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4375 Temecula Street 77, San Diego, California 92107, San Diego, 92107 - bed, bath

4375 Temecula Street 77, San Diego, California 92107 home-pic-0
ACTIVE$1,795,000
4375 Temecula Street 77, San Diego, California 92107
0Bed
0Bath
1,998Sqft
8,124Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Development Potential: The property offers a rare development opportunity, with potential for up to 12 homes plus ADUs or 30 micro units when combined with the adjacent listing, making it highly attractive for investors and developers.
Top Cons:
Contingent Development Potential: The full development potential is heavily reliant on acquiring the adjacent property and requires confirmation from the City, introducing uncertainty and additional steps for the buyer.

Compared to the nearby listings

Price:$1.79M vs avg $1.79M (+$0)50%
Size:1,998 sqft vs avg 2,112 sqft40%
Price/sqft:$898 vs avg $89850%

More Insights

Built in 1929 (96 years old).
Condition: The property was built in 1929, making it very old. While the listing states that 'each unit has undergone recent upgrades' and is occupied by 'quality tenants,' implying functionality, the provided images are architectural plans for a potential new development and do not show the current interior condition of the existing units. Without visual evidence of the kitchens, bathrooms, flooring, or appliances, and given the significant age of the structure, it's reasonable to assume that despite recent upgrades, the property likely exhibits signs of age and may have outdated styles or systems that are functional but not fully modernized. This aligns with the 'Fair' criteria of being aged but maintained through regular upkeep and occasional updates, with major components being functional but showing signs of being outdated.
Year Built
1929
Close
-
List price
$1.79M
Original List price
$1.9M
Price/Sqft
$898
HOA
-
Days on market
-
Sold On
-
MLS number
OC25186368
Home ConditionFair
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 4363-4365 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 (4377) 2BR/2BA unit (approx. 1,200 sf) and (4375) 2BR/2BA unit (approx. 785 sf) above a 3-car garage. The neighboring listing’s unit mix is (4365) 2BR/2BA unit (approx. 900 sf) and (4363) 2BR/1BA unit (approx. 963 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 4363-4365 Temecula.

Condition Rating
Fair
The property was built in 1929, making it very old. While the listing states that 'each unit has undergone recent upgrades' and is occupied by 'quality tenants,' implying functionality, the provided images are architectural plans for a potential new development and do not show the current interior condition of the existing units. Without visual evidence of the kitchens, bathrooms, flooring, or appliances, and given the significant age of the structure, it's reasonable to assume that despite recent upgrades, the property likely exhibits signs of age and may have outdated styles or systems that are functional but not fully modernized. This aligns with the 'Fair' criteria of being aged but maintained through regular upkeep and occasional updates, with major components being functional but showing signs of being outdated.
Pros & Cons

Pros

Exceptional Development Potential: The property offers a rare development opportunity, with potential for up to 12 homes plus ADUs or 30 micro units when combined with the adjacent listing, making it highly attractive for investors and developers.
Prime Point Loma Heights Location: Nestled in a quiet, desirable neighborhood, the property is minutes from Ocean Beach, Mission Bay, and Pacific Beach, offering easy access to top amenities and the San Diego coastline.
Existing Income-Generating Property: Currently configured as a duplex with two units, the property provides immediate rental income, making it a viable investment even before redevelopment.
Scalable Investment Opportunity: The option to purchase with the adjacent listing significantly expands the total lot size to 14,380 SF, offering greater flexibility and scope for a larger-scale development project.
Upgraded Units & Quality Tenants: The existing units have undergone recent upgrades and are occupied by quality tenants, ensuring stable income and reduced immediate maintenance for the new owner.

Cons

Contingent Development Potential: The full development potential is heavily reliant on acquiring the adjacent property and requires confirmation from the City, introducing uncertainty and additional steps for the buyer.
Age of Existing Structures: Built in 1929, the existing structures are significantly old, which may imply higher maintenance costs or require substantial demolition/renovation for redevelopment, despite recent unit upgrades.
Recent Price Reductions: The listing has undergone multiple price reductions, suggesting it may have been initially overpriced or is facing market resistance, potentially indicating a longer sales cycle or further negotiation.

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