4103 Cleveland Ave, San Diego, California 92103, San Diego, 92103 - 2 bed, 2 bath
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San Diego, California 92103
This High-Density Redevelopment Asset is listed at $899,000, representing a stable valuation that aligns with its $896,578 Fair Market Value. Featuring a Condition Rating of 3, the property includes a remodeled kitchen, private patio, and detached 2-car garage, providing immediate rental utility while development permits are secured. The primary value lies in the RM4-11 Zoning in the heart of Hillcrest, positioned just one block from the future Normal Street Promenade. This is a strategic, high-upside acquisition for Multi-Family Developers or Portfolio Investors targeting San Diego’s most active urban corridors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4103 Cleveland Ave Subject | $899,000* List Price | 2 | 2 | 808 | $1,110 | - |
A 1295 Essex Street Pending | $785,000 List Price | 2 | 1 | 672 | $1,168 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features a recently remodeled kitchen with modern shaker cabinets, stone countertops, and stainless steel appliances. The bathrooms have been updated with contemporary tiling and fixtures, and the interior boasts updated flooring and neutral paint. While the 1968 structure and small footprint lead the listing to suggest redevelopment or further renovation, the current condition of the primary living areas is well-maintained and functional.
The RM4-11 zoning provides exceptional redevelopment potential for multi-family units in one of San Diego’s most active and high-demand urban corridors.
Located in the heart of Hillcrest, the property is steps from University Avenue, the future Normal Street Promenade, and popular dining, offering a premier urban lifestyle.
The existing cottage features a recently remodeled kitchen and a detached two-car garage, providing immediate utility or rental income while pursuing development permits.
At only 808 square feet for a two-bedroom, two-bathroom layout, the current interior footprint is quite small and may feel cramped for modern residential needs.
The property is positioned as a project for buyers with 'vision,' implying that significant capital will be needed for either a full renovation or total redevelopment.
Zoned RM4-11 in the heart of Hillcrest, this property presents a rare opportunity in one of San Diego’s most active redevelopment corridors. One block from the future Normal Street Promenade & steps to Great Maple, University Ave, & convenient freeway access. Existing 2-bedroom, 2-bath cottage includes recently remodeled kitchen, generous yard, & detached 2-car garage. The home is ready for a buyer w/ vision, whether undertaking a substantial renovation or pursuing redevelopment. W/ multi-family zoning in place, the parcel offers strong potential for new construction in a high-demand urban neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 808 | 1,888 | 3% |
| Lot Size | - | 5,213 | 19% |
| Price | $899.0K | $1.74M | 4% |
| Price per sq ft | $1.1K | $959 | 77% |
| Built year | 1968 | 1930 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 153 | 13% |
Mar 6, 2026
$899,000
Initial Listing
May 21, 2009
$445,000
Public Record
Apr 5, 2002
$300,000
Public Record
Feb 10, 2000
$235,000
Public Record
Mar 11, 1994
$115,000
Public Record