5561 Baja Dr, San Diego, California 92115, San Diego, 92115 - 4 bed, 2 bath
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5561 Baja Dr
San Diego, California 92115
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,492Sq Ft
0Lot Size
Property Price
LIST PRICE$985,000
EST. MARKET VALUE
$988,915
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $985,000—positioned well below the $988,916 Fair Market Value by 0.39%. This asset offers $3,916 in Instant Equity and immediate cash flow via a lease through July 2027. Featuring a Condition Rating of 3, the property includes wide-open southern canyon views and a massive 20,500 sqft lot with ADU potential. This is a stable, income-generating acquisition ideal for Buy-and-Hold Investors or long-term wealth builders.
Estimated Market Value
$988,915
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 |
|---|---|---|---|---|---|---|
★ 5561 Baja Dr Subject 4 bd · 2 ba · 1,492 sqft · $663 | $985,000* List Price | 4 | 2 | 1,492 | $663 | - |
A 5615 Spartan Drive Sold 4 bd · 2 ba · 1,600 sqft · $600 · 0.9 mi | $960,000 | 4 | 2 | 1,600 | $600 | 0.9 mi |
B 5416 Redland Place Sold 3 bd · 2 ba · 1,624 sqft · $585 · 0.1 mi | $950,000 | 3 | 2 | 1,624 | $585 | 0.1 mi |
C 4868 54th Street Sold 4 bd · 3 ba · 1,700 sqft · $559 · 0.2 mi | $950,000 | 4 | 3 | 1,700 | $559 | 0.2 mi |
D 6273 Estelle Street Sold 4 bd · 2 ba · 1,460 sqft · $733 · 1.0 mi | $1,070,000 | 4 | 2 | 1,460 | $733 | 1.0 mi |
E 4711 Austin Sold 4 bd · 3 ba · 1,737 sqft · $564 · 0.4 mi | $980,000 | 4 | 3 | 1,737 | $564 | 0.4 mi |
F 4793 54th Sold 3 bd · 2 ba · 1,592 sqft · $678 · 0.2 mi | $1,080,000 | 3 | 2 | 1,592 | $678 | 0.2 mi |
G 4584 Altadena Sold 4 bd · 2 ba · 1,610 sqft · $730 · 0.7 mi | $1,175,000 | 4 | 2 | 1,610 | $730 | 0.7 mi |
H 4530 58th Street Sold 3 bd · 2 ba · 1,324 sqft · $801 · 0.5 mi | $1,060,000 | 3 | 2 | 1,324 | $801 | 0.5 mi |
I 5715 Baja Drive Active 3 bd · 2 ba · 1,202 sqft · $732 · 0.2 mi | $880,000 List Price | 3 | 2 | 1,202 | $732 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1960 but shows signs of steady maintenance and rental-grade updates. The interior features modern laminate flooring and clean walls, making it functional and move-in ready, though the visible bathroom elements remain somewhat dated.
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 = 20500, living area = 1492.
- Strong Rental Income
The property generates immediate cash flow with a lease in place through July 2027 at $6,200/month, offering a high gross yield and stability for investors.
- Value-Add Potential
The lot offers significant upside potential through the addition of a future Accessory Dwelling Unit (ADU), providing a pathway to increase density and total rental revenue.
CONSRISKS & DEFICIENCIES
- Limited Immediate Flexibility
The long-term lease commitment until 2027 prevents owner-occupants from moving in or investors from repositioning the asset at current market rates for several years.
- Aging Infrastructure
Built in 1960, the property may require ongoing maintenance or capital expenditures to update older systems and finishes common in homes of this era.
About 5561 Baja Dr
Excellent investment opportunity near SDSU with beautiful, wide-open southern canyon views. Currently leased through July 2027 at $6,200/month, offering strong in-place cash flow from day one. Additional upside potential may exist through a future ADU. Professional property management is already in place and available to continue for the new owner if desired.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- -
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 • 0.4 mi
8/10
Clay Elementary School
Grades K-5 • 1.1 mi
5/10
Fay Elementary School
Grades K-5 • 1.2 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,492 | 1,752.269 |
| Lot Size | - | 6,446.159 |
| Price | $985.0K | $1.27M |
| Price per sq ft | $660 | $736 |
| Built year | 1960 | 1971 |
| HOA | $0 | $186 |
| Days on market | 28 | 41 |
Pricing History
Listed for Sale
Sep 27, 2026
$985,000
Initial Listing
Sold
Aug 7, 2014
$475,000
Public Record
Sold
Aug 24, 1998
$154,000
Public Record