5356 W Falls View Drive, San Diego, California 92115, San Diego, 92115 - 4 bed, 3 bath
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5356 W Falls View Drive
San Diego, California 92115
ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,178Sq Ft
11,198Lot Size
Property Price
LIST PRICE$1,250,000
EST. MARKET VALUE
$1,244,289
SUMMARY
This property represents a High-Potential Investment Opportunity, listed at a List Price of $1,250,000—positioned slightly above the $1,244,289 Fair Market Value. While priced at market stability, the 11,198 sqft lot provides significant ADU/JADU development potential to maximize rental yields. Featuring a Condition Rating of 3, the home includes solar panels and a private swimming pool. Located in a high-demand student rental hub near SDSU, this is a strategic Buy-and-Hold Asset ideal for Real Estate Investors or Owner-Occupants seeking income-generating property.
Estimated Market Value
$1,244,289
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 |
|---|---|---|---|---|---|---|
★ 5356 W Falls View Drive Subject 4 bd · 3 ba · 2,178 sqft · $571 | $1,250,000* List Price | 4 | 3 | 2,178 | $571 | - |
A 5045 La Dorna St Sold 3 bd · 2 ba · 1,550 sqft · $655 · 0.6 mi | $1,015,000 | 3 | 2 | 1,550 | $655 | 0.6 mi |
B 5295 Joan Ct Sold 4 bd · 2 ba · 1,717 sqft · $524 · 0.9 mi | $900,000 | 4 | 2 | 1,717 | $524 | 0.9 mi |
C 4911 Campanile Dr. Sold 3 bd · 2 ba · 1,834 sqft · $491 · 0.7 mi | $900,000 | 3 | 2 | 1,834 | $491 | 0.7 mi |
D 5169 Catoctin Sold 3 bd · 2 ba · 1,462 sqft · $670 · 0.6 mi | $980,000 | 3 | 2 | 1,462 | $670 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1975, the property has been significantly updated with modern interior finishes, including recessed lighting, hardwood flooring, and a contemporary fireplace surround. The addition of solar panels indicates updated systems, and the overall aesthetic suggests a renovation within the last 5-15 years, making it move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11198, living area = 2178.
- Prime Investment Location
Situated within walking distance to San Diego State University, this property is positioned in a high-demand student rental hub, ensuring consistent occupancy and strong income potential.
- Value-Add Development Potential
The expansive 11,198 sqft lot offers a significant opportunity to maximize ROI by adding an ADU and JADU, providing multiple streams of rental income or multigenerational living options.
CONSRISKS & DEFICIENCIES
- Regulatory Due Diligence
The feasibility of ADU/JADU additions and specific rental income projections are not guaranteed, requiring the buyer to navigate complex city permitting and zoning verifications.
- Management Intensity
Properties in high-density student areas often face higher turnover rates and increased wear and tear, necessitating more hands-on property management compared to standard residential areas.
About 5356 W Falls View Drive
PRIME SDSU INVESTMENT OPPORTUNITY! Located just a short walk from San Diego State University in a highly desirable student rental neighborhood, this beautifully updated 4-bedroom, 3-bath home offers exceptional income and investment potential. Featuring an attached 2-car garage, solar, private swimming pool, and numerous upgrades, this property is ideal for investors, developers, or owner-occupants. Explore the potential to add an ADU and JADU for additional rental income or multigenerational living, subject to city approval. Conveniently located near SDSU, shopping, dining, entertainment, and transportation. Whether you're looking for a high-demand rental, primary residence, or development opportunity, this property offers endless possibilities! Buyer to verify zoning, ADU/JADU feasibility, permits, and rental income potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1975
- Lot Size
- 11,198 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Hardy Elementary School
Grades K-5 • 0.8 mi
8/10
Clay Elementary School
Grades K-5 • 1.0 mi
5/10
Mann Middle School
Grades 6-8 • 1.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.2 |
| Baths | 3.0 | 2.2 |
| Square foot | 2,178 | 1,752.269 |
| Lot Size | 11,198 | 6,446.159 |
| Price | $1.25M | $1.27M |
| Price per sq ft | $574 | $736 |
| Built year | 1975 | 1971 |
| HOA | $0 | $186 |
| Days on market | 3 | 41 |
Pricing History
Listed for Sale
Oct 22, 2026
$1,250,000
Initial Listing
Sold
Jun 7, 1999
$173,000
Public Record