4920 Collingwood Drive, San Diego, California 92109, San Diego, 92109 - 4 bed, 3 bath
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San Diego, California 92109
Analysis of 4920 Collingwood Drive, San Diego, California 92109 is currently available with a list price of $2,495,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1957 with no evidence of modern renovations, this property is explicitly marketed as a 'Developer’s Dream' with focus on land value and multi-unit potential. The interior features original 1950s/70s finishes, including a highly dated kitchen, blue shag carpeting, and original tile baths, all exceeding the 50-year threshold for a tear-down classification based on the provided criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13068, living area = 2740.
Elementary School: Bird Rock Elementary School (10/10).
The expansive 12,900 sq ft lot zoned RS-1-7 offers a rare opportunity to develop up to four units, including a primary residence and ADU configurations, maximizing the property's investment value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13068, other record lot size in square feet = 12900.
Built in 1957 and marketed as a 'Developer’s Dream,' the existing structure likely requires extensive modernization or a complete teardown to meet contemporary luxury standards.
With a list price of nearly $2.5M, the high entry point may limit profit margins for builders and investors once the substantial costs of new construction or major redevelopment are factored in.
DEVELOPER’S DREAM! Perched on Mt. Soledad with spectacular ocean views, this rare opportunity offers an expansive approximately 12,900 sq ft lot with incredible development potential. Zoned RS-1-7. Potential to develop up to 4 units including a primary residence plus ADU configurations (buyer to verify). Ideal for investors, builders, or those looking to create a custom coastal estate in one of San Diego’s most sought-after locations. Prime location just minutes to beaches, dining, and shopping.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,740 | 1,968.5 | 77% |
| Lot Size | 13,068 | 4,998 | 96% |
| Price | $2.50M | $2.27M | 64% |
| Price per sq ft | $911 | $1.2K | 11% |
| Built year | 1957 | 1969 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 1 | 154 | 9% |
Apr 21, 2026
$2,495,000
Initial Listing