major freeways, ensuring high rental demand and convenience.
The inclusion of rare backyard alley access simplifies future construction logistics for an ADU or expansion while providing versatile entry options for the property.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5560, other record lot size in square feet = 4962. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1062, other record living area = 672.
Built in 1939, the residence likely requires modernization of its original systems and structural components to meet contemporary efficiency and safety standards.
The property is served by schools with relatively low ratings, particularly at the middle school level, which may limit its appeal to education-focused families.
Welcome to this charming single-family home in the heart of Shelltown offering space, character, and long-term potential. This two bedroom, two bathroom residence, with a large third room that works well as a den or family room, features approximately 1,062 square feet of comfortable living space on a generous 5,560 square foot lot with rare backyard alley access, all just minutes from Downtown San Diego, Petco Park, and the San Diego Bay. The expansive backyard provides exceptional outdoor space for entertaining, gardening, adding an ADU, or exploring future expansion possibilities. What truly sets this property apart is R2 zoning, single or two residential dwellings. While the current house is a single home, per the City of San Diego this zoning generally allows for the possibility of building additional residential units on the lot, which could include duplex units or other multiple dwellings, subject to city guidelines and approvals, or someone looking for multi-generational flexibility, this property blends classic San Diego character with development upside in a centrally located neighborhood close to freeways, shopping, parks, schools, and everyday conveniences, making it an opportunity you do not want to miss.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,062 | 1,777.941 |
| Lot Size | 5,560 | 6,474.445 |
| Price | $625.0K | $1.27M |
| Price per sq ft | $589 | $741 |
| Built year | 1939 | 1971 |
| HOA | $0 | $184 |
| Days on market | 23 | 40 |
Aug 17, 2026
$625,000
Initial Listing