4655 Campus Ave, San Diego, California 92116, San Diego, 92116 - 5 bed, 3 bath
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San Diego, California 92116
This property presents a High-Potential Investment Opportunity with a List Price of $1,449,500—positioned slightly above the $1,448,184 Fair Market Value. While the price reflects current market stability, the Zoning RM-2-5 and Tier 2 Complete Communities designation provide significant upside for redevelopment. With a Condition Rating of 5, the structure requires a comprehensive renovation, yet the 6,821 square foot lot and City Views offer a rare canvas for value-add strategies. This is an ideal acquisition for Real Estate Developers or Buy-and-Hold Investors targeting high-density urban growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4655 Campus Ave Subject | $1,449,500* List Price | 5 | 3 | 2,688 | $539 | - |
A 4581 Georgia Street Active | $1,570,000 List Price | 5 | 4 | 3,258 | $482 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910, the property is explicitly marketed as a 'renovation project' or 'redevelopment opportunity.' While the description mentions 'immediate utility,' the focus on land value, zoning density, and the need for 'repositioning' indicates that the kitchen, baths, and systems are likely original or significantly outdated, requiring a full rehab.
Zoned RM-2-5 and situated within Tier 2 of the Complete Communities Housing Solutions program, the property offers significant density bonuses and redevelopment flexibility in a high-demand submarket.
Located in the heart of University Heights, the property enjoys exceptional walkability to a vibrant mix of restaurants, retail, and nightlife, making it highly attractive for future tenants or buyers.
The 6,821 square foot lot is notably large for this urban neighborhood, providing a rare canvas for a small-scale infill project or a comprehensive luxury renovation with potential city views.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
Originally built in 1910, the existing 5-bedroom structure likely requires substantial capital investment for modernization and structural updates to meet current market standards.
With a list price of nearly $1.45M, the acquisition cost presents a high barrier to entry for developers when factoring in the additional costs of demolition or full-scale repositioning.
4655 Campus Avenue presents a rare small-scale infill and redevelopment opportunity or renovation project in the highly sought-after University Heights neighborhood of San Diego. Situated on a 6,821 square foot lot, the property is currently improved with a spacious 5-bedroom, 2.5-bathroom home, offering immediate utility with strong potential for repositioning or redevelopment. Zoned RM-2-5 and located within Tier 2 of the City of San Diego’s Complete Communities Housing Solutions program, the site benefits from increased density allowances and development flexibility, making it well-suited for a variety of strategies. Buyers can explore options ranging from renovating and optimizing the existing structure to a more comprehensive redevelopment that capitalizes on the zoning incentives. Ideally positioned in one of San Diego’s most vibrant and walkable urban neighborhoods, the property is surrounded by a dynamic mix of restaurants, coffee shops, boutique retail, and nightlife. With potential for city views and long-term upside, 4655 Campus Avenue offers a compelling blend of current income potential and future development opportunity in a supply-constrained submarket.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,688 | 1,777 |
| Lot Size | - | 6,600 |
| Price | $1.45M | $1.24M |
| Price per sq ft | $539 | $743 |
| Built year | 1910 | 1972 |
| HOA | $0 | $200 |
| Days on market | 78 | 39 |
May 5, 2026
$1,449,500
Initial Listing