4120 Twiggs Street, San Diego, California 92110, San Diego, 92110 - 2 bed, 2 bath
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San Diego, California 92110
This property presents a High-Potential Investment Opportunity with a List Price of $1,100,000—positioned above the $1,027,734 Fair Market Value by 7%. While the property requires a full renovation given its Condition Rating of 5, the Dual-Income Potential of this duplex in historic Old Town offers significant long-term upside. The 5,227-square-foot lot provides rare expansion space in a central location. This is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to capture value through a comprehensive value-add renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4120 Twiggs Street Subject | $1,100,000* List Price | 2 | 2 | 1,026 | $1,002 | - |
A 2525 Jefferson Street Active | $1,219,000 List Price | 0 | 0 | 1,280 | $952 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948 (78 years old) with no evidence of recent renovations. The listing description explicitly states the property is 'ready for renovation' and 'reimagining,' which is industry terminology for a full rehab project. Given the age and lack of updates, the kitchen, baths, and major systems are likely beyond their functional lifespan.
Situated in the heart of Old Town San Diego, this property offers exceptional walkability to historic landmarks, renowned restaurants, and major transit hubs, ensuring high long-term desirability and tenant demand.
As a residential income duplex, the property provides a versatile opportunity for investors to generate two separate rental streams or for an owner-occupant to utilize one unit for 'house hacking' to offset mortgage costs.
The 5,227-square-foot lot includes usable outdoor space that is rare for the area, offering significant potential for creating premium outdoor living environments or exploring further expansion and ADU possibilities.
Built in 1948 and marketed as a 'reimagining' opportunity, the property likely requires a substantial capital injection to modernize structural elements, systems, and finishes to meet contemporary standards.
At a list price of $1.1 million for just 1,026 square feet, the entry cost is high, which may compress initial capitalization rates for investors when factoring in the necessary renovation budget.
Prime opportunity in Old Town classic duplex with great potential. Located in one of San Diego's historic neighborhoods, this property offers two separate units. The lot offers usable outdoor space to create inviting outdoor living areas. With its central location near Old Town's restaurants, shops, transit and major freeways. This opportunity is ready for renovation, or reimagining in a highly desirable neighborhood.
No exterior & parking available.
Grades K-4 • 0.9 mi
Grades K-8 • 1.2 mi
Grades 7-8 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 50% |
| Baths | 2.0 | 1.0 | 50% |
| Square foot | 1,026 | 2,513 | 50% |
| Lot Size | 5,227.2 | 6,534 | 50% |
| Price | $1.10M | $1.57M | 50% |
| Price per sq ft | $1.1K | $792 | 50% |
| Built year | 1948 | 1955 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 61 | 50% |
May 19, 2026
$1,100,000
Initial Listing