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4363 Temecula Street, San Diego, California 92107, San Diego, 92107 - bed, bath

4363 Temecula Street, San Diego, California 92107 home-pic-0
ACTIVE$1,495,000
4363 Temecula Street, San Diego, California 92107
0Bed
0Bath
1,863Sqft
6,251Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Development Potential: Explicitly highlighted as a 'rare development opportunity' with significant capacity for new units (up to 12 homes + ADUs or 30 micro units) when combined with the adjacent property.
Top Cons:
Development Confirmation Uncertainty: The significant development potential is 'to be confirmed with the City,' introducing a level of risk and requiring extensive due diligence from a prospective buyer.

Compared to the nearby listings

Price:$1.50M vs avg $1.60M ($-105,000)40%
Size:1,863 sqft vs avg 2,112 sqft40%
Price/sqft:$802 vs avg $80250%

More Insights

Built in 1952 (73 years old).
Condition: Despite being built in 1952, the property's units have undergone recent upgrades, as confirmed by the listing description and images. The kitchens feature modern white shaker cabinets, stainless steel appliances, subway tile backsplashes, and recessed lighting. Bathrooms are updated with contemporary vanities, fixtures, and subway tile. Hardwood or laminate flooring is present throughout the living areas and bedrooms, with tile in the bathrooms, indicating a move-in ready condition. While the underlying structure is older, the visible living spaces reflect renovations likely completed within the last 5-15 years, aligning with a 'Good' condition score. The age of the overall building and potential for older major systems (not explicitly detailed as new) prevents an 'Excellent' rating.
Year Built
1952
Close
-
List price
$1.5M
Original List price
$1.6M
Price/Sqft
$802
HOA
-
Days on market
-
Sold On
-
MLS number
OC25186315
Home ConditionGood
Features
View-

About this home

Discover a rare development opportunity in the heart of Point Loma Heights! Can be sold together with the next door listing at 4375-4377 Temecula St. 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.

Condition Rating
Good
Despite being built in 1952, the property's units have undergone recent upgrades, as confirmed by the listing description and images. The kitchens feature modern white shaker cabinets, stainless steel appliances, subway tile backsplashes, and recessed lighting. Bathrooms are updated with contemporary vanities, fixtures, and subway tile. Hardwood or laminate flooring is present throughout the living areas and bedrooms, with tile in the bathrooms, indicating a move-in ready condition. While the underlying structure is older, the visible living spaces reflect renovations likely completed within the last 5-15 years, aligning with a 'Good' condition score. The age of the overall building and potential for older major systems (not explicitly detailed as new) prevents an 'Excellent' rating.
Pros & Cons

Pros

Exceptional Development Potential: Explicitly highlighted as a 'rare development opportunity' with significant capacity for new units (up to 12 homes + ADUs or 30 micro units) when combined with the adjacent property.
Prime Point Loma Heights Location: Situated in a 'quiet, desirable neighborhood' with excellent proximity to Ocean Beach, Mission Bay, Pacific Beach, and San Diego's coastline, enhancing desirability for both residents and future developments.
Immediate Income Generation: The property currently operates as a duplex with 'recent upgrades and placed with quality tenants,' providing a stable rental income stream from day one.
Scalable Investment Opportunity: The option to purchase this property alongside the adjacent listing (4375-4377 Temecula St) creates a substantial 14,380 SF combined lot, unlocking maximum development potential and investment scale.
Recent Unit Upgrades: Both existing units have undergone 'recent upgrades,' minimizing immediate maintenance concerns and enhancing their appeal to current and future tenants.

Cons

Development Confirmation Uncertainty: The significant development potential is 'to be confirmed with the City,' introducing a level of risk and requiring extensive due diligence from a prospective buyer.
Property Age & Potential Infrastructure Needs: Built in 1952, the underlying structure is over 70 years old, which may imply higher maintenance costs or require substantial investment for redevelopment, even with recent unit upgrades.
Contingent on Adjacent Purchase for Max Potential: Achieving the highest development density (12 homes/30 micro units) is contingent on acquiring the neighboring property, increasing the overall capital outlay and transactional complexity.

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