5744 46 Dream Street, San Diego, California 92114, San Diego, 92114 - bed, bath
ACTIVE$1,299,000
5744 46 Dream Street, San Diego, California 92114
0Bed
0Bath
2,450Sqft
9,147.6Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex with ADU: This fully permitted duplex includes a newly built, independent 2-bedroom, 1-bathroom ADU with its own private entrance, side yard, and separate utility meters, offering significant rental income potential or multi-generational living.
Top Cons:
Original Construction Age: Built in 1953, the property's original construction date may raise concerns about the condition of underlying infrastructure (e.g., plumbing, electrical systems) despite recent renovations.
Compared to the nearby listings
Price:$1.30M vs avg $963.5K (+$335,500)50%
Size:2,450 sqft vs avg 2,179 sqft50%
Price/sqft:$530 vs avg $43050%
More Insights
Built in 1953 (72 years old).
Condition: The property, originally built in 1953, has undergone significant recent improvements. The attached ADU is described as 'newly built' and features modern white shaker cabinets, stainless steel appliances, quartz-like countertops, recessed lighting, a contemporary tiled bathroom with a glass enclosure, and a mini-split AC system, indicating excellent condition. The main residence benefits from newer LVP flooring and fresh paint throughout. However, the kitchen in the main unit, while functional, features light wood cabinets, speckled granite countertops, and older black/white appliances that appear to be from a renovation approximately 15-20 years ago. Similarly, the 1.5 bathrooms in the main unit also show signs of an older renovation with dated vanities and tile. While the property is move-in ready and the ADU is brand new, the dated elements in the main unit's kitchen and bathrooms prevent an 'Excellent' rating. The overall condition is 'Good' due to the new ADU and recent cosmetic updates, with the main unit's wet areas being the primary detractor from a higher score.
Year Built
1953
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$530
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2507898
Home ConditionGood
Features
Good View:
Deck
View-
About this home
Welcome to this reimagined and fully permitted duplex in the heart of Valencia Park! Situated on a nearly 10,000 sq. ft. lot, this versatile property offers an incredible opportunity for both homeowners and investors. The main residence features 4 spacious bedrooms, 1.5 bathrooms, and approximately 1,600 sq. ft. of living space with a private backyard and attached 2-car garage. The newly built attached ADU includes 2 bedrooms, 1 bathroom, and roughly 850 sq. ft. with its own private entrance, side yard, and separate utility meters — ideal for multi-generational living or generating passive income. Live in one unit and rent the other, or enjoy strong cash-flow potential from both! Conveniently located just minutes from Downtown San Diego, beaches, shopping, and major freeways, this property combines comfort, flexibility, and investment value in one of the city’s most accessible neighborhoods.
Condition Rating
Good
The property, originally built in 1953, has undergone significant recent improvements. The attached ADU is described as 'newly built' and features modern white shaker cabinets, stainless steel appliances, quartz-like countertops, recessed lighting, a contemporary tiled bathroom with a glass enclosure, and a mini-split AC system, indicating excellent condition. The main residence benefits from newer LVP flooring and fresh paint throughout. However, the kitchen in the main unit, while functional, features light wood cabinets, speckled granite countertops, and older black/white appliances that appear to be from a renovation approximately 15-20 years ago. Similarly, the 1.5 bathrooms in the main unit also show signs of an older renovation with dated vanities and tile. While the property is move-in ready and the ADU is brand new, the dated elements in the main unit's kitchen and bathrooms prevent an 'Excellent' rating. The overall condition is 'Good' due to the new ADU and recent cosmetic updates, with the main unit's wet areas being the primary detractor from a higher score.
Pros & Cons
Pros
Income-Generating Duplex with ADU: This fully permitted duplex includes a newly built, independent 2-bedroom, 1-bathroom ADU with its own private entrance, side yard, and separate utility meters, offering significant rental income potential or multi-generational living.
Large Lot Size: Situated on a substantial 9,147 sq. ft. lot, the property provides ample outdoor space, privacy, and potential for future landscaping or enhancements.
Recent Renovation & Permitting: Described as 'reimagined and fully permitted,' indicating recent upgrades and ensuring all modifications meet legal and safety standards, reducing immediate buyer concerns.
Strategic Location: Conveniently located just minutes from Downtown San Diego, beaches, shopping, and major freeways, offering excellent accessibility and lifestyle benefits.
Versatile Investment Opportunity: The property is ideal for both owner-occupants seeking rental income to offset mortgage costs and pure investors looking for strong cash flow potential in the San Diego market.
Cons
Original Construction Age: Built in 1953, the property's original construction date may raise concerns about the condition of underlying infrastructure (e.g., plumbing, electrical systems) despite recent renovations.
Bathroom Count in Main Unit: The main residence features 4 spacious bedrooms but only 1.5 bathrooms, which could be a functional limitation or less desirable for larger families or multiple occupants.
Neighborhood Development Stage: While accessible, Valencia Park (part of the 92114 Encanto area) is an evolving neighborhood, and some buyers may have perceptions related to its historical development or current amenities compared to more established San Diego locales.