4209 Alder Dr, San Diego, California 92116, San Diego, 92116 - 2 bed, 2 bath
4209 Alder Dr
San Diego, California 92116
Property Price
SUMMARY
Analysis of 4209 Alder Dr, San Diego, California 92116 reveals a property with a current list price of $2,200,000, which is 10% above the estimated $1,990,460 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4209 Alder Dr Subject | $2,200,000* List Price | 2 | 2 | 1,588 | $1,253 | - |
A 4386 Argos Dr Sold | $1,780,000 | 3 | 2 | 1,515 | $1,175 | 0.3 mi |
B 4750 Vista St Sold | $1,540,000 | 3 | 2 | 1,232 | $1,250 | 0.1 mi |
C 4965 Marlborough Drive Pending | $1,850,000 List Price | 3 | 2 | 1,815 | $1,019 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation that blends historical charm with modern luxury. The kitchen is fully updated with designer cabinetry, high-end stainless steel appliances, quartz countertops, and a butcher-block island. The home features updated electrical systems with app-controlled lighting and pool features, a SimpliSafe security system, and well-maintained hardwood floors. The exterior is in pristine condition with a resort-style backyard, including a heated pool, spa, and sauna, meeting the highest standards for a recently renovated property.
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 = 10250, living area = 1588.
- ADU Potential
The property includes an approved ADU conversion permit for the garage, offering a rare and valuable opportunity for rental income or expanded living space.
- Resort-Style Backyard
The expansive 10,250 sqft lot features a heated pool, spa, dry sauna, outdoor shower, and a private yoga retreat, creating a premium outdoor living experience.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10250, other record lot size in square feet = 10083. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- High Price per Bedroom
At a $2.2M list price for only two bedrooms, the property represents a high entry cost that may limit the buyer pool to smaller households.
- Vintage Maintenance Requirements
Being nearly a century old, the original historical elements like windows and stucco may require specialized and costly ongoing maintenance.
About 4209 Alder Dr
Discover your new retreat in San Diego's beloved Kensington neighborhood. This charming Spanish ranch offers 2 bedrooms, 2 baths, and a large private lot that also includes an approved ADU conversion permit (contingent on final payment) for the garage, presenting a rare opportunity for added living space or rental potential. Upon entry to this gem, a formal living room with a cozy fireplace and original Batchelder tile greets you, leading to your formal dining area. Retreat to the primary bathroom, where a relaxing steam shower creates a private spa atmosphere. The renovated kitchen features designer cabinets with a wine fridge, as well as a bar, overlooking a comfortable family room. Relax on the charming, covered porch of a backyard that is the undeniable star of the home, offering a resort-style oasis with a heated pool and spa, a dry sauna, outdoor shower and lush landscaping. Steps descend to a private detached structure, perfectly suited for yoga, meditation, or a creative retreat. You’ll also enjoy a garden featuring lime, avocado, lemon, nectarine, and tangerine trees. Historical elements include original windows and stucco, with some restored. Modern conveniences include a SimpliSafe system, and app-controlled pool and lighting. This stunning property is perfect for those seeking comfort and style in Kensington.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1927
- Lot Size
- 10,250 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Franklin Elementary School
Grades K-5 • 0.4 mi
Normal Heights Elementary School
Grades K-5 • 0.6 mi
Adams Elementary School
Grades K-5 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,588 | 1,491 | 57% |
| Lot Size | 10,250 | 5,070 | 87% |
| Price | $2.20M | $1.35M | 90% |
| Price per sq ft | $1.4K | $941 | 97% |
| Built year | 1927 | 1929 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 165 | 4% |
Pricing History
Listed for Sale
Feb 6, 2026
$2,200,000
Initial Listing
Sold
Jul 2, 2020
$1,210,000
Public Record
Sold
Apr 11, 2018
$1,020,000
Public Record
Sold
Feb 23, 2007
$815,000
Public Record
Sold
Feb 23, 2007
$372,000
Public Record