
San Diego, California 92117
This Multi-Unit Development Asset is listed at $1,200,000, representing a stable entry point relative to its $1,172,942 Fair Market Value when accounting for the significant value-add of included entitlements. The property features a Fully Remodeled 4BR/2BA Home with an Excellent Condition Rating, currently tenant-occupied for immediate cash flow. Plans for Four Additional ADUs are well into the approval process, providing a rare head start for a five-unit high-density project. Located near Top-Rated Holmes Elementary (9/10), this is a strategic acquisition for Seasoned Developers or Portfolio Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5372 Barstow Street Subject | $1,125,000* List Price | 4 | 2 | 1,279 | $887 | - |
A 4822 Mount La Palma Drive Sold | $1,255,000 | 4 | 2 | 1,600 | $784 | 0.9 mi |
B 5179 Diane Ave Sold | $1,228,000 | 4 | 2 | 1,402 | $876 | 0.7 mi |
C 5101 Roscrea Avenue Sold | $1,000,000 | 5 | 4 | 1,233 | $811 | 0.2 mi |
D 5162 Limerick Ave Sold | $1,130,000 | 3 | 2 | 1,200 | $942 | 0.3 mi |
E 4725 Conrad Sold | $920,000 | 3 | 2 | 1,008 | $913 | 0.7 mi |
F 4862 Kings Sold | $987,000 | 3 | 1 | 1,008 | $979 | 0.8 mi |
G 4970 Mable Way Active | $998,000 List Price | 4 | 2 | 1,117 | $893 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive top-to-bottom renovation, featuring a modern kitchen with new shaker cabinetry, quartz countertops, and stainless steel appliances. Both bathrooms are fully updated with contemporary tile work, new vanities, and modern fixtures. The interior boasts new luxury vinyl plank flooring, recessed lighting, skylights, and energy-efficient upgrades including ductless mini-split HVAC systems and solar panels, meeting the highest standards for a recently renovated home.
Elementary School: Holmes Elementary School (9/10).
The existing 1,279 SF front home is fully remodeled and currently tenant-occupied, allowing an investor to generate rental income from day one while pursuing further development.
With plans for four additional ADUs already well into the approval process, the property offers a significant head start on a high-density project, bypassing years of initial groundwork.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1279, other record living area = 1819.
While plans are in progress, the buyer will need to secure substantial additional financing and manage the construction of four new units to realize the property's full income potential.
Fitting five total units onto a 6,400 SF lot may result in limited on-site parking and minimal private outdoor space, which could be a concern for future long-term tenants.
This property presents a rare chance to capitalize on San Diego's thriving rental market — and uniquely, it starts generating income from day one. The existing 1,279 SF front home has been fully remodeled from top to bottom — new kitchen, bathrooms, flooring, owner solar with tesla battery and more — and is currently tenant-occupied, meaning an incoming buyer steps into immediate cash flow while the ADU plans work through the approval process. Plans for four brand-new ADUs — two 650 SF and two 430 SF units across two detached duplexes — are well into the approval process, giving an incoming buyer a significant head start toward five total income-producing units on a single lot, without the years of groundwork typically required to get here. The design is thoughtful and built to attract quality tenants from day one — modern finishes, private entries, in-unit laundry, and efficient ductless HVAC in every unit. Once stabilized, the project is positioned to generate strong monthly cash flow across all five units in a neighborhood where rental demand is consistent, vacancy is low, and new construction commands a premium. Tucked in the heart of Clairemont Mesa with frontage on both Barstow Street and Roscrea Avenue, the property is minutes from USD, UCSD, Mission Bay, Fashion Valley, and every major employment corridor in the county via the I-5 and I-805 — the kind of location that makes units easy to fill and easy to keep filled. Whether you're a seasoned developer ready to carry the plans across the finish line or a growing investor looking to build a high-performing multi-unit asset, the hard work here is already well underway. A straightforward opportunity in one of San Diego's most dependable rental neighborhoods.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 56% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,279 | 1,493.5 | 25% |
| Lot Size | 6,400 | 6,300 | 53% |
| Price | $1.12M | $1.20M | 40% |
| Price per sq ft | $880 | $792 | 68% |
| Built year | 1959 | 1961 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 153 | 7% |
Apr 17, 2026
$1,125,000
$1,200,000
-6% Price Drop
Initial Listing
Mar 20, 2026
$1,200,000
Initial Listing
Aug 21, 2024
$850,000
Public Record
Jun 21, 2011
$300,000
Public Record
Jan 27, 2005
$498,000
Public Record