4778 Panorama Drive, San Diego, California 92116, San Diego, 92116 - 6 bed, 2 bath
4778 Panorama Drive
San Diego, California 92116
Property Price
SUMMARY
Analysis of 4778 Panorama Drive, San Diego, California 92116 reveals a Fairly Priced Property with a current list price of $1,899,895 aligned with the estimated $1,877,265 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4778 Panorama Drive Subject | $1,899,895* List Price | 6 | 2 | 2,320 | $809 | - |
A 1108 Madison Ave Sold | $2,080,000 | 4 | 3 | 2,540 | $819 | 0.8 mi |
B 4662 Bancroft St Sold | $1,555,000 | 5 | 4 | 2,214 | $702 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1924 Craftsman home is in move-in ready condition following significant updates. Key improvements include a remodeled kitchen with custom granite countertops, updated bathrooms, refinished original hardwood flooring, and the installation of a new HVAC system and recessed lighting. While the property retains its historic character and has a disproportionate bedroom-to-bathroom ratio typical of its era, the major systems and interior finishes have been modernized to meet current standards without requiring immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12211, living area = 2320.
- Prime Location and Views
Situated on a bluff along the iconic palm-lined Panorama Drive, the property offers breathtaking panoramic views of Mission Valley and city lights, providing a premium San Diego living experience.
- Expansive Lot and ADU Potential
The rare 0.28-acre lot includes a private canyon and ample space to add an Accessory Dwelling Unit (ADU), offering significant value-add potential for investors or multi-generational families.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
- Bedroom-to-Bathroom Imbalance
With six bedrooms but only two bathrooms, the home’s current configuration is disproportionate for a large household and may require additional plumbing investment to meet modern expectations.
- Lack of Enclosed Garage
The property features a carport and gated parking rather than a traditional enclosed garage, which may be a drawback for buyers seeking secure, weather-protected vehicle storage or additional workshop space.
About 4778 Panorama Drive
AMAZING OPPORTUNITY FOR THIS LARGE CRAFTSMAN HOME BUILT IN 1924 OFF ADAMS AVENUE LOCATED ON THE ICONIC PALM TREE LINED PANORAMA DRIVE SITTING ON A BLUFF WITH PANORAMIC VIEWS OF MISSION VALLEY CITY LIGHTS AND ONLY 2 MINUTES TO THE FREEWAY! HOME FEATURES HUGE AMOUNT OF CHARACTER, OVER ¼ ACRE, PRIVATE CANYON, RV PARKING, LOTS OF WINDOWS FOR NATURAL LIGHT, REMODELED KITCHEN WITH CUSTOM GRANITE, REMODELED BATHS, REFINISHED ORIGINAL HARDWOOD FLOORS THROUGHOUT! AMAZING OPPORTUNITY FOR THIS LARGE CRAFTSMAN HOME BUILT IN 1924 OFF ADAMS AVENUE LOCATED ON THE ICONIC PALM TREE LINED PANORAMA DRIVE SITTING ON A BLUFF WITH PANORAMIC VIEWS OF MISSION VALLEY CITY LIGHTS AND ONLY 2 MINUTES TO THE FREEWAY! HOME FEATURES HUGE AMOUNT OF CHARACTER, OVER ¼ ACRE, PRIVATE CANYON, RV PARKING LOTS OF WINDOWS FOR NATURAL LIGHT, REMODELED KITCHEN WITH CUSTOM GRANITE, REMODELED BATHS, REFINISHED ORIGINAL HARDWOOD FLOORS THROUGHOUT, RECESSED LIGHTING, NEW HVAC, LARGE COVERED PATIO IN BACKYARD, CUSTOM CEILINGS, BALCONY OUT 2 BEDROOMS, CARPORT WITH GATED PARKING, FULL BEDROOM/BATH ON 1ST FLOOR, GIANT 21X16 LIVING ROOM, SEPARATE FAMILY ROOM, LARGE LAUNDRY ROOM, 6 BEDROOMS AND ROOM FOR AN ADU! TAKE A LOOK BEFORE IT’S GONE!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 12,211 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Birney Elementary School
Grades K-5 • 0.8 mi
Roosevelt International Middle School
Grades 6-8 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 99% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,320 | 1,491 | 88% |
| Lot Size | 12,211 | 5,070 | 91% |
| Price | $1.90M | $1.35M | 85% |
| Price per sq ft | $819 | $941 | 31% |
| Built year | 1924 | 1929 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 165 | 4% |
Pricing History
Listed for Sale
Mar 6, 2026
$1,899,895
$1,899,995
+0% Price Increase
Initial Listing
Price Change
Feb 26, 2026
$1,899,995
Initial Listing