4727 Choctaw Dr., San Diego, California 92115, San Diego, 92115 - 6 bed, 5 bath
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San Diego, California 92115
This Multi-Unit Historic Asset offers a rare combination of character and income potential, with a List Price of $1,350,000 representing a fair and stable entry at its $1,350,000 Fair Market Value. Featuring three distinct living spaces on a 7,501 sqft lot, the property maintains a functional Condition Rating of 4 with significant value-add potential through modernization. Residents benefit from the 10/10 rated Hearst Elementary School and proximity to the University Heights corridor. This versatile property is an ideal acquisition for Owner-Occupants seeking a high-end house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4727 Choctaw Dr. Subject | $1,350,000* List Price | 6 | 5 | 2,455 | $550 | - |
A 5236 E Falls View Dr Sold | $1,415,000 | 5 | 3 | 2,375 | $596 | 0.6 mi |
B 4941 Gary St. Active | $1,725,000 List Price | 8 | 4 | 2,770 | $623 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is functional and well-maintained but shows clear signs of being outdated. While the front unit retains historic charm, the kitchens and bathrooms feature older styles such as white tile countertops, gold-trimmed shower enclosures, and basic plastic tub surrounds typical of renovations from 15-20 years ago. The presence of window AC units and a mix of original hardwood, laminate, and older tile flooring indicates that the home has not undergone a recent, comprehensive modernization.
Elementary School: Hearst Elementary School (10/10).
The property features three distinct living spaces—a 2BR/2BA front unit, a 3BR/2BA back unit, and a separate studio—providing exceptional flexibility for rental income, house-hacking, or multi-generational living.
Built in 1928, the home retains its original character with high ceilings, wood flooring, classic arches, and a fireplace, offering a unique aesthetic appeal that is highly sought after in San Diego's historic corridors.
Due to the 1928 construction date, the property may require significant investment in modernizing aging systems such as plumbing, electrical, and foundation to meet current standards.
The front and back units share a common wall, which may reduce privacy for occupants and could be a drawback for buyers seeking a traditional detached single-family experience.
This rare 1928 University Heights property offers exceptional versatility with three separate living spaces, ideal for owner-occupants, multi-generational living, or investors seeking strong rental income in one of San Diego’s most desirable central neighborhoods. The charming front unit showcases original 1928s character with high ceilings, wood flooring, classic arches, and no popcorn ceilings. The layout includes a welcoming living room with fireplace, a formal dining area, a spacious family room, and a bright kitchen with a cozy breakfast area plus in-unit washer and dryer. This unit features 2 bedrooms, each with its own full bathroom. The back unit, connected to the front unit by one shared wall, offers 3 bedrooms and 2 full bathrooms, a functional kitchen, and a large combined living/dining area. The primary suite is generously sized and privately located at the end of the unit. A separate studio unit adds even more flexibility for extended family, guests, or additional rental income unknown sq. ft. and not added on the sq. ft. of the home. Located in the highly sought-after University Heights/Normal Heights corridor, near North Park, Hillcrest, and major commuter routes, this property is a must-see for buyers who value historic charm, walkability, and long-term upside. Ideal for homeowners, investors, or developers exploring highest-and-best-use opportunities. Zoning may allow for redevelopment; buyers to verify all possibilities with the city.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 0.8 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 94% |
| Baths | 5.0 | 2.0 | 97% |
| Square foot | 2,455 | 1,296 | 90% |
| Lot Size | 7,501 | 6,100 | 74% |
| Price | $1.35M | $949.5K | 83% |
| Price per sq ft | $550 | $733 | 13% |
| Built year | 1928 | 1951 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 315 | 161 | 0% |
Jun 11, 2025
$1,350,000
Initial Listing