4854 Del Mar Avenue, San Diego, California 92107, San Diego, 92107 - 2 bed, 4 bath
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San Diego, California 92107
This historical cottage represents a High-Potential Investment Opportunity, listed at $1,595,000—positioned well above the $1,391,607 Fair Market Value by -14%. While the price reflects a premium for its Historical Mills Act status and Prime Coastal Location, the property requires modernization. Featuring original wood floors, a detached rec room, and an upstairs sun deck, it offers versatile living spaces. With a Condition Rating of 4, this is an ideal project for Buy-and-Hold Investors or Owner-Occupants seeking a unique, tax-advantaged property near top-rated schools.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4854 Del Mar Avenue Subject | $1,595,000* List Price | 2 | 4 | 1,338 | $1,040 | - |
A 4351 Voltaire St Sold | $1,195,000 | 3 | 2 | 1,160 | $1,030 | 1.0 mi |
B 4643 Narragansett Ave Sold | $1,500,000 | 2 | 3 | 1,554 | $965 | 0.4 mi |
C 4685 Long Branch Ave Sold | $1,600,000 | 2 | 3 | 1,443 | $1,109 | 0.8 mi |
D 4540 Volatire St Sold | $1,280,078 | 3 | 1 | 1,331 | $962 | 0.9 mi |
E 4775 Long Branch Avenue Sold | $1,779,500 | 3 | 3 | 1,598 | $1,114 | 0.7 mi |
F 4844 Del Mar Ave. Active | $1,990,000 List Price | 3 | 2 | 1,332 | $1,494 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1930, this historical cottage is well-maintained but significantly dated. The reliance on window AC units indicates a lack of modern central HVAC systems. While the 'original wood floors' and historical charm are preserved, the property likely requires electrical and plumbing updates, along with modernization of the kitchen and bathrooms which appear to exceed the 20-year age threshold for updates.
Elementary School: Ocean Beach Elementary School (10/10).
Situated just one block from the ocean and west of Sunset Cliffs, this property offers an enviable lifestyle with immediate access to the beach, local dining, and boutique shops in the heart of Ocean Beach.
As a designated historical home under the Mills Act, owners benefit from a substantial reduction in property taxes, providing a major long-term financial advantage for a property at this price point.
The 1930s construction and historical status may impose strict guidelines on renovations and require specialized, potentially costly upkeep to maintain the home's original character and Mills Act eligibility.
At a list price of $1,595,000 for 1,338 square feet, the property commands a high premium that may be a deterrent for buyers prioritizing interior living space over historical charm and location.
Rarely available, Ocean Beach historical cottage, built in 1930 is located west of Sunset Cliffs a mere block from the ocean! Features include: 1,338 sqft., two bedrooms, 2 full bathrooms, original wood floors, charming front yard garden, rear yard has patio area, detached rec room with a 1/2 bath and shed. Upstairs sun deck has an enclosed room and a room above the main house with a 1/2 bath. This Historical home has The Mills Act, which offers Substantial Property Tax Reduction. Very close to restaurants, shops and all that OB living has to offer!
No exterior & parking available.
Grades K-4 • 0.5 mi
Grades K-4 • 0.7 mi
Grades K-4 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 4.0 | 3.0 | 82% |
| Square foot | 1,338 | 1,861 | 31% |
| Lot Size | 3,571 | 7,000 | 18% |
| Price | $1.59M | $2.00M | 34% |
| Price per sq ft | $1.2K | $1.1K | 61% |
| Built year | 1930 | 1956 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 120 | 11% |
May 30, 2026
$1,595,000
Initial Listing
Jan 3, 1995
$165,000
Public Record