5018 Monroe Avenue, San Diego, California 92115, San Diego, 92115 - 2 bed, 2 bath
ACTIVE$898,000
5018 Monroe Avenue, San Diego, California 92115
2Beds
2Baths
928Sqft
3,563Lot
Price Vs. Estimate
The estimated value ($813,864.84) is $84,135.16 (9%) lower than the list price ($898,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income & Use Versatility: The property offers significant flexibility for various uses, including potential Airbnb/Short Term Rental income, appealing to investors, digital nomads, and first-time buyers.
Top Cons:
Buyer Verification Required: Potential for Airbnb/STR income and ADU conversion is subject to buyer verification of zoning, introducing an element of uncertainty and additional due diligence.
Compared to the nearby listings
Price:$898.0K vs avg $919.8K ($-21,750)44%
Size:928 sqft vs avg 1,366 sqft10%
Price/sqft:$968 vs avg $69592%
More Insights
Built in 1927 (98 years old).
Condition: Despite being built in 1927, this property has undergone an extensive and high-quality renovation, bringing it to a virtually new condition. The listing explicitly mentions 'extensive modern upgrades' including a 'newer roof/foundation, new HVAC, windows, doors, gutters, and landscaping,' along with 'refreshed kitchen & baths.' The images confirm a modern, updated aesthetic throughout, featuring white shaker cabinets, white quartz countertops, subway tile backsplash, and stainless steel appliances in the kitchen. Bathrooms boast contemporary vanities, fixtures, and lighting. Hardwood floors and recessed lighting are present in living areas and bedrooms. All major systems appear to be new or recently replaced, and the property is described as 'truly move-in ready,' aligning perfectly with the 'excellent' criteria for a property extensively renovated within the last 5 years with virtually new components and no deferred maintenance.
Year Built
1927
Close
-
List price
$898K
Original List price
$920K
Price/Sqft
$968
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2508666
Home ConditionExcellent
Features
ViewNeighborhood
About this home
This property offers flexibility at its finest: live, rent, or host with ease. With potential for Airbnb / Short Term Rental income (buyer to verify zoning). Perfect for an investor, digital nomad, or first-time buyer seeking options. Sunny Courtyard Craftsman in Talmadge. Updated 2BR/2BA with renovated outdoor living, including a hedged front lawn, large porch, and two patios perfect for morning coffee and dinners with family and friends. This home blends 1920s charm with sensible upgrades, including newer roof/foundation, refreshed kitchen & baths, new HVAC, windows, doors, gutters, and landscaping, making it truly move-in ready. The detached garage is an ideal flex space for a studio, gym, office, or future ADU (buyer to verify). This house sits on a corner lot with a private driveway for easy in-and-out. Minutes to neighborhood cafés, parks, commuter routes, and everything San Diego has to offer.
Condition Rating
Excellent
Despite being built in 1927, this property has undergone an extensive and high-quality renovation, bringing it to a virtually new condition. The listing explicitly mentions 'extensive modern upgrades' including a 'newer roof/foundation, new HVAC, windows, doors, gutters, and landscaping,' along with 'refreshed kitchen & baths.' The images confirm a modern, updated aesthetic throughout, featuring white shaker cabinets, white quartz countertops, subway tile backsplash, and stainless steel appliances in the kitchen. Bathrooms boast contemporary vanities, fixtures, and lighting. Hardwood floors and recessed lighting are present in living areas and bedrooms. All major systems appear to be new or recently replaced, and the property is described as 'truly move-in ready,' aligning perfectly with the 'excellent' criteria for a property extensively renovated within the last 5 years with virtually new components and no deferred maintenance.
Pros & Cons
Pros
Income & Use Versatility: The property offers significant flexibility for various uses, including potential Airbnb/Short Term Rental income, appealing to investors, digital nomads, and first-time buyers.
Extensive Modern Upgrades: Recent and comprehensive renovations including a newer roof, foundation, HVAC, windows, doors, gutters, and refreshed kitchen/baths ensure a truly move-in ready condition.
Enhanced Outdoor Living: Features a hedged front lawn, large porch, and two distinct patios, providing ample renovated outdoor space perfect for relaxation and entertaining.
Detached Flex Space: The detached garage presents an ideal opportunity for a studio, gym, office, or future Accessory Dwelling Unit (ADU), adding significant value and utility.
Prime Corner Lot Location: Located in the desirable Talmadge neighborhood, close to local amenities and commuter routes, and benefits from a corner lot with a private driveway for easy access.
Cons
Buyer Verification Required: Potential for Airbnb/STR income and ADU conversion is subject to buyer verification of zoning, introducing an element of uncertainty and additional due diligence.
Compact Interior Footprint: With 928 sqft, the interior living space is relatively modest, which may be a consideration for buyers seeking more expansive indoor areas.
Age-Related Considerations: Despite extensive upgrades, the 1927 construction year may still present unique maintenance considerations or layout characteristics inherent to older homes.