4190 92 Palmetto Way, San Diego, California 92103, San Diego, 92103 - 5 bed, 4 bath
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San Diego, California 92103
This Historic Mission Hills Restoration Project is a High-Potential Investment Opportunity listed at $3,099,000—positioned at the $3,101,004 Fair Market Value by 0.1%, offering $2,004 in Instant Equity. While the property carries a Condition Rating of 5 and requires a full rehabilitation, the 4,492 sqft scale and detached ADU/studio offer immense value-add potential. The expansive double lot includes a private pool and sits near the top-rated Grant K-8 school. This is a strategic acquisition for Value-Add Investors or High-End Restorers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4190 92 Palmetto Way Subject | $3,099,000* List Price | 5 | 4 | 4,492 | $690 | - |
A 2270 Juan St Active | $2,799,999 List Price | 5 | 4 | 3,208 | $873 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1916, this historic home is explicitly marketed as a restoration project requiring significant TLC. While it retains impressive original architectural details like coffered ceilings and extensive wood paneling, the kitchen features outdated 1980s-style oak cabinetry and tile, and the overall interior shows significant wear, peeling paint, and deferred maintenance consistent with a property needing a full rehabilitation.
This rare 1916 residence offers nearly 4,500 square feet of classic architectural character, providing a grand scale and vintage details that are highly coveted in one of San Diego's most prestigious neighborhoods.
Situated on two lots, the property features a private pool and outdoor kitchen, offering a level of space and indoor-outdoor entertainment potential seldom found in this dense historic area.
The detached garage includes a plumbed and wired ADU/studio, presenting a significant opportunity for a rental unit, home office, or guest suite once the necessary renovations are completed.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The main residence and the ADU are in need of significant TLC and restoration, which will require a substantial additional capital investment and a lengthy project timeline.
At a list price of over $3 million for a property requiring full restoration, the initial cost of entry is high, potentially limiting the pool of buyers to those with significant liquid reserves for construction.
This charming and rare historic Mission Hills home, is ready for someone to restore it and make it their own while preserving its classic character. The spacious main residence offers 5 bedrooms and 3 baths, generous living areas, and vintage details just waiting to shine again. A detached garage is topped by an ADU/studio with existing plumbing and electrical, in need of TLC but ideal for future guest space, office, or rental. The large grounds, spread over two lots, feature a pool, outdoor kitchen, and convenient half bath for effortless indoor-outdoor living and entertainment. Additional perks include basement laundry and a prime Mission Hills location close to neighborhood dining, parks, and downtown San Diego!
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.7 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 4.0 | 3.0 | 72% |
| Square foot | 4,492 | 1,946 | 97% |
| Lot Size | - | 5,213 | 19% |
| Price | $3.10M | $1.78M | 94% |
| Price per sq ft | $690 | $956 | 14% |
| Built year | 1916 | 1930 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 153 | 9% |
Mar 19, 2026
$3,099,000
Initial Listing