4111 Bayard Street, San Diego, California 92109, San Diego, 92109 - 6 bed, 5 bath

4111 Bayard Street, San Diego, California 92109 home-pic-0
ACTIVE$4,875,000
4111 Bayard Street, San Diego, California 92109
6Beds
5Baths
4,612Sqft
6,800Lot

Price Vs. Estimate

The estimated value ($4,875,000) is $0 (0%) lower than the list price ($4,875,000). This property may be overpriced.

Key pros and cons

Top Pros:
Premier Coastal Location: Situated in the highly desirable Braemar District, recognized as a top neighborhood in San Diego's beach areas, offering prestige and desirability.
Top Cons:
Substantial Development Investment: The property is primarily a development play, necessitating significant capital outlay for demolition (likely) and construction of a high-rise building.

Compared to the nearby listings

Price:$4.88M vs avg $2.05M (+$2,825,000)94%
Size:4,612 sqft vs avg 1,950.5 sqft96%
Price/sqft:$1.1K vs avg $1.2K33%

More Insights

Condition: The property appears to be well-maintained but significantly outdated, particularly the kitchen. The kitchen features white appliances, older-style white cabinets, dated countertops and backsplash, and a very old-fashioned fluorescent ceiling light panel, all of which require substantial updating to meet current aesthetic and functional standards. While other areas like the living rooms and exterior landscaping appear functional and reasonably kept, the overall style suggests a build or last major renovation from 15-30 years ago. The absence of bathroom images is a concern, as they are likely to be similarly dated. The MLS description itself focuses heavily on the land's development potential rather than the existing structure's features, further indicating that the current home is not a modern, move-in ready offering by today's standards.
Year Built
Close
-
List price
$4.88M
Original List price
$4.9M
Price/Sqft
$1,057
HOA
-
Days on market
-
Sold On
-
MLS number
24467167
Home ConditionFair
Features
Excellent View:
Deck
Patio
View

About this home

OPPORTUNITY TO BUILD 20,250 SQ. FT. HIGH RISE BUILDING WITH OCEAN AND BAY WATER VIEWS. HIGHLY SOUGHT OUT BRAEMAR DISTRICT NEIGHBORHOOD. BY FAR THE BEST NEIGHBORHOOD IN ALL THE BEACH AREAS. LOCATED NEXT TO THE CATAMARAN RESORT. YOUR FAMILY AND GUEST WILL ENJOY THE RESORT'S SPA, RESTAURANT, POOL AND ETC. JUST A FEW STEPS TO ALL 3 FAMOUS BEACH'S, MISSION BAY, MISSION BEACH AND PACIFIC BEACH. STROLL AND BIKE THE BOARDWALKS. WITH THE NEW SB-79 LAW PASSED YOU MAY HAVE THE OPPORTUNITY TO BUILD UP TO 20,250 SQ. FT. A TOTAL OF 12 UNITS. HIGH RISE TO 65'. SIX TO EIGHT STORIES. WITH COMPLETE BEAUTIFUL WATER VIEWS OF THE OCEAN AND BAY. EACH UNIT RENT INCOME PROJECTED AT AN AVERAGE OF $7,000 PER MONTH FOR A TOTAL MONTHLY RENT INCOME OF $84,000 PER MONTH.

Nearby schools

7/10
Crown Point Jr Music Academy
Public,K-50.7mi
7/10
Pacific Beach Elementary School
Public,K-51.2mi
10/10
Bird Rock Elementary School
Public,K-51.5mi
9/10
Sessions Elementary School
Public,K-51.6mi
7/10
Toler Elementary School
Public,K-52.5mi
8/10
Cadman Elementary School
Public,K-53.0mi
9/10
La Jolla Elementary School
Public,K-53.5mi
6/10
Pacific Beach Middle School
Public,6-80.9mi
8/10
Muirlands Middle School
Public,6-83.0mi
5/10
Marston Middle School
Public,6-83.2mi
6/10
Mission Bay High School
Public,9-121.7mi
5/10
Clairemont High School
Public,9-123.0mi
8/10
La Jolla High School
Public,9-123.1mi
Condition Rating
Fair

The property appears to be well-maintained but significantly outdated, particularly the kitchen. The kitchen features white appliances, older-style white cabinets, dated countertops and backsplash, and a very old-fashioned fluorescent ceiling light panel, all of which require substantial updating to meet current aesthetic and functional standards. While other areas like the living rooms and exterior landscaping appear functional and reasonably kept, the overall style suggests a build or last major renovation from 15-30 years ago. The absence of bathroom images is a concern, as they are likely to be similarly dated. The MLS description itself focuses heavily on the land's development potential rather than the existing structure's features, further indicating that the current home is not a modern, move-in ready offering by today's standards.
Pros & Cons

Pros

Premier Coastal Location: Situated in the highly desirable Braemar District, recognized as a top neighborhood in San Diego's beach areas, offering prestige and desirability.
Exceptional Water Views: The future development promises complete beautiful water views of both the ocean and the bay from each unit.
Direct Beach & Bay Access: Just a few steps to Mission Bay, Mission Beach, and Pacific Beach, providing unparalleled access to boardwalks and coastal recreation.
High Projected Rental Income: The potential for 12 units with an average of $7,000/month per unit projects a substantial total monthly income of $84,000 upon completion.

Cons

Substantial Development Investment: The property is primarily a development play, necessitating significant capital outlay for demolition (likely) and construction of a high-rise building.
Complex Project Management: Building a 6-8 story, 12-unit high-rise involves intricate planning, permitting, and construction management, posing considerable challenges and timelines.
Market & Construction Risk: Projected rental income is speculative and subject to future market conditions, construction delays, and cost overruns inherent in large-scale development.

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