5858 Riley St, San Diego, California 92110, San Diego, 92110 - 3 bed, 1 bath
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San Diego, California 92110
This property presents a High-Potential Investment Opportunity with a List Price of $1,150,000—positioned above the $1,023,286 Fair Market Value. While the current Condition Rating of 5 reflects its age, the RM-3-7 Zoning and eligibility for the Complete Communities Housing Solutions program allow for up to 23 units. This transit-oriented Asset offers a ministerial path for high-density development, making it a strategic acquisition for Multi-Family Developers or Buy-and-Hold Investors seeking to maximize density in a high-demand San Diego pocket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5858 Riley St Subject | $1,150,000* List Price | 3 | 1 | 1,066 | $960 | - |
A 3911 California Sold | $1,090,000 | 2 | 1 | 1,077 | $1,012 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 68 years old (built 1956) with no evidence of major renovations. The kitchen is in poor condition with significant wear on original wood cabinetry and dated tile surfaces. While currently livable for rental income, the listing is marketed as a development play for 23 units, indicating the structure and systems are at the end of their functional lifespan and require a total rehab.
The RM-3-7 zoning and eligibility for the Complete Communities Housing Solutions program allow for up to 23 units, offering a high-density development opportunity with a streamlined ministerial approval path.
Located in a Sustainable Development Area blocks from USD and under a mile from the Trolley, the property provides excellent connectivity to Mission Bay, Fashion Valley, and major employment hubs.
The presence of rear alley access offers critical design flexibility and optimized parking configurations that street-only lots cannot provide, maximizing the buildable footprint.
At a list price of $1.15M for a 5,017 sqft lot, the price per square foot is a premium, requiring a developer to maximize density to ensure a viable return on investment.
The 1956 mid-century home is small with only one bathroom, likely requiring significant updates if used for long-term rental income while awaiting entitlements.
Prime infill development opportunity blocks from USD. This RM-3-7 lot sits in a Sustainable Development Area and qualifies for the City’s Complete Communities Housing Solutions program, with preliminary plans submitted to the City for up to 23 units. Rear alley access opens up parking and site design flexibility that street-only lots can’t match. Add the program’s FAR and density bonuses, plus a ministerial path that can avoid discretionary review, and this is a rare entitlement play in a transit-served pocket of Linda Vista. Walk to a Trolley stop under a mile away, with quick access to Mission Bay, the beaches, Riverwalk Golf Club, Fashion Valley, and UTC. The existing mid-century home features original wood flooring, open beam ceilings, and wood-cased windows with strong natural light from its southern exposure, ideal income while you entitle.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,066 | 1,777 |
| Lot Size | 5,017 | 6,600 |
| Price | $1.15M | $1.24M |
| Price per sq ft | $1.1K | $743 |
| Built year | 1956 | 1972 |
| HOA | $0 | $200 |
| Days on market | 27 | 39 |
Jun 25, 2026
$1,150,000
Initial Listing
May 9, 2023
$902,500
Public Record
May 5, 2023
$895,000
Public Record