4818 Lamont Street, San Diego, California 92109, San Diego, 92109 - 4 bed, 2 bath
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San Diego, California 92109
This duplex represents a High-Potential Investment Opportunity, listed at $1,525,000—positioned above the $1,470,666 Fair Market Value. While the property lacks immediate equity, its Poor Condition Rating and Value-Add Potential allow for significant forced appreciation through modernization. Located in a prime Pacific Beach neighborhood with access to top-tier schools like Bird Rock Elementary (10/10), this asset offers strong rental demand. The dual-unit configuration provides flexible income streams, making this a strategic acquisition for Buy-and-Hold Investors or Contractors focused on long-term coastal portfolio growth.
Property is extensive renovation needed.
Built in 1947 (77 years old) with no mention of recent renovations, this property falls into the poor category. The listing description explicitly highlights 'value-add potential' and an 'opportunity to modernize,' which are industry terms for a property requiring significant rehab. Given the age and the 'upside' focus, the kitchens, baths, and core systems are likely original or severely outdated.
Elementary School: Bird Rock Elementary School (10/10).
Situated in the highly desirable Pacific Beach neighborhood, this property offers exceptional rental demand and close proximity to Mission Bay, local shops, and coastal amenities.
The property presents a rare opportunity for modernization and renovation, allowing investors to capitalize on the 'significant upside' mentioned in a high-equity coastal market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3920, other record lot size in square feet = 4059.
Built in 1947, the property likely requires substantial capital investment to update aging systems and interior finishes to meet modern standards.
Despite its premium Pacific Beach location and price point, the property offers no views, which may limit its appeal compared to other coastal offerings in the area.
Two units on one lot in a prime Pacific Beach location ideal for buyers seeking value-add potential. Each unit offers its own entry and traditional layout, providing flexible use for rental income or multi-generational living. Excellent opportunity to modernize or explore options. Close to Mission Bay, shops, and coastal amenities. Rare PB offering with significant upside.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 67% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,592 | 1,592 | 50% |
| Lot Size | 3,920.4 | 3,920.4 | 50% |
| Price | $1.52M | $1.52M | 50% |
| Price per sq ft | $958 | $1.0K | 33% |
| Built year | 1947 | 1947 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 80 | 33% |
May 21, 2026
$1,525,000
Initial Listing