4811 E Alder Drive, San Diego, California 92116, San Diego, 92116 - 5 bed, 4 bath
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San Diego, California 92116
This Renovated Kensington Estate is a High-Potential Investment Opportunity, listed at $2,495,000—positioned well below the $2,882,663 Fair Market Value by 13%. This significant valuation gap delivers $387,663 in Instant Equity for a property boasting a Mint Condition Rating. The residence features a heated pool, canyon views, and a versatile ADU-style suite on a rare half-acre lot. Located near top-rated schools like Patrick Henry High, this home balances luxury lifestyle perks with massive financial upside. It is an ideal acquisition for Luxury Home Seekers or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4811 E Alder Drive Subject | $2,495,000* List Price | 5 | 4 | 3,222 | $895 | - |
A 4253 Alder Drive Sold | $2,760,750 | 3 | 4 | 2,863 | $964 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive modern renovation within the last 5 years. It features a high-end chef's kitchen with professional-grade stainless steel appliances, quartz countertops, and updated cabinetry. The interior shows refinished hardwoods, recessed lighting, and updated climate control systems (mini-splits), making it a mint-condition, move-in-ready home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24829, living area = 3222.
The property features a dedicated lower-level suite with a private entrance, kitchenette, and full bath, providing an ideal ADU-style setup for rental income or extended family.
Set on a massive half-acre canyon lot, this residence offers a level of privacy and outdoor space, including a heated pool and multiple gathering areas, that is exceptionally rare for the Kensington neighborhood.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =24829, other record lot size in square feet = 24659.
While the high school is highly rated, several of the closest elementary and middle schools have lower performance ratings, which may be a concern for families prioritizing education.
As a 1940s-era home situated on a canyon lot, the property may require more specialized long-term maintenance regarding slope stability and older structural elements compared to newer builds.
Designed for those seeking space, flexibility, and classic Kensington charm, 4811 E Alder Drive is a beautifully renovated single-family home set on an expansive ½-acre lot in one of San Diego’s most sought-after neighborhoods. This 3,222 sq ft residence offers rare privacy, no HOA, and a highly adaptable layout ideal for modern living. The home features four bedrooms plus a bonus fifth bedroom suite with a private entrance, creating an ADU-style setup perfect for extended family, visiting guests, or income potential. Thoughtfully designed for both everyday living and entertaining, the property includes a private heated pool, multiple indoor and outdoor gathering areas, and modern upgrades throughout. The main living spaces flow effortlessly, while the lower level offers an impressive entertainment area and dedicated wine room. A private lower-level suite includes a spacious bedroom, full bathroom, kitchenette, and separate exterior entrance, ideal for multi-generational living or extended stays. A sunroom-style bonus space beneath the home adds flexibility for a gym, studio, or private retreat. Located in a walkable Kensington neighborhood, this move-in-ready home is close to schools, parks, dining, shopping, and convenient transportation routes. With its generous lot size, modern renovations, and versatile living options, this property delivers a rare blend of space, comfort, and timeless neighborhood appeal in the heart of San Diego.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 91% |
| Baths | 4.0 | 2.0 | 89% |
| Square foot | 3,222 | 1,533.5 | 95% |
| Lot Size | 24,829.199 | 5,298 | 97% |
| Price | $2.50M | $1.39M | 94% |
| Price per sq ft | $774 | $968 | 21% |
| Built year | 1943 | 1931 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 157 | 9% |
Mar 20, 2026
$2,495,000
Initial Listing
Oct 24, 1997
$15,000
Public Record