
San Diego, California 92116
This 1928 Craftsman Bungalow is a Strong Value Opportunity, listed at $949,000—positioned well below the $968,359 Fair Market Value by 2%. This valuation gap offers $19,359 in Instant Equity. Featuring a Condition Rating of 2, the home boasts a modernized kitchen and preserved historic charm. With RM-1-1 Zoning and alley access, it provides significant ADU potential. Perfectly situated near Normal Heights Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4521 39th St. Subject | $899,000* List Price | 2 | 1 | 748 | $1,265 | - |
A 4517 19 34th Street Sold | $975,000 | 2 | 2 | 803 | $1,214 | 0.6 mi |
B 4762 E Mountain View Drive Sold | $1,020,000 | 2 | 1 | 838 | $1,217 | 0.4 mi |
C 4081 Meade Ave Sold | $848,000 | 3 | 2 | 911 | $931 | 0.2 mi |
D 4561 Bancroft Sold | $935,000 | 2 | 2 | 800 | $1,169 | 0.8 mi |
E 4463 Bancroft Street Sold | $1,052,000 | 2 | 2 | 978 | $1,076 | 0.8 mi |
F 5040 Raymond Place Sold | $970,000 | 2 | 1 | 940 | $1,032 | 0.8 mi |
G 4411 Mcclintock Pending | $759,000 List Price | 2 | 1 | 672 | $1,129 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1928 build date, the property features a high-end renovation likely completed within the last 5 years. The kitchen is fully modernized with two-tone shaker cabinetry, quartz countertops, and stainless steel appliances. The bathroom has been updated with contemporary subway tile, and the interior maintains mint-condition hardwood floors and fresh paint, requiring no immediate maintenance.
The RM-1-1 zoning combined with alley access and off-street parking for three vehicles provides significant long-term value and the ideal setup for a future ADU.
This 1928 Craftsman bungalow features beautifully preserved original woodwork, built-ins, and hardwood floors, complemented by a modern updated kitchen and bathroom.
Perfectly situated in the heart of Normal Heights, the property is within walking distance to Ward Canyon Park and the vibrant dining and shopping corridors of both Normal Heights and Kensington.
With only 748 square feet of living area, the home's compact footprint may be a challenge for buyers requiring more interior space or storage.
The presence of only one bathroom can be a drawback for families or those who frequently host guests, potentially impacting the home's competitive edge at this price point.
Step into the timeless charm of this beautifully preserved 1928 Craftsman bungalow in the heart of highly sought-after Normal Heights. A classic covered front porch with signature tapered columns welcomes you inside, where rich hardwood floors, original woodwork, built-in cabinetry, and a stunning stone fireplace showcase the home’s authentic character. The light-filled living and dining areas flow effortlessly into an updated galley kitchen featuring abundant cabinetry, generous counter space, and gas cooking, blending vintage craftsmanship with modern convenience. Two spacious bedrooms, a beautifully updated bathroom, full-size side-by-side laundry, and ceiling fans throughout complete this inviting single-level home. The private backyard offers endless possibilities with mature shade trees, a patio for outdoor dining and entertaining, room for gardens or a fire pit, plus a detached storage structure. Alley access provides off-street parking for three vehicles and creates an ideal setup for a potential future ADU with a separate entrance. Zoned RM-1-1, the property offers additional flexibility and long-term potential for homeowners and investors alike. Perfectly situated between Madison and Monroe, you’re just moments from Ward Canyon Park and within walking distance to the vibrant cafés, restaurants, boutiques, and shops of both Normal Heights and Kensington, with convenient freeway access placing the best of San Diego within easy reach.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.3 |
| Baths | 1.0 | 2.3 |
| Square foot | 748 | 1,777.941 |
| Lot Size | 3,958 | 6,474.445 |
| Price | $899.0K | $1.27M |
| Price per sq ft | $1.2K | $741 |
| Built year | 1928 | 1971 |
| HOA | $0 | $184 |
| Days on market | 47 | 40 |
Aug 21, 2026
$899,000
$949,000
-5% Price Drop
Initial Listing
Jul 24, 2026
$949,000
Initial Listing
Nov 5, 2020
$525,000
Public Record