4193 4th Ave, San Diego, California 92103, San Diego, 92103 - 2 bed, 2 bath
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San Diego, California 92103
This Versatile Hillcrest San Diego Residential Asset is listed at $1,099,000—positioned well below the $1,108,020 Fair Market Value by 1%. This valuation gap offers $9,020 in Instant Equity for buyers. Currently in Move-In Ready Condition, the property features RM-4-10 Zoning and a converted garage studio, with proposed plans for an 8-unit development project. Located steps from major hospitals and retail, it ensures high rental demand and significant upside potential. This is a premier acquisition for Developers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4193 4th Ave Subject | $995,000* List Price | 2 | 2 | 1,029 | $1,047 | - |
A 3731 Brant St Sold | $980,000 | 2 | 2 | 980 | $1,000 | 0.6 mi |
B 1042 Lincoln Ave Sold | $1,251,000 | 3 | 3 | 1,164 | $1,075 | 0.4 mi |
C 1295 Essex Street Sold | $790,000 | 2 | 1 | 672 | $1,176 | 0.7 mi |
D 301 W Brookes Avenue Sold | $1,065,000 | 3 | 2 | 1,323 | $805 | 0.8 mi |
E 1081 Hayes Avenue Pending | $1,149,000 List Price | 3 | 1 | 980 | $1,172 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1927, the property is in move-in ready condition with significant updates. The kitchen features stainless steel appliances, stone countertops, and updated cabinetry. The bathrooms have been modernized with contemporary tiling and fixtures. The interior shows well-maintained hardwood floors and neutral paint, indicating consistent upkeep and renovations likely within the last 10-15 years.
Zoned RM-4-10 within the Complete Communities Overlay, the property includes proposed plans for an 8-unit project, offering massive upside for investors and developers.
Boasting exceptional walkability, the home is situated steps from major hospitals, retail, and dining, ensuring high demand for long-term rentals or traveling nurse housing.
The inclusion of a bonus room and a converted garage studio provides flexible living options, ideal for a home office, guest suite, or immediate multi-stream rental income.
The 3,001 SF lot is relatively compact, which may restrict traditional yard space and limit options for those seeking a larger private outdoor area.
Built in 1927, the property may require specialized maintenance or future infrastructure updates typical of homes from this era, despite its current well-maintained condition.
Price Reduced again Now $999,000 — Bring Your Offers! Prime corner-lot opportunity in the heart of highly desirable Hillcrest, ideally located at 4th Ave & Arbor. This charming 2-bedroom + bonus room, 1.5-bath home offers 1,029 SF on a 3,001 SF lot and is zoned RM-4-10 within the Complete Communities Overlay, creating exceptional upside potential. Property Highlights: Bonus room with potential for a 3rd bedroom Converted garage, ideal for a studio, office, or flex space Low-maintenance backyard Plenty of off-street parking Well-maintained and in good overall condition Unbeatable walkability, just steps from shopping, restaurants, and major hospitals Perfect for rental income, Airbnb, or traveling nurse housing. A strong investment opportunity in one of San Diego’s most sought-after neighborhoods. Developers : 1,029 SF existing structure (2BR / 1.5BA + bonus room) Garage converted to studio space Corner lot configuration Walking distance to hospitals, retail, and dining Strong rental demand submarket Developer Package Available: Historically cleared Proposed plans for 3-story, 8-unit project (5,891 SF) TOPO map Sewer map
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 | 1,029 | 1,888 | 7% |
| Lot Size | - | 5,213 | 19% |
| Price | $995.0K | $1.74M | 6% |
| Price per sq ft | $967 | $959 | 52% |
| Built year | 1927 | 1930 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 153 | 14% |
Apr 15, 2026
$995,000
$999,000
+0% Price Increase
Initial Listing
Apr 4, 2026
$999,000
$1,049,000
-5% Price Drop
Initial Listing
Mar 19, 2026
$1,049,000
$1,099,000
-5% Price Drop
Initial Listing
Mar 1, 2026
$1,099,000
Initial Listing