
San Diego, California 92102
This Historic Single Family Residence represents a Strong Value Opportunity, listed at $1,699,000—positioned slightly above the $1,684,265 Fair Market Value. While not a discount play, the property offers rare stability through an active Mills Act agreement and significant modern upgrades, including solar and a 200-amp electrical panel. With a Condition Rating of 3, the home features a detached carriage house and panoramic bay and skyline views. This is an ideal acquisition for Historic Preservation Enthusiasts or Owner-Occupants seeking a unique, move-in ready urban sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 405 19th St Subject 3 bd · 4 ba · 2,304 sqft · $671 | $1,499,000* List Price | 3 | 4 | 2,304 | $671 | - |
A 1940 Market Street Sold 3 bd · 3 ba · 2,070 sqft · $709 · 0.2 mi | $1,468,000 | 3 | 3 | 2,070 | $709 | 0.2 mi |
B 2804 C St Active 5 bd · 3 ba · 1,884 sqft · $782 · 0.9 mi | $1,473,000 List Price | 5 | 3 | 1,884 | $782 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1903, the property has undergone significant modernization including an updated kitchen and bathrooms that appear to be within the 5-15 year renovation window. Critical systems are upgraded with a 200-amp electrical panel, solar, and a tankless water heater, making it well-maintained and move-in ready.
As a designated historic resource built in 1903, the property features exceptional architectural character and benefits from an active Mills Act agreement, offering significant property tax savings.
The home boasts spectacular, unobstructed views of the Downtown San Diego skyline, San Diego Bay, Coronado Bridge, and Petco Park, significantly enhancing its long-term value and appeal.
Includes a rare 16' x 19' detached carriage house providing versatile bonus space for an office or studio, alongside a fully gated lot with an automatic driveway gate for secure, multi-vehicle parking.
Being a contributing historic resource means any future exterior renovations or alterations are subject to strict historical guidelines and approval processes, limiting customization flexibility.
The property is served by several highly localized public schools with lower test scores and ratings, such as Knox Middle School (rated 2/10), which may be a drawback for families with school-aged children.
A rare opportunity to own a piece of San Diego history with spectacular views of the Downtown skyline, San Diego Bay, Coronado Bridge and Petco Park. Built in 1903, this 3-bedroom residence offers approximately 2,304 square feet with 2 full baths and 2 half baths and is a contributing historic resource within the Sherman Heights Historic District, benefiting from an existing Mills Act agreement. Rich in character, the home features high ceilings, beautiful wood floors, bay windows, built-ins, decorative glass, detailed millwork and three fireplaces. An updated kitchen complements generous living and dining spaces. All three bedrooms are upstairs along with a dedicated laundry room. Modern improvements include solar, a 200-amp electrical panel and tankless gas water heater. Set on an approx. 4,696 sq. ft. lot, the property is fully gated with an automatic driveway gate and valuable off-street parking for multiple vehicles. A private patio provides an inviting outdoor retreat for dining and entertaining. A detached approx. 16' x 19' carriage house adds substantial bonus space with exciting possibilities for a studio, workshop, office, storage or other use. Ideally located just minutes from Downtown, Petco Park, the Gaslamp Quarter and Balboa Park, this distinctive home offers a rare combination of historic character, panoramic views, gated parking, versatile bonus space and modern conveniences.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 4.0 | 2.2 |
| Square foot | 2,304 | 1,752.269 |
| Lot Size | 4,696 | 6,446.159 |
| Price | $1.50M | $1.27M |
| Price per sq ft | $651 | $736 |
| Built year | 1903 | 1971 |
| HOA | $0 | $186 |
| Days on market | 36 | 41 |
Sep 22, 2026
$1,499,000
$1,699,000
-12% Price Drop
Initial Listing
Sep 19, 2026
$1,699,000
Initial Listing
Jul 9, 2012
$460,000
Public Record
Jul 31, 1998
$100,000
Public Record