
San Diego, California 92117
This High-Yield Development Asset is listed at $1,100,000, reflecting the premium value of its advanced entitlement status relative to the $1,026,156 Fair Market Value. Boasting an Excellent Condition Rating, the fully remodeled 3-bedroom home features a modern kitchen and private patio, ensuring immediate rental income or occupancy. The property’s primary upside lies in the four new ADUs currently in the approval process, situated within the San Diego Unified district near Top-Rated Holmes Elementary (9/10). This rare turnkey-to-multiplex opportunity is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-density house hack in Clairemont Mesa.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4773 Aberdeen Street Subject | $1,025,000* List Price | 3 | 2 | 1,032 | $959 | - |
A 4725 Conrad Sold | $920,000 | 3 | 2 | 1,008 | $913 | 0.1 mi |
B 4862 Kings Sold | $987,000 | 3 | 1 | 1,008 | $979 | 0.3 mi |
C 4509 Manitou Way Sold | $1,100,000 | 3 | 2 | 1,006 | $1,093 | 0.5 mi |
D 5137 Derrick Court Sold | $960,000 | 3 | 1 | 1,008 | $952 | 0.7 mi |
E 5302 Lehrer Drive Sold | $910,000 | 3 | 1 | 1,000 | $910 | 0.6 mi |
F 5162 Limerick Ave Sold | $1,130,000 | 3 | 2 | 1,200 | $942 | 0.6 mi |
G 4774 Appleton Street Active | $1,025,000 List Price | 3 | 2 | 1,070 | $958 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1956, the property has been fully and recently renovated within the last 5 years. The interior features a modern kitchen with shaker-style cabinetry, stone countertops, and stainless steel appliances. The home includes updated bathrooms with contemporary tile work, new laminate flooring throughout, modern light fixtures, and a recently installed mini-split HVAC system, meeting the criteria for excellent condition.
Elementary School: Holmes Elementary School (9/10).
The property includes plans for four new ADUs across two detached duplexes that are well into the approval process, providing a massive value-add opportunity for investors to create a five-unit income stream.
The primary residence is fully remodeled with a new kitchen, bathrooms, and flooring, and is currently tenant-occupied, ensuring immediate rental income with no initial renovation costs.
With only 1,032 square feet for a three-bedroom configuration, the primary home's interior may feel small or cramped for families seeking more spacious living areas.
While the ADU plans are a benefit, the buyer must still navigate the completion of the permitting process and manage significant construction, which requires substantial additional capital and time.
A rare opportunity in the heart of Clairemont Mesa that works equally well as a home or an investment. The fully remodeled front home is currently tenant-occupied and generating rental income from day one. Inside, the home has been thoughtfully updated throughout — new kitchen, bathrooms, flooring, and finishes — where every detail has already been taken care of. For those with an eye toward the future, plans for 4 new ADUs across two detached duplexes — two at 650 SF and two at 505 SF — are already well into the approval process, giving an incoming buyer a meaningful head start toward five total income-producing units on a single lot. For a developer or investor, the groundwork is already underway. For someone looking to live in a beautifully updated home in one of San Diego's most dependable neighborhoods, this delivers that too — with the added option to build out the back and let the property work harder over time. Located minutes from USD, UCSD, Mission Bay, Fashion Valley, and major employment corridors via the I-5 and I-805 — the kind of location that holds value and attracts quality tenants. A great home today, and a stronger investment tomorrow — this property was built for both.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,032 | 1,493.5 | 11% |
| Lot Size | 6,000 | 6,300 | 45% |
| Price | $1.02M | $1.20M | 28% |
| Price per sq ft | $993 | $792 | 87% |
| Built year | 1956 | 1961 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 153 | 6% |
Apr 17, 2026
$1,025,000
$1,100,000
-7% Price Drop
Initial Listing
Mar 30, 2026
$1,100,000
Initial Listing
Apr 18, 2024
$1,200,000
Public Record
Mar 18, 2024
$975,000
Public Record
Aug 9, 2019
$630,000
Public Record
Dec 6, 1994
$141,000
Public Record