3973 8th, San Diego, California 92103, San Diego, 92103 - 3 bed, 1 bath
ACTIVE$1,375,000
3973 8th, San Diego, California 92103
3Beds
1Bath
1,340Sqft
4,440Lot
Price Vs. Estimate
The estimated value ($1,266,543.515) is $108,456.485 (7%) lower than the list price ($1,375,000). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Development Opportunity: The property can be combined with adjacent parcels for a large-scale development (estimated 160 units), offering substantial future value and investment potential.
Top Cons:
Limited Bathroom Count: The property features only one full bathroom for three bedrooms plus an additional studio, which may be insufficient for larger families or multiple tenants.
Compared to the nearby listings
Price:$1.38M vs avg $1.78M ($-409,900)30%
Size:1,340 sqft vs avg 1,954 sqft21%
Price/sqft:$1.0K vs avg $93767%
More Insights
Built in 1930 (95 years old).
Condition: Built in 1930, this charming craftsman home shows signs of regular upkeep and some functional updates like AC and paid solar. However, the kitchen features dated light wood cabinets and a mix of appliance finishes (some stainless steel, some black), indicating piecemeal updates rather than a recent, cohesive renovation. Flooring is a mix of older hardwood and carpet. While clean and move-in ready, the overall style and key components like the kitchen (and likely the single bathroom, which is not pictured but inferred to be older given the home's age and lack of explicit renovation details) are functional but show signs of being outdated, aligning with the 'Fair' condition criteria.
Year Built
1930
Close
-
List price
$1.38M
Original List price
$1.4M
Price/Sqft
$1,026
HOA
-
Days on market
-
Sold On
-
MLS number
250040960SD
Home ConditionFair
Features
Patio
View-
About this home
Charming craftsman home with three bedrooms and one full bathroom, large kitchen. Private courtyard and large parking lot area behind home and back gate. Home is currently being utilized as an Air BnB. Large extra studio space in attic with separate side entrance is not listed in square footage. Air conditioning with paid solar unit. Parking area provides extra revenue. Property is listed and adjoining other listed parcels APN#444-690-05-00 and 444-690-03-00. Three can be purchased together to form one larger development. Owner estimated a structure with 160 units.
Nearby schools
8/10
Florence Elementary School
Public,•K-5•0.4mi
8/10
Birney Elementary School
Public,•K-5•0.7mi
5/10
Washington Elementary School
Public,•K-5•1.8mi
4/10
Carson Elementary School
Public,•K-5•2.0mi
8/10
Dewey Elementary School
Public,•K-4•3.0mi
5/10
Roosevelt International Middle School
Public,•6-8•0.9mi
8/10
Grant K-8
Public,•K-8•1.1mi
6/10
Correia Middle School
Public,•7-8•4.3mi
6/10
Dana
Public,•5-6•4.6mi
4/10
Montgomery Middle School
Public,•7-8•13.4mi
8/10
Kearny Construction Tech School
Public,•9-12•3.4mi
7/10
Point Loma High School
Public,•9-12•4.1mi
Condition Rating
Fair
Built in 1930, this charming craftsman home shows signs of regular upkeep and some functional updates like AC and paid solar. However, the kitchen features dated light wood cabinets and a mix of appliance finishes (some stainless steel, some black), indicating piecemeal updates rather than a recent, cohesive renovation. Flooring is a mix of older hardwood and carpet. While clean and move-in ready, the overall style and key components like the kitchen (and likely the single bathroom, which is not pictured but inferred to be older given the home's age and lack of explicit renovation details) are functional but show signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Significant Development Opportunity: The property can be combined with adjacent parcels for a large-scale development (estimated 160 units), offering substantial future value and investment potential.
Proven Income Generation: Currently operating as a successful AirBnB with additional revenue from a large parking area, providing immediate cash flow and a diversified income stream.
Unlisted Flexible Space: Features a large attic studio with a separate entrance, not included in the listed square footage, offering additional living space, rental potential, or a private home office.
Energy-Efficient Upgrades: Equipped with air conditioning and a paid solar unit, enhancing comfort and significantly reducing utility expenses for the owner.
Prime Hillcrest Location & Charm: Situated in the highly desirable Hillcrest/Mission Hills area, this charming craftsman home benefits from a sought-after neighborhood and classic architectural appeal.
Cons
Limited Bathroom Count: The property features only one full bathroom for three bedrooms plus an additional studio, which may be insufficient for larger families or multiple tenants.
Age-Related Maintenance: Built in 1930, the home may require ongoing maintenance or updates to older systems (plumbing, electrical, foundation) typical of properties of this vintage.
Recent Price Reductions: Multiple price adjustments indicate potential challenges in market valuation or buyer interest at previous price points, suggesting a need for careful market analysis.