5612 Meade, San Diego, California 92115, San Diego, 92115 - 3 bed, 2 bath
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San Diego, California 92115
This Spacious Mediterranean Ranch is a High-Potential Investment Opportunity listed at $969,400—positioned well below the $999,999 Fair Market Value by 3%. This valuation gap provides $30,599 in Instant Equity. Boasting a Condition Rating of 3, the home features extensive 2026 system upgrades including plumbing, gas, and a newer roof. The 1,682 sq. ft. layout, paired with a private spa, renovated deck, and ADU potential via alley access, offers significant lifestyle and rental upside. It is ideal for Owner-Occupants or Multi-Generational Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5612 Meade Subject | $969,400* List Price | 3 | 2 | 1,682 | $595 | - |
A 4315 W Overlook Sold | $875,000 | 3 | 2 | 1,244 | $703 | 0.3 mi |
B 4638 60th Street Sold | $1,025,000 | 3 | 2 | 1,396 | $734 | 0.5 mi |
C 4575 Alice Sold | $924,750 | 2 | 2 | 1,366 | $677 | 0.3 mi |
D 5460 Gilbert Dr Sold | $875,000 | 3 | 2 | 1,500 | $583 | 0.2 mi |
E 3836 Brems St. Street Sold | $680,000 | 3 | 1 | 1,044 | $651 | 0.9 mi |
F 5731 Trojan Ave Active | $1,024,000 List Price | 4 | 4 | 1,545 | $663 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1960, the property is well-maintained and move-in ready with significant recent system updates including a newer roof, HVAC, and plumbing/gas (2026). Interior features refinished hardwoods (2019) and modern stainless appliances (2021-2023). The kitchen and bathrooms are functional and clean, though the cabinetry and tile countertops reflect an older renovation style (>15 years).
The property features significant recent capital improvements, including a newer roof, central air conditioning, a 2022 water heater, and updated plumbing and gas piping (2026), minimizing immediate maintenance costs for the buyer.
Situated on a usable lot with rare alley access, the property offers high potential for an Accessory Dwelling Unit (ADU), providing a clear path for rental income or multi-generational living expansion.
At 1,682 square feet, this is a uniquely large single-level home for El Cerrito Heights, featuring a versatile floor plan with a bonus family room and refinished hardwood floors that are increasingly hard to find under $1M.
Despite recent system updates, the 1960s construction and 'clean but original' kitchen description suggest that buyers may want to invest in further cosmetic modernizations to meet contemporary luxury standards.
The recent price reduction from the original $999,999 listing price indicates that the property may have faced initial resistance at the $1M threshold, potentially affecting perceived market momentum.
Rare opportunity to own a larger single-story home in El Cerrito Heights under $1M with real upside. Multiple living spaces, a flexible layout, and a usable lot with ADU potential make this a standout, offering flexibility to move right in or update over time. This Mediterranean ranch-style home features refinished hardwood floors (2019), a comfortable living room with fireplace, a spacious bonus family room, and a bright dining area—providing versatile space for everyday living and entertaining. The kitchen is clean and well-maintained with stainless steel appliances, including a newer gas range (2021) and refrigerator (2023). The primary suite offers direct backyard access, enhancing indoor-outdoor flow. Recent updates include gas piping and plumbing (2026), water heater (2022), central A/C with Nest thermostat, and a newer roof. Situated on a usable lot with alley access, the property offers strong ADU potential and room for expansion or added income. The private backyard includes a renovated deck, pergola, and newer spa (2025), ideal for entertaining. Homes with this combination of space, layout, and future potential are increasingly rare in El Cerrito Heights and the surrounding College Area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,682 | 1,309 | 75% |
| Lot Size | 5,866 | 6,098.4 | 43% |
| Price | $969.4K | $950.0K | 52% |
| Price per sq ft | $576 | $734 | 10% |
| Built year | 1960 | 1951 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 128 | 22% |
Apr 24, 2026
$969,400
$999,999
-3% Price Drop
Initial Listing
Apr 9, 2026
$999,999
Initial Listing
Dec 23, 2011
$348,000
Public Record
Dec 15, 2005
$515,000
Public Record
Nov 30, 1994
$133,000
Public Record