
San Diego, California 92107
This Residential Income Duplex represents a High-Potential Investment Opportunity with a List Price of $1,494,999, reflecting a stable entry point at its $1,494,999 Fair Market Value. Currently maintaining a Fair Condition Rating, the property features a private patio and two upgraded units providing immediate cash flow. The primary appeal is the Significant Development Upside, allowing for up to 30 micro-units in the heart of Point Loma Heights. This coastal asset is a premier choice for Developers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4363 Temecula Street Subject | $1,494,999* List Price | 0 | 0 | 1,863 | $802 | - |
A 4375 Temecula Street 77 Active | $1,794,999 List Price | 0 | 0 | 1,998 | $898 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, the property is over 70 years old. While the listing mentions recent upgrades and photos show newer vinyl flooring and a stainless refrigerator, the kitchen remains dated with older oak cabinetry and laminate countertops. The exterior siding and trim show visible wear. It is functional and tenant-occupied, but requires significant modernization of core systems and finishes to move beyond a 'fair' rating.
The property offers exceptional investment potential with the ability to develop up to 12 homes or 30 micro-units when combined with the adjacent lot, capitalizing on high-density zoning opportunities.
Nestled in the desirable Point Loma Heights neighborhood, the property is minutes away from Ocean Beach and Mission Bay, providing high demand for both tenants and future buyers.
With recent upgrades and quality tenants already in place, the existing duplex provides immediate cash flow and reduced vacancy risk for an investor during the entitlement process.
Built in 1952, the original structures may require more intensive long-term maintenance or system updates compared to modern builds, despite recent cosmetic improvements.
The highest and best use of the property is heavily dependent on acquiring the neighboring parcel, which may increase the complexity and capital requirements of the investment.
Existing duplex or development opportunity in the heart of Point Loma Heights! Can be sold together with the next door listing at 4375-4377 Temecula St. which is also an existing duplex with two detached units. Combined, these two multi-family properties at Temecula St offer an exceptional investment opportunity with 14,380 SF of lot area, with 115' of street and alley frontage and 125' lot depth. Currently, each lot features two single-family homes, for a total of four units. Each unit has undergone recent upgrades and placed with quality tenants. The unit mix is (4365) 2BR/2BA unit (approx. 900 sf) and (4363) 2BR/1BA unit (approx. 963 sf) above a 3-car garage. The neighboring listing's unit mix is (4377) 2BR/1BA unit (approx. 1,200 sf) and (4375) 2BR/1BA unit (approx. 785 sf) above a 3-car garage. Nestled in a quiet, desirable neighborhood, just minutes from Ocean Beach, Mission Bay, and Pacific Beach, with easy access to top restaurants, shopping, and the stunning San Diego coastline. Potential development, to be confirmed with the City, includes the development of up to 12 homes plus ADUs or up to 30 micro units, when combined with the next door listing at 4375-4377 Temecula.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,863 | 1,962 |
| Lot Size | 6,251 | 7,200.5 |
| Price | $1.49M | $984.4K |
| Price per sq ft | $802 | $614 |
| Built year | 1952 | 1979 |
| HOA | $0 | $374 |
| Days on market | 331 | 43 |
May 1, 2026
$1,494,999
$1,495,000
+0% Price Increase
Initial Listing
Dec 8, 2025
$1,495,000
$1,595,000
-6% Price Drop
Initial Listing
Oct 30, 2025
$1,595,000
Initial Listing
Aug 25, 2025
$1,599,000
Initial Listing