4130 32 Vista Grande Drive, San Diego, California 92115, San Diego, 92115 - 2 bed, 1 bath
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4130 32 Vista Grande Drive
San Diego, California 92115
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
806Sq Ft
7,700Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$873,450
SUMMARY
This High-Potential Investment Opportunity is a Shovel-Ready Development Asset listed at $899,000, positioned slightly above the $873,450 Fair Market Value. While not a discount play, the property offers immense value through fully entitled permits for seven residential units, drastically reducing development risk. The existing Mint Condition single-family residence provides immediate rental income while construction commences. Located in the high-demand Rolando Park neighborhood near SDSU, this project is perfectly suited for Buy-and-Hold Investors or Residential Developers seeking immediate vertical construction and strong long-term rental yields.
Estimated Market Value
$873,450
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4130 32 Vista Grande Drive Subject 2 bd · 1 ba · 806 sqft · $1,084 | $899,000* List Price | 2 | 1 | 806 | $1,084 | - |
A 6412 Zena Sold 2 bd · 1 ba · 780 sqft · $858 · 0.5 mi | $669,000 | 2 | 1 | 780 | $858 | 0.5 mi |
B 4206 E Overlook Drive Sold 2 bd · 1 ba · 915 sqft · $852 · 0.8 mi | $779,900 | 2 | 1 | 915 | $852 | 0.8 mi |
C 4461 Revillo Drive Sold 2 bd · 1 ba · 787 sqft · $1,036 · 0.4 mi | $815,000 | 2 | 1 | 787 | $1,036 | 0.4 mi |
D 4635 Mataro Dr Sold 2 bd · 1 ba · 822 sqft · $943 · 0.6 mi | $775,000 | 2 | 1 | 822 | $943 | 0.6 mi |
E 4460 Alamo Way Sold 4 bd · 2 ba · 1,054 sqft · $901 · 0.4 mi | $950,000 | 4 | 2 | 1,054 | $901 | 0.4 mi |
F 4259 View Place Sold 3 bd · 2 ba · 1,061 sqft · $782 · 0.6 mi | $830,000 | 3 | 2 | 1,061 | $782 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property features a fully renovated interior with modern finishes including new wide-plank flooring, recessed lighting, updated windows, and fresh paint. While the structure dates to 1951, the recent turnkey renovation puts it in mint condition with no immediate maintenance required, fitting the criteria for a renovation under 5 years old.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7700, living area = 806.
- Shovel-Ready Development
The property comes with fully entitled and issued permits for seven residential units, drastically reducing entitlement risk and allowing for immediate vertical construction.
- Turnkey Existing Asset
The existing single-family residence is already fully renovated, providing immediate rental income or a high-quality base for the larger development project while construction begins.
CONSRISKS & DEFICIENCIES
- Site Density Constraints
Developing seven units on a 0.18-acre parcel creates a high-density environment that may limit private outdoor space and complicate on-site parking logistics.
- Capital Intensive
Beyond the purchase price, the project requires significant additional capital for the construction of six new units, making it unsuitable for traditional residential buyers.
About 4130 32 Vista Grande Drive
Rare turnkey development opportunity featuring fully entitled and already issued permitted approvals. This 0.18-acre parcel in the desirable Rolando Park neighborhood contains an already fully renovated single-family residence with all necessary permits and fees paid for construction of seven new residential units (3,783 SF total) using the ADU bonus program. With permits already in hand, this opportunity drastically reduces entitlement risk and soft costs, allowing developers to move directly into vertical construction on day one. Finished plans call for seven units (6 new) comprising four 1-bedroom/1-bathroom apartments, two 2-bedroom/1-bathroom apartments, and one 2-bedroom/1-bathroom single-family home (existing), projecting $18,000 per month in gross income. Located in the prime Rolando Park neighborhood, the property offers a walkable setting with easy access to San Diego State University, quality retail, dining, and the I-94 corridor. This centrally located San Diego submarket continues to experience persistently high housing demand, positioning this project perfectly for immediate production and strong returns.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 7,700 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Rolando Park Elementary School
Grades K-5 • 0.4 mi
7/10
Mann Middle School
Grades 6-8 • 1.4 mi
4/10
Crawford High School
Grades 9-12 • 1.2 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.2 |
| Baths | 1.0 | 2.2 |
| Square foot | 806 | 1,752.269 |
| Lot Size | 7,700 | 6,446.159 |
| Price | $899.0K | $1.27M |
| Price per sq ft | $1.1K | $736 |
| Built year | 1951 | 1971 |
| HOA | $0 | $186 |
| Days on market | 5 | 41 |
Pricing History
Listed for Sale
Oct 20, 2026
$899,000
Initial Listing
Sold
Nov 7, 2023
$685,000
Public Record
Sold
Nov 30, 2000
$186,000
Public Record
Sold
Jul 17, 1998
$124,500
Public Record
Sold
Nov 16, 1995
$106,000
Public Record