
San Diego, California 92117
This Multi-Residence Asset is a High-Potential Investment Opportunity, listed at $2,099,000—positioned slightly above the $2,027,625 Fair Market Value. Featuring a Condition Rating of 2, this property offers three fully renovated, move-in-ready units with independent systems and private entrances. With a 2,595 sq ft footprint, it provides exceptional flexibility for multi-generational living or rental income. Located near top-rated schools like Holmes Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating compound in a prime San Diego location.
Property is new construction or fully renovated.
The property features three residences that are either newly constructed (2023) or completely renovated from the ground up. It boasts mint-condition modern finishes including quartz countertops, wide-plank flooring, designer lighting, and updated independent systems like mini-split HVAC, requiring no maintenance.
Elementary School: Holmes Elementary School (9/10).
The property features three distinct, move-in-ready residences on a single lot, providing exceptional flexibility for multi-generational living or significant rental income potential.
With one unit newly constructed in 2023 and the others fully renovated, the property offers high-end contemporary finishes including quartz countertops and wide-plank flooring throughout.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2595, other record living area = 1006.
The primary three-bedroom residence only contains 1.5 bathrooms, which may be considered insufficient for modern family needs at this price point.
Listed at over $2 million, the property represents a significant price premium for the Clairemont Mesa area, which may limit the pool of qualified buyers despite the multi-unit utility.
A rare three-residence offering on one San Diego lot — live, host, and invest, all in one address. Tucked into a coveted pocket of San Diego, this 6,000 sq ft property delivers something exceedingly rare on the market today: three fully renovated, move-in-ready residences under one property of possibility. Whether the vision is multi-generational living, a built-in rental income stream, or space for extended family and guests, this property has been reimagined from the ground up to deliver flexibility without compromise. 5118 Constitution Rd — The Main Residence Originally built in 1959 and transformed with a thoughtful addition and complete interior remodel, this 3-bedroom, 1.5-bath home strikes the balance between character and contemporary polish. Wide-plank flooring, quartz countertops, and designer lighting carry through an open, light-filled layout, while the primary bath makes a statement with brass fixtures and glazed tile. An attached garage, a newly landscaped drought-tolerant front yard, and a private backyard patio round out a home that feels both established and brand new. 5120 Constitution Rd: The Companion Residence Built new in 2023, this 2-bedroom, 2-bath unit lives like its own private retreat — an open-concept living, kitchen, and dining space filled with natural light, efficient mini-split climate control, and in-unit laundry. Step outside to a private deck tucked behind mature landscaping, offering a quiet outdoor escape just steps from the main house. 5122 Constitution Rd: The Studio Residence With its own private street-facing entrance, this studio unit offers effortless independence — a full kitchen, dedicated dining and sleeping areas, a full bath, and in-unit laundry, all wrapped in the same elevated finishes found throughout the property. The opportunity: approximately 2,595 combined square feet across three distinct, income-ready residences — each with separate entrances and independent systems. Rarely does a property offer this much flexibility, polish, and potential in one address.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 2,595 | 1,777 |
| Lot Size | 6,000 | 6,600 |
| Price | $2.10M | $1.24M |
| Price per sq ft | $809 | $743 |
| Built year | 2023 | 1972 |
| HOA | $0 | $200 |
| Days on market | 7 | 39 |
Jul 15, 2026
$2,099,000
Initial Listing
May 12, 2022
$899,000
Public Record
Dec 17, 1993
$150,000
Public Record