5148 Rincon, San Diego, California 92115, San Diego, 92115 - 2 bed, 1 bath
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5148 Rincon
San Diego, California 92115
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,088Sq Ft
5,500Lot Size
Property Price
LIST PRICE$795,000
EST. MARKET VALUE
$780,404
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $849,000—positioned above the $798,809 Fair Market Value. While the property requires a full rehab due to its Fair Condition Rating, the generous 5,500 sqft lot and ADU Expansion Potential provide significant upside for forced appreciation. Located minutes from SDSU, the home offers strong rental demand for students and faculty. This is a strategic value-add acquisition ideal for Buy-and-Hold Investors or Contractors looking to maximize the property's versatility through renovation and development.
Estimated Market Value
$780,404
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5148 Rincon Subject 2 bd · 1 ba · 1,088 sqft · $717 | $795,000* List Price | 2 | 1 | 1,088 | $717 | - |
A 6334 Mesita Dr Sold 2 bd · 2 ba · 1,296 sqft · $654 · 0.2 mi | $847,500 | 2 | 2 | 1,296 | $654 | 0.2 mi |
B 6233 Stewart Sold 3 bd · 2 ba · 1,130 sqft · $770 · 0.4 mi | $870,000 | 3 | 2 | 1,130 | $770 | 0.4 mi |
C 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 |
D 4620 Mataro Drive Sold 3 bd · 2 ba · 1,152 sqft · $635 · 0.7 mi | $731,000 | 3 | 2 | 1,152 | $635 | 0.7 mi |
E 4623 Alamo Drive Sold 2 bd · 1 ba · 897 sqft · $819 · 0.8 mi | $735,000 | 2 | 1 | 897 | $819 | 0.8 mi |
F 6303 Cleo St Sold 2 bd · 1 ba · 842 sqft · $808 · 0.3 mi | $680,000 | 2 | 1 | 842 | $808 | 0.3 mi |
G 4911 Curry Active 3 bd · 2 ba · 1,265 sqft · $672 · 0.3 mi | $850,000 List Price | 3 | 2 | 1,265 | $672 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1951, this 70+ year old property is marketed as a remodel opportunity. While the bathroom shows a basic functional update, the home's age and the listing's emphasis on remodeling and expansion suggest that major systems and interiors require a full rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- ADU & Expansion Potential
The generous lot size and strategic siting of the home provide a significant opportunity to add an Accessory Dwelling Unit (ADU) or expand the existing footprint, maximizing the property's long-term value.
- Prime SDSU Location
Situated just minutes from San Diego State University, this property is in a high-demand area for student rentals, faculty housing, and urban professionals, ensuring strong appreciation and rental appeal.
- Flexible Floor Plan
The light-filled interior includes an optional third bedroom, offering immediate versatility for a home office or additional guest space to suit various buyer needs.
CONSRISKS & DEFICIENCIES
- Modernization Required
Built in 1951 and marketed as a remodel opportunity, the home likely requires a substantial capital investment to update its original systems and finishes to modern standards.
- Limited Bathroom Count
With only one bathroom serving a potential three-bedroom layout, the property may face functional limitations for larger households or competitive rental positioning.
About 5148 Rincon
Opportunity abounds —just minutes from SDSU. Set on an ample-sized lot, this charming and light-filled 2-bedroom, 1-bath home offers a rare chance to create something truly special. An optional third bedroom adds flexibility, while the thoughtful siting of the home leaves substantial space at the rear of the property for an ADU, subject to applicable approvals. The one-car garage and generous outdoor space further enhance the possibilities. Remodel and expand the existing residence or add an ADU to maximize the property’s versatility and value. A compelling offering in a highly desirable SDSU-area setting, close to campus, shopping, dining, and all that San Diego has to offer.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 5,500 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.2 |
| Baths | 1.0 | 2.2 |
| Square foot | 1,088 | 1,752.269 |
| Lot Size | 5,500 | 6,446.159 |
| Price | $795.0K | $1.27M |
| Price per sq ft | $731 | $736 |
| Built year | 1951 | 1971 |
| HOA | $0 | $186 |
| Days on market | 30 | 41 |
Pricing History
Listed for Sale
Oct 15, 2026
$795,000
$849,000
-6% Price Drop
Initial Listing
Price Change
Sep 25, 2026
$849,000
Initial Listing