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4495 Montalvo St, San Diego, California 92107, San Diego, 92107 - 2 bed, 2 bath

4495 Montalvo St, San Diego, California 92107 home-pic-0
ACTIVE$1,250,000
4495 Montalvo St, San Diego, California 92107
2Beds
2Baths
981Sqft
4,920Lot

Price Vs. Estimate

The estimated value ($1,322,859.61) is $72,859.61 (5%) higher than the list price ($1,250,000). This property may be underpriced.

Key pros and cons

Top Pros:
Exceptional Development Potential: RM-3-7 zoning provides significant flexibility for unlocking additional units or expanding living space, and its location outside the Coastal Commission zone streamlines permitting processes.
Top Cons:
Mature Property Age: Built in 1940, the home is over 80 years old, which may imply potential for future maintenance or upgrades to original systems not explicitly covered by recent interior renovations.

Compared to the nearby listings

Price:$1.25M vs avg $1.81M ($-565,000)11%
Size:981 sqft vs avg 1,955 sqft10%
Price/sqft:$1.3K vs avg $98379%

More Insights

Built in 1940 (85 years old).
Condition: Built in 1940, this property is 84 years old. While the listing mentions 'updated interiors including refreshed baths, new flooring,' and the images show new hardwood floors and a modern-looking bathroom vanity/tile, the kitchen retains its original 1940s-style cabinets and sink, which are significantly outdated despite newer appliances. The presence of a window AC unit and wall heater suggests a lack of central HVAC. These factors indicate that while the home is well-maintained and livable, it requires substantial updates to the kitchen and major systems (HVAC) to meet current quality standards, aligning with a 'Fair' condition.
Year Built
1940
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$1,274
HOA
-
Days on market
-
Sold On
-
MLS number
250042712SD
Home ConditionFair
Features
Good View: Ocean, Peek-A-Boo
ViewOcean, Peek-A-Boo

About this home

4495 Montalvo St offers a rare opportunity to invest in a beach-area property with fewer barriers to growth. Sitting just outside the Coastal Commission zone, improvements and permitting can be approached more directly and efficiently. The RM-3-7 zoning provides flexibility to unlock additional units or expand living space, giving you a clear path to maximizing long-term value. The existing 2 bedroom 1.5 bath home features updated interiors including refreshed baths, new flooring and light-filled living spaces with partial ocean views. Enrollment in the Quiet Home window upgrade program has already been approved for this year, further enhancing desirability. Perfectly positioned between Ocean Beach and Point Loma, this address offers strong lifestyle appeal and rental demand. Minutes to beaches, cafes, shopping and major connectors, it is truly an investment that performs today while offering meaningful development potential ahead.

Condition Rating
Fair
Built in 1940, this property is 84 years old. While the listing mentions 'updated interiors including refreshed baths, new flooring,' and the images show new hardwood floors and a modern-looking bathroom vanity/tile, the kitchen retains its original 1940s-style cabinets and sink, which are significantly outdated despite newer appliances. The presence of a window AC unit and wall heater suggests a lack of central HVAC. These factors indicate that while the home is well-maintained and livable, it requires substantial updates to the kitchen and major systems (HVAC) to meet current quality standards, aligning with a 'Fair' condition.
Pros & Cons

Pros

Exceptional Development Potential: RM-3-7 zoning provides significant flexibility for unlocking additional units or expanding living space, and its location outside the Coastal Commission zone streamlines permitting processes.
Premier Coastal Location: Strategically positioned between Ocean Beach and Point Loma, offering strong lifestyle appeal, high rental demand, and immediate access to beaches, cafes, shopping, and major connectors.
Updated & Inviting Interiors: The existing home features refreshed bathrooms, new flooring, and light-filled living spaces, providing a comfortable and move-in ready environment.
Desirable Ocean Views: The property offers partial ocean views, adding a premium aesthetic and enhancing its overall appeal and market value.
Approved Noise Reduction Upgrade: Enrollment in the Quiet Home window upgrade program has been approved, promising enhanced comfort and quietness for future occupants.

Cons

Mature Property Age: Built in 1940, the home is over 80 years old, which may imply potential for future maintenance or upgrades to original systems not explicitly covered by recent interior renovations.
Modest Current Living Space: The existing 981 sqft, 2-bedroom, 1.5-bath configuration is relatively small, potentially limiting immediate appeal for buyers seeking larger primary residences without immediate expansion plans.
High Entry Price for Existing Structure: The $1.25M list price is substantial for the current modest-sized home, indicating a significant premium placed on the land value and future development potential rather than the existing dwelling.

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