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4259 61 Maryland Street, San Diego, California 92103, San Diego, 92103 - bed, bath

4259 61 Maryland Street, San Diego, California 92103 home-pic-0
ACTIVE$1,530,000
4259 61 Maryland Street, San Diego, California 92103
0Bed
0Bath
1,446Sqft
4,915Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Income Potential & Versatility: The property features two separate detached homes, offering significant flexibility for owner-occupancy with rental income, multi-generational living, or multiple rental streams (long-term/short-term), including an extra 500 sq ft of convertible space for additional earning potential.
Top Cons:
Premium Price Point: The list price of $1.53 million represents a significant investment, potentially limiting the pool of prospective buyers, even in a desirable San Diego market.

Compared to the nearby listings

Price:$1.53M vs avg $1.53M (+$0)50%
Size:1,446 sqft vs avg 1,446 sqft50%
Price/sqft:$1.1K vs avg $84467%

More Insights

Built in 2010 (15 years old).
Condition: The property, built in 2010, has undergone a recent and extensive renovation, as explicitly stated in the description and visually confirmed by the images. The kitchen is a prime example, featuring modern white shaker cabinets, stainless steel appliances, light countertops, and a stylish blue mosaic backsplash, all appearing virtually new. Consistent light wood-look flooring, fresh paint, modern light fixtures (recessed lighting, ceiling fans), and mini-split AC units throughout the living areas and bedrooms contribute to a pristine, move-in ready condition with no deferred maintenance. The overall aesthetic is contemporary and high-quality, aligning with properties extensively renovated within the last 5 years.
Year Built
2010
Close
-
List price
$1.53M
Original List price
$1.53M
Price/Sqft
$1,058
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2507175
Home ConditionExcellent
Features
Patio
View-

About this home

Two homes available in University Heights. Nestled in one of San Diego’s most walkable neighborhoods this recently renovated duplex offers the perfect blend of style, comfort, and versatility. Featuring two separate detached homes, live in one home and rent the other! Located just steps away from premier shopping, dining, and the Hillcrest farmers market- which offers fresh produce and artisanal goods every Sunday. The main residence is a spacious 3-bedroom 2-bathroom home. Enjoy a rare ground level laundry and storage room. An extra 500 square feet of potential living space, convert it into your office or private gym or a studio apartment for even more earning potential. The second home is a charming 1-bedroom 1-bathroom home with approximately 500 sq ft of living space, its own private outdoor space, and convenient alley parking. Creatively painted to fit the spirit of the neighborhood, it would be ideal for a themed short term rental, private guest house, or income-generating long-term lease. Live luxuriously while generating passive income, accommodating extended family, or simply enjoying the flexibility of a dual-living estate - opportunities like this are rare.

Condition Rating
Excellent
The property, built in 2010, has undergone a recent and extensive renovation, as explicitly stated in the description and visually confirmed by the images. The kitchen is a prime example, featuring modern white shaker cabinets, stainless steel appliances, light countertops, and a stylish blue mosaic backsplash, all appearing virtually new. Consistent light wood-look flooring, fresh paint, modern light fixtures (recessed lighting, ceiling fans), and mini-split AC units throughout the living areas and bedrooms contribute to a pristine, move-in ready condition with no deferred maintenance. The overall aesthetic is contemporary and high-quality, aligning with properties extensively renovated within the last 5 years.
Pros & Cons

Pros

Exceptional Income Potential & Versatility: The property features two separate detached homes, offering significant flexibility for owner-occupancy with rental income, multi-generational living, or multiple rental streams (long-term/short-term), including an extra 500 sq ft of convertible space for additional earning potential.
Highly Desirable & Walkable Location: Situated in University Heights, one of San Diego's most walkable neighborhoods, with immediate access to premier shopping, dining, and the popular Hillcrest Farmers Market.
Recent Renovation & Modern Appeal: The duplex has been recently renovated, ensuring a blend of style and comfort, which enhances its marketability and reduces immediate upgrade needs for new owners.
Significant Value-Add Opportunity: An additional 500 sq ft of ground-level space in the main residence offers clear potential for conversion into an office, gym, or even a third income-generating studio apartment.
Detached Units with Private Amenities: Unlike many duplexes, both homes are detached, providing enhanced privacy, with the second unit benefiting from its own private outdoor space and convenient alley parking.

Cons

Premium Price Point: The list price of $1.53 million represents a significant investment, potentially limiting the pool of prospective buyers, even in a desirable San Diego market.
Limited Total Living Space for Price: With a combined 1446 sq ft across both units, the property offers relatively compact living spaces for its high price tag, which might not appeal to buyers seeking larger homes.
Potential for Parking Constraints: While the second unit has alley parking, the description does not explicitly detail dedicated parking for the main residence, which could be a concern in a dense urban neighborhood like University Heights.

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