
San Diego, California 92116
This Charming Single-Family Residence is a High-Potential Investment Opportunity, listed at $1,199,900—positioned above the $1,069,334 Fair Market Value by 12%. While priced at a premium, the property features an Exceptional 16,002 sqft Lot and a Good Condition Rating, offering significant potential for ADU development or expansion. Located in University Heights near top-rated schools like Birney Elementary, this home blends historic character with a modern wraparound deck. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation in a prime urban location.
Property is move-in ready.
Although built in 1940, the property is well-maintained and move-in ready with a blend of historic character and modern updates. It features a newer expansive wraparound deck, polished hardwood floors, and updated interior paint and fixtures. The kitchen and bathrooms appear functional and updated within the 5-15 year range, meeting the criteria for good condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16002, living area = 946.
The property sits on an expansive 16,002 sqft lot, which is exceptionally rare for University Heights and offers significant potential for expansion, ADU development, or premium outdoor living.
Built in 1940, the home preserves its classic character with original wood floors, elegant wainscoting, crown molding, and built-ins, blending vintage aesthetics with modern updates like the newer wraparound deck.
At just 946 square feet, the living space is relatively small for the $1.199M price point, resulting in a high price-per-square-foot that may deter buyers looking for more interior volume.
While the description highlights 'gorgeous views,' the official MLS classification is 'Peek-A-Boo,' suggesting the vistas may be partially obstructed and might not meet the expectations of a true view-oriented buyer.
Fall in love with breathtaking vistas from this University Heights gem! Seamlessly blending historic soul with modern living, this charming single-level home is an absolute standout. Step inside to find gorgeous, gleaming wood floors that guide you into a formal dining room rich with character - think elegant wainscoting, crisp crown molding, and timeless built-ins. The layout features two generously sized bedrooms with excellent living space and two pristine full baths. In addition, a versatile enclosed patio offers the perfect bonus space to fit your lifestyle. But the real showstopper lies just outside: an expansive, newly built wraparound view deck overlooking a low-maintenance succulent garden and canyon. Start your morning with a peek of the sparkling San Diego Bay, and end your day on the deck taking in spectacular, 180-degree sunset views. Complete with a rare detached two-car garage, you’re just moments from vibrant shopping, dining, Mission Valley, and seamless 163 freeway access. Your urban sanctuary awaits!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 946 | 1,777 |
| Lot Size | 16,002 | 6,600 |
| Price | $1.15M | $1.24M |
| Price per sq ft | $1.2K | $743 |
| Built year | 1940 | 1972 |
| HOA | $0 | $200 |
| Days on market | 28 | 39 |
Jul 11, 2026
$1,149,900
$1,199,900
-4% Price Drop
Initial Listing
Jun 24, 2026
$1,199,900
Initial Listing