4850 69th Place, San Diego, California 92115, San Diego, 92115 - 5 bed, 2 bath
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San Diego, California 92115
This Hybrid Residential Asset is a Strong Value Opportunity, listed at $1,100,000—positioned well above the $1,073,074 Fair Market Value by 2%. While priced slightly above market, the property features a Turnkey Condition Rating with a remodeled junior ADU and 14-panel solar system. The assumable VA loan at 5.87% provides a significant financial advantage for qualified buyers. With its dual-income potential and proximity to Rolando Elementary, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4850 69th Place Subject | $1,100,000* List Price | 5 | 2 | 1,624 | $661 | - |
A 6459 Richard St. Sold | $1,330,000 | 7 | 3 | 1,895 | $702 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a high-quality recent renovation featuring a modern kitchen with white shaker cabinetry, quartz countertops, and stainless steel appliances. Significant system upgrades include a 14-panel solar system and new mini-split HVAC units, making it a turnkey, low-maintenance home.
The property features a fully remodeled junior ADU with a proven rental history of $2,400 per month, offering an exceptional house-hacking opportunity to significantly offset mortgage payments.
The availability of an assumable VA loan at 5.87% provides a rare and valuable financial incentive, allowing qualified buyers to secure a below-market interest rate.
Equipped with a 14-panel solar system, the home ensures predictable and reduced utility costs, which is a high-demand feature for sustainability-conscious buyers in San Diego.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The main residence includes four bedrooms but only one bathroom, which may present functional challenges and limit appeal for larger families or multi-tenant occupancy.
With a list price of $1.1M following an $830,000 sale in mid-2023, the property reflects a steep appreciation that may be difficult to justify without extensive upgrades to the main house.
Welcome to 4850 69th Pl — a rare and compelling opportunity in the heart of Rolando for a savvy buyer looking for a great house hack opportunity! This 1,624 sq ft home, originally built in 1953, delivers serious value with a built-in income strategy already in place. The main house offers 4 bedrooms and 1 bathroom, providing plenty of space for an owner-occupant or tenants. An attached and fully remodeled junior ADU features 1 bedroom, 1 bathroom, and its own mini-split system — a turnkey unit ready to generate rental income from day one that was previously rented out for $2,400 a month! The financial upside doesn't stop there. This home comes with an assumable VA loan at 5.87%, a significant advantage in today's rate environment. Financed solar with 14 panels keeps energy costs predictable at $255/month, and a 1-car attached garage with washer and dryer rounds out the practical features. Out back, the spacious yard is built for enjoyment and entertaining — a wooden pergola with a built-in Cabela grill, plus raised gardening beds with irrigation. Whether you're looking to offset your mortgage or simply get into one of San Diego's most accessible neighborhoods with a below-market rate this home checks every box!
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-5 • 0.6 mi
Grades 7-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 91% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,624 | 1,309 | 73% |
| Lot Size | 5,223 | 6,098.4 | 28% |
| Price | $1.10M | $950.0K | 69% |
| Price per sq ft | $677 | $734 | 37% |
| Built year | 1953 | 1951 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 129 | 14% |
May 27, 2026
$1,100,000
Initial Listing
Jun 27, 2023
$830,000
Public Record