
San Diego, California 92102
This property presents a High-Potential Investment Opportunity with a List Price of $650,000—positioned well below the $660,635 Fair Market Value by 1.6%. This valuation gap offers $10,635 in Instant Equity for buyers. With a Condition Rating of 5, the home requires significant renovation, including electrical and structural updates. Its Multi-Unit Zoning and 1,661-square-foot footprint provide a clear path for value-add development. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a project in a high-demand urban corridor.
Property is extensive renovation needed.
Built in 1918, this property requires significant rehab. Interior photos show safety concerns including exposed electrical wiring and unfinished drywall patches. While some flooring has been updated, the kitchen is dated and the overall condition aligns with an investor-grade project rather than a move-in ready home.
Situated in historic Sherman Heights, the property is less than a mile from downtown San Diego and minutes from vibrant neighborhoods like South Park and East Village, offering exceptional urban accessibility.
The property features reported multi-unit zoning and a versatile downstairs area, providing a significant opportunity for investors to add value or increase density in a high-demand rental market.
Built in 1918, this detached home offers a generous 1,661-square-foot layout with 4 bedrooms and 3 bathrooms, providing a substantial footprint and architectural charm that is rare for the area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 6.
Given its 1918 construction and marketing as a 'vision' project, buyers should anticipate substantial capital improvement costs to modernize aging systems and structural elements.
The compact 3,487-square-foot lot may restrict outdoor living space and could present logistical challenges for maximizing the footprint of a multi-unit expansion.
Discover the character and possibilities of this detached 1918 home in historic Sherman Heights. Set on an approximately 0.08-acre lot with reported multi-unit zoning, the property offers an opportunity for buyers and investors to explore its future potential. The downstairs area may offer additional possibilities, subject to verification of permitted use and applicable requirements. Conveniently located near Barrio Logan, South Park, and East Village, and approximately three-quarters of a mile from downtown San Diego, the home puts local dining, shops, and city attractions within easy reach. Nearby State Route 94 connects to the broader San Diego area, including the airport. Bring your vision and explore what this distinctive property could become. This property is ideally positioned just minutes from Barrio Logan, South Park, and East Village amd 3/4 of a mile from downtown San Diego— these neighborhoods known for their vibrant mix of local shops, restaurants, and community energy. The location offers easy access to major freeways 94 freeway, making commutes to downtown, the airport, and beyond effortless.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.2 |
| Baths | 3.0 | 2.2 |
| Square foot | 1,661 | 1,752.269 |
| Lot Size | 3,487 | 6,446.159 |
| Price | $650.0K | $1.27M |
| Price per sq ft | $391 | $736 |
| Built year | 1918 | 1971 |
| HOA | $0 | $186 |
| Days on market | 26 | 41 |
Sep 29, 2026
$650,000
Initial Listing
Nov 20, 2019
$30,000
Public Record
Oct 3, 2013
$389,000
Public Record
Mar 23, 2011
$175,000
Public Record