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5092 5090 35th Street, San Diego, California 92116, San Diego, 92116 - 5 bed, 2 bath

5092 5090 35th Street, San Diego, California 92116 home-pic-0
ACTIVE$1,295,000$1,967/sqft
Est. Value: $1,327,071
2%
FairlyEstimate
5092 5090 35th Street, San Diego, California 92116
5Beds
2Baths
1,967Sqft
6,437Lot

Price Vs. Estimate

The estimated value mostly matches the list price at $1,295,000.

Key pros and cons

Top Pros:
Dual-Unit Income Potential: This property features two separate, move-in ready homes, with the back unit currently generating $3,150/month on a flexible month-to-month lease, offering immediate rental income and investment flexibility, further supported by separately metered utilities.
Top Cons:
Historic Property Maintenance: As a property built in 1920, despite described updates, potential buyers should anticipate ongoing maintenance and possible future infrastructure upgrades inherent with a century-old home.

Compared to the nearby listings

Price:$1.29M vs avg $1.28M (+$12,500)50%
Size:1,967 sqft vs avg 1,344 sqft77%
Price/sqft:$658 vs avg $9855%

More Insights

Built in 1920 (106 years old).
Condition: This 1920 property, despite its age, presents as move-in ready with significant updates. The front house features a tastefully remodeled bathroom and a modern kitchen with white shaker cabinets, butcher block countertops, and stainless steel appliances. Both units benefit from modern amenities like HVAC systems, dual-paned windows, and hardwood floors throughout, indicating recent and extensive renovations in key areas. While the back house's kitchen and bathroom are functional, they exhibit an older, more dated style (e.g., red tile in the kitchen, older vanity in the bath) compared to the front unit. However, the overall condition, modern major systems, and the front unit's recent updates elevate the property beyond 'Fair' condition, making it 'Good' as it requires no immediate functional renovations, though the back unit could benefit from aesthetic updates.
Year Built
1920
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$658
HOA
-
Days on market
-
Sold On
-
MLS number
OC26010555
Home ConditionGood
Features
Deck
Patio
ViewNeighborhood

About this home

Discover the unique charm of this delightful 1920's two-house opportunity in the heart of Normal Heights! This exceptional property has had just one owner and the homes are move-in ready homes designed for comfortable living on a prime lot just a half mile north of Adams Avenue. Enjoy easy access to freeways, grocery store, vibrant restaurants, and lively bars, making this location a true gem! Both one-story homes are equipped with modern amenities, including HVAC systems, dual-paned windows, dishwashers, gas stoves, microwaves, dining areas, and hardwood floors. Benefit from private entries, backyards, and ample street parking—all while enjoying the tranquility of a block free from multi-story apartment buildings. The property includes a two-car garage and two additional single garages, with gas and electricity metered separately for optimal efficiency. Zoned RS-1-7, this property offers incredible potential for investment or personal use. The front house, 5092 (1167 sq. ft.) has three inviting bedrooms and a tastefully remodeled bathroom, complemented by a convenient laundry area adjacent to the kitchen. With a driveway that easily accommodates 3-4 vehicles, hosting family and friends is a breeze. The charming back house, 5090 (800 sq. ft.) is a delightful 2-bedroom, 1-bathroom “carriage house,” nestled above two single garages with no neighbors above or below. Enjoy the added convenience of alley access, a parking spot and in-garage washer and dryer hookups. Currently rented for $3,150 per month with tenants on a flexible month-to-month lease, this space presents an excellent investment opportunity!

J
Jodie Moncrief
Listing Agent
Condition Rating
Good
This 1920 property, despite its age, presents as move-in ready with significant updates. The front house features a tastefully remodeled bathroom and a modern kitchen with white shaker cabinets, butcher block countertops, and stainless steel appliances. Both units benefit from modern amenities like HVAC systems, dual-paned windows, and hardwood floors throughout, indicating recent and extensive renovations in key areas. While the back house's kitchen and bathroom are functional, they exhibit an older, more dated style (e.g., red tile in the kitchen, older vanity in the bath) compared to the front unit. However, the overall condition, modern major systems, and the front unit's recent updates elevate the property beyond 'Fair' condition, making it 'Good' as it requires no immediate functional renovations, though the back unit could benefit from aesthetic updates.
Pros & Cons

Pros

Dual-Unit Income Potential: This property features two separate, move-in ready homes, with the back unit currently generating $3,150/month on a flexible month-to-month lease, offering immediate rental income and investment flexibility, further supported by separately metered utilities.
Premier Normal Heights Location: Situated in the highly desirable Normal Heights neighborhood, just half a mile from Adams Avenue, providing exceptional walkability to vibrant restaurants, bars, grocery stores, and convenient freeway access.
Modernized Living Comforts: Despite its 1920s construction, both homes are equipped with significant modern amenities including HVAC systems, dual-paned windows, and hardwood floors, ensuring comfortable and energy-efficient living.
Abundant Parking & Garages: A significant advantage for an urban setting, the property includes a two-car garage, two additional single garages, and a driveway accommodating 3-4 vehicles for the front house, providing ample off-street parking.
Favorable Zoning & Neighborhood Ambiance: Zoned RS-1-7, offering flexibility for investment or personal use, and located on a tranquil block free from multi-story apartment buildings, enhancing privacy and a quiet residential feel with private entries and backyards.

Cons

Historic Property Maintenance: As a property built in 1920, despite described updates, potential buyers should anticipate ongoing maintenance and possible future infrastructure upgrades inherent with a century-old home.
Low Bathroom-to-Bedroom Ratio: The property offers a total of 5 bedrooms across both units but only 2 bathrooms (one per unit), which may present practical challenges or limit appeal for larger households or multiple occupants.
Tenant Lease Flexibility: While the month-to-month lease on the back unit offers flexibility for a new owner, it also introduces potential uncertainty regarding tenant stability or immediate vacancy if the new owner desires owner-occupancy.
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