3973 8th, San Diego, California 92103, San Diego, 92103 - 3 bed, 1 bath
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San Diego, California 92103
This High-Yield Income Property with Development Upside is listed at $1,395,000, representing a stable entry point aligned with its $1,385,270 Fair Market Value. The asset maintains a Good Condition Rating and features modern efficiencies like Paid Solar, a Private Courtyard, and a Deck. Currently operating as a profitable AirBnB, the property generates additional revenue via a large parking lot and features an unlisted attic studio. Located in prime Hillcrest near Florence Elementary and Grant K-8, the site offers a rare opportunity to assemble adjoining parcels for a 160-unit development. This is a premier choice for Developers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3973 8th Subject | $1,395,000* List Price | 3 | 1 | 1,340 | $1,030 | - |
A 3729 Indiana Sold | $1,325,000 | 3 | 2 | 1,228 | $1,079 | 0.7 mi |
B 1424 Brookes Avenue Sold | $1,504,500 | 4 | 2 | 1,400 | $1,075 | 0.6 mi |
C 3721 Indiana Street Sold | $1,220,000 | 3 | 1 | 1,144 | $1,066 | 0.7 mi |
D 1091 Lincoln Ave Sold | $1,650,000 | 3 | 2 | 1,701 | $970 | 0.2 mi |
E 3915 Falcon St Sold | $1,642,500 | 3 | 3 | 1,713 | $959 | 0.8 mi |
F 4130 10th Ave Sold | $1,500,000 | 3 | 3 | 1,452 | $1,033 | 0.3 mi |
G 3725 Crane Pl Pending | $1,349,900 List Price | 3 | 2 | 1,315 | $1,027 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1930, this charming craftsman home has received significant functional updates, including modern stainless steel kitchen appliances, air conditioning, and paid solar. The interior features a mix of well-maintained older hardwood floors and newer carpeting, with fresh paint throughout. While the bathroom is clean and functional, its style (particularly the mosaic backsplash and vanity) appears dated, likely from a renovation 15-20+ years ago. The kitchen cabinets are in good condition but not contemporary. Overall, the property is move-in ready with no immediate major renovations required, fitting the 'Good' category due to its functional updates and well-maintained state, despite some outdated aesthetic elements.
Opportunity to acquire adjoining parcels (APN#444-690-05-00 and 444-690-03-00) to form a larger development, with an owner-estimated potential for a 160-unit structure.
Currently utilized as an Air BnB with a large parking area providing additional revenue, offering immediate cash flow potential for investors.
Situated in the highly desirable Hillcrest neighborhood of San Diego, known for its vibrant community, amenities, and strong rental demand.
The property features only one full bathroom for three bedrooms, which may be insufficient for larger households or modern buyer preferences.
Built in 1930, the home may require updates to plumbing, electrical, or other systems to meet contemporary standards, despite its charming aesthetic.
The listing price has experienced several changes, including a recent increase, which could indicate fluctuating market expectations or a less stable pricing strategy.
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.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 3.0 | 9% |
| Square foot | 1,340 | 1,888 | 25% |
| Lot Size | 4,440 | 5,213 | 38% |
| Price | $1.40M | $1.74M | 28% |
| Price per sq ft | $1.0K | $959 | 61% |
| Built year | 1930 | 1930 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 198 | 155 | 72% |
Mar 12, 2026
$1,395,000
$1,475,000
-5% Price Drop
Initial Listing
Jan 13, 2026
$1,475,000
$1,375,000
+7% Price Increase
Initial Listing
Dec 3, 2025
$1,375,000
$1,399,000
-2% Price Drop
Initial Listing
Nov 6, 2025
$1,399,000
$1,400,000
+0% Price Increase
Initial Listing
Oct 6, 2025
$1,400,000
Initial Listing