
San Diego, California 92115
This property presents a High-Potential Investment Opportunity with a List Price of $1,049,900—positioned well below the $1,024,733 Fair Market Value by -2%. Featuring a Condition Rating of 5, this 1950s residence serves as a blank canvas for a full-scale renovation. The Prime Canyon Location on a quiet cul-de-sac provides a rare, private natural backdrop. This asset is ideal for Fix-and-Flip Investors or Contractors capable of modernizing dated infrastructure to capture significant value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4990 Lucille Dr Subject 3 bd · 2 ba · 1,419 sqft · $722 | $1,049,900* List Price | 3 | 2 | 1,419 | $722 | - |
A 5639 Dorothy Way Sold 3 bd · 2 ba · 1,308 sqft · $765 · 0.7 mi | $1,000,000 | 3 | 2 | 1,308 | $765 | 0.7 mi |
B 4837 Lila Dr Sold 3 bd · 2 ba · 1,217 sqft · $805 · 0.2 mi | $980,000 | 3 | 2 | 1,217 | $805 | 0.2 mi |
C 4753 50th St Sold 3 bd · 1 ba · 1,099 sqft · $887 · 0.2 mi | $975,000 | 3 | 1 | 1,099 | $887 | 0.2 mi |
D 4620 Altadena Sold 3 bd · 1 ba · 1,136 sqft · $704 · 0.4 mi | $800,000 | 3 | 1 | 1,136 | $704 | 0.4 mi |
E 4592 Contour Blvd Sold 3 bd · 1 ba · 1,184 sqft · $633 · 0.5 mi | $750,000 | 3 | 1 | 1,184 | $633 | 0.5 mi |
F 5402 Baja Drive Sold 4 bd · 2 ba · 1,720 sqft · $580 · 0.4 mi | $997,000 | 4 | 2 | 1,720 | $580 | 0.4 mi |
G 5545 Baja Drive Sold 3 bd · 2 ba · 1,492 sqft · $586 · 0.6 mi | $875,000 | 3 | 2 | 1,492 | $586 | 0.6 mi |
H 4744 51st Street Sold 4 bd · 2 ba · 1,637 sqft · $602 · 0.2 mi | $985,000 | 4 | 2 | 1,637 | $602 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 (74 years old) with no mentioned renovations, the listing describes the property as a 'blank canvas' requiring a 'full renovation.' Exterior photos show significant deferred maintenance, including a cracked walkway and aged siding, indicating the kitchen, baths, and systems likely require a complete overhaul.
Situated on a quiet cul-de-sac in the desirable Talmadge neighborhood, this canyon-front lot offers exceptional privacy and a serene natural backdrop rarely found in urban San Diego.
As a 'blank canvas' requiring a full remodel, this property presents a premier opportunity for investors or homeowners to build substantial sweat equity through custom renovations.
Unlike many canyon properties with steep terrain, this lot features a functional and usable backyard, providing an ideal space for gardening, play, or outdoor entertaining.
The property is not move-in ready and will require a significant additional investment of time and capital to modernize the 1950s interior and systems.
Given the 1950 construction date and 'blank canvas' status, buyers should anticipate the need for costly updates to core components such as electrical, plumbing, and HVAC systems.
Opportunity knocks in desirable Talmadge! This 3-bd, 2-ba home sits on a quiet cul-de-sac on the canyon, offering privacy and a natural setting rarely found in the city. The usable backyard is ready for gardening, entertaining, or play, with the canyon as your backdrop. Bring your vision: this blank canvas is ready for you to remodel and make your own, whether you’re building sweat equity or planning a full renovation. Opportunities like this in Talmadge don’t come along often.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,419 | 1,752.269 |
| Lot Size | 6,800 | 6,446.159 |
| Price | $1.05M | $1.27M |
| Price per sq ft | $740 | $736 |
| Built year | 1950 | 1971 |
| HOA | $0 | $186 |
| Days on market | 3 | 41 |
Oct 22, 2026
$1,049,900
Initial Listing
Feb 21, 1997
$219,500
Public Record