4448 Ohio Street, San Diego, California 92116, San Diego, 92116 - 8 bed, 3 bath
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4448 Ohio Street
San Diego, California 92116
ACTIVE
CONDITION: TEAR DOWN
8Beds
3Baths
2,512Sq Ft
6,996Lot Size
Property Price
LIST PRICE$2,500,000
SUMMARY
Property zoned RM-3-9, investors dream. Currently it is a Triplex 3 bedroom 1 bath main home and 2 apartments each with 2 bedroom 1 bath. Lot next to this property will be also for sale soon.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1940 (>80 years old) with no mention of renovations to kitchens, baths, or systems. The listing focuses on the RM-3-9 zoning and 'investor dream' potential, suggesting the property's value lies in redevelopment and land rather than the existing structures.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Development Potential
The RM-3-9 zoning designation provides significant upside for investors, allowing for high-density residential development in the highly desirable Normal Heights submarket.
- Strategic Assemblage Opportunity
The upcoming availability of the adjacent lot offers a rare chance for a developer to acquire a larger contiguous footprint, maximizing the project scale and investment returns.
- Immediate Cash Flow
As an existing triplex featuring a 3-bedroom main house and two 2-bedroom apartments, the property offers immediate rental income to offset carrying costs during the entitlement process.
CONSRISKS & DEFICIENCIES
- Premium Acquisition Cost
With a list price of $2.5 million for a 2,512 square foot triplex, the property is priced at a significant premium that necessitates aggressive development to justify the investment.
- Vintage Infrastructure
Built in 1940, the existing structures likely require substantial maintenance or modernization, which could impact net operating income if not immediately redeveloped.
About 4448 Ohio Street
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1940
- Lot Size
- 6,996 Sq. Ft.
Interior
- Total Bedrooms
- 8
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 3.9 |
| Baths | 3.0 | 3.1 |
| Square foot | 2,512 | 1,907.722 |
| Lot Size | 6,996 | 6,135.853 |
| Price | $2.50M | $1.09M |
| Price per sq ft | $995 | $597 |
| Built year | 1940 | 1971 |
| HOA | $0 | $365 |
| Days on market | 23 | 62 |
Pricing History
Listed for Sale
Oct 2, 2026
$2,500,000
Initial Listing