4774 Appleton Street, San Diego, California 92117, San Diego, 92117 - 3 bed, 2 bath
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San Diego, California 92117
This High-Yield Development Asset is listed at $1,025,000, representing a stable and fair acquisition aligned with its $1,018,813 Fair Market Value. The property features a fully remodeled 3-bedroom home boasting a Condition Rating of 2, providing immediate rental income or a turnkey residence. The significant upside lies in the four-ADU development plans currently in the approval process, creating a rare five-unit income-producing compound on a single lot. Located steps from Hawthorne Elementary (8/10), this is an elite choice for Buy-and-Hold Investors or Owner-Occupants seeking a high-density house hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4774 Appleton Street Subject | $1,025,000* List Price | 3 | 2 | 1,070 | $952 | - |
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 5253 Diane Ave Sold | $1,110,000 | 3 | 2 | 1,230 | $902 | 0.3 mi |
E 5162 Limerick Ave Sold | $1,130,000 | 3 | 2 | 1,200 | $942 | 0.6 mi |
F 5137 Derrick Court Sold | $960,000 | 3 | 1 | 1,008 | $952 | 0.7 mi |
G 4773 Aberdeen Street Active | $1,025,000 List Price | 3 | 2 | 1,032 | $993 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation that brings it up to modern standards. The kitchen is fully updated with white shaker cabinetry, stone countertops, and stainless steel appliances. Both bathrooms feature contemporary designs with new vanities, modern tile work, and updated fixtures. Throughout the home, there is new luxury vinyl plank flooring, recessed lighting, updated windows, and fresh paint, indicating no deferred maintenance and high-quality finishes.
Elementary School: Holmes Elementary School (9/10).
The property comes with plans already in the approval process for four new ADUs across two detached duplexes, providing a massive head start for investors looking to create a five-unit income-producing compound.
The front 3-bedroom, 2-bathroom home is fully remodeled and currently tenant-occupied, offering immediate rental income and eliminating the need for initial capital expenditures on the existing structure.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1070, other record living area = 1032.
While plans are in progress, the buyer must still navigate the final approval stages and manage the substantial costs and complexities associated with constructing four additional units.
Adding four units to a 6,000-square-foot lot will result in high site density, significantly limiting private outdoor space and potentially creating parking challenges for future tenants.
A rare opportunity in the heart of Clairemont Mesa that works equally well as a home or an investment. The fully remodeled 3-bedroom, 2-bathroom front home is currently tenant-occupied and generating rental income, while plans for four new ADUs across two detached duplexes are already in 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 | 1,070 | 1,493.5 | 12% |
| Lot Size | 6,000 | 6,300 | 45% |
| Price | $1.02M | $1.20M | 28% |
| Price per sq ft | $958 | $792 | 83% |
| 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
Aug 23, 2024
$995,000
Public Record