
San Diego, California 92116
This Turnkey Multi-Unit Property is a Strong Value Opportunity, listed at $2,199,950—positioned well below the $2,414,387 Fair Market Value by 8%. This valuation gap offers $214,437 in Instant Equity. Featuring a Mint Condition Rating, the home includes a renovated 1928 main house and a modern 2-bedroom ADU. With panoramic city views, extensive off-street parking, and high-yield rental potential, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking income-generating assets in central San Diego.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4829 Oregon St Subject 6 bd · 4 ba · 2,800 sqft · $862 | $2,199,950* List Price | 6 | 4 | 2,800 | $862 | - |
A 2942 Copley Ave Active 5 bd · 4 ba · 2,374 sqft · $840 · 0.3 mi | $1,995,000 List Price | 5 | 4 | 2,374 | $840 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1928, the property has undergone a comprehensive high-end renovation within the last 5 years. The main house features a modern kitchen with quartz countertops and stainless steel appliances, while the detached ADU offers a brand-new modern farmhouse design. Systems appear updated with visible mini-split HVAC units, and the overall condition is mint and move-in ready.
The inclusion of a detached, modern 2-bedroom, 2-bathroom ADU provides a versatile opportunity for high-yield rental income, a guest house, or multigenerational living in a high-demand area.
Rare for the Normal Heights neighborhood, this property offers off-street parking for at least five vehicles via a gated driveway and alley access, plus a detached garage and walk-in closets in every bedroom.
The 1928 English cottage maintains its vintage architectural integrity with arched doorways and hardwood floors while featuring a fully updated kitchen and a bright, functional floor plan.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2800, other record living area = 2088.
At a list price of approximately $2.2 million, the property is positioned at the top tier of the local market, which may limit the pool of qualified buyers compared to standard neighborhood offerings.
While beautifully updated, the 1928 original structure may necessitate higher ongoing maintenance costs and specialized care typical of century-old homes regarding foundation and utility systems.
Welcome to 4829 Oregon Street, a beautifully updated 1928 English cottage-style home with a 4-bedroom, 2-bathroom main house and a detached 2-bedroom, 2-bathroom ADU. The main house blends vintage charm with modern comfort, offering hardwood floors, arched doorways, an updated kitchen, and a bright upstairs living space. The ADU has a modern farmhouse-style design with a kitchen island, white shaker cabinetry, and sliding glass doors that open directly to the backyard. It’s ideal for rental income, multigenerational living, or guests. The property also offers generous storage, including walk-in closets in every bedroom, along with an abundance of off-street parking. The gated driveway alongside the main house can accommodate approximately three cars, with two additional parking spaces accessible from the alley. A detached garage adds even more flexibility and convenience. The property offers access from both the front and rear, while the backyard includes paver patios and string lights for easy outdoor entertaining. Three flat roof areas may also provide potential locations for future solar panels, creating another opportunity for improved energy efficiency. Located just moments from Adams Avenue, North Park, Hillcrest, Balboa Park, and the San Diego Zoo, with convenient access to the airport and San Diego Harbor, this is a rare opportunity to enjoy vintage character, modern updates, income potential, generous storage, and exceptional parking in one central San Diego property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.2 |
| Baths | 4.0 | 2.2 |
| Square foot | 2,800 | 1,752.269 |
| Lot Size | 7,642 | 6,446.159 |
| Price | $2.20M | $1.27M |
| Price per sq ft | $786 | $736 |
| Built year | 1928 | 1971 |
| HOA | $0 | $186 |
| Days on market | 18 | 41 |
Oct 7, 2026
$2,199,950
Initial Listing
Aug 9, 2021
$1,050,000
Public Record