5484 88 Santa Margarita Street, San Diego, California 92114, San Diego, 92114 - 7 bed, 3 bath
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5484 88 Santa Margarita Street
San Diego, California 92114
ACTIVE
CONDITION: GOOD
7Beds
3Baths
2,738Sq Ft
9,164Lot Size
Property Price
LIST PRICE$1,150,000
EST. MARKET VALUE
$948,339
21% AboveMARKET VALUE
SUMMARY
This three-unit Multifamily Asset represents a High-Potential Investment Opportunity, listed at a List Price of $1,150,000—positioned well above the $948,340 Fair Market Value by -21%. Featuring a Condition Rating of 3, the property includes significant capital improvements like new roofs and remodeled kitchens. With RN-25 Zoning and a 9,164-square-foot lot, it offers substantial expansion potential. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile house-hacking strategy in a high-demand San Diego submarket.
Estimated Market Value
$948,339
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 |
|---|---|---|---|---|---|---|
★ 5484 88 Santa Margarita Street Subject | $1,150,000* List Price | 7 | 3 | 2,738 | $346 | - |
A 843 Alvin Street Sold | $1,085,000 | 6 | 4 | 2,830 | $383 | 0.6 mi |
B 5234 Roswell Sold | $805,000 | 6 | 3 | 2,451 | $328 | 0.5 mi |
C 1137 57 St Sold | $814,000 | 5 | 3 | 1,955 | $416 | 0.8 mi |
D 5535 San Mateo Drive Active | $919,000 List Price | 6 | 3 | 3,018 | $305 | 0.3 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 1956, the property has undergone significant recent renovations including a remodeled kitchen with quartz countertops and stainless steel appliances. Critical systems have been updated, including new roofs, new electrical panels in two units, and new water heaters. The interior features functional tile flooring and fresh paint, making it move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
This three-unit configuration with a total of 7 bedrooms offers exceptional rental income potential or a versatile house-hacking opportunity in a high-demand San Diego submarket.
- Significant Capital Improvements
Recent upgrades including new roofs, updated electrical panels in two units, new water heaters, and remodeled kitchens with quartz countertops significantly reduce immediate deferred maintenance costs.
- Development and Expansion Flexibility
The oversized 9,164-square-foot lot combined with RN-25 zoning provides a rare footprint for potential future expansion, ADU additions, or enhanced outdoor amenities.
CONSRISKS & DEFICIENCIES
- Inconsistent Infrastructure Updates
Electrical panel upgrades were only completed for two of the three units, indicating that the third unit may still require utility modernization to match the rest of the property.
- Vintage Structural Limitations
Originally constructed in 1956, the property may present maintenance challenges inherent to mid-century builds, such as aging plumbing or insulation standards not found in newer constructions.
About 5484 88 Santa Margarita Street
Great opportunity to own a well-maintained three-unit property in San Diego! This spacious multifamily property offers 7 bedrooms and 4 bathrooms across approximately 2,738 square feet, all situated on a generous 9,164-square-foot lot. The property has seen several recent updates, including new roofs, new electrical panels in two of the units, new water heaters, fresh paint, and a new fence at one unit. Additional features include tile flooring, quartz countertops, a remodeled kitchen, attached garage, exterior laundry area, and full wood fencing. Public water and sewer, no HOA, and no Mello-Roos are additional benefits. Zoned RN-25: Minor Multiple, this property offers plenty of flexibility for those looking for a three-unit property in San Diego. Conveniently located near schools, shopping, dining, and major transportation routes.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 9,164 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 3 (3 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 | 7.0 | 3.3 |
| Baths | 3.0 | 2.3 |
| Square foot | 2,738 | 1,777.941 |
| Lot Size | 9,164 | 6,474.445 |
| Price | $1.15M | $1.27M |
| Price per sq ft | $420 | $741 |
| Built year | 1956 | 1971 |
| HOA | $0 | $184 |
| Days on market | 21 | 40 |
Pricing History
Listed for Sale
Aug 19, 2026
$1,150,000
Initial Listing
Sold
May 20, 2002
$240,000
Public Record