
San Diego, California 92115
This property presents a High-Potential Investment Opportunity with a List Price of $1,099,000, positioned above the $1,006,936 Fair Market Value. While priced at a premium, the asset offers significant long-term upside through its 6,600 sq. ft. lot and 5-9 units per acre zoning potential. Featuring a Condition Rating of 3, the home includes a Granite Kitchen and Central HVAC, ensuring immediate rental viability for the student market. This is a strategic acquisition ideal for Buy-and-Hold Investors or Developers looking to capitalize on the SDSU area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6223 Mesita Drive Subject | $1,049,000* List Price | 3 | 2 | 1,404 | $707 | - |
A 6233 Stewart Sold | $870,000 | 3 | 2 | 1,130 | $770 | 0.1 mi |
B 4751 Rose Place Sold | $1,175,000 | 3 | 2 | 1,309 | $898 | 0.2 mi |
C 6145 Carling Way Sold | $1,010,000 | 3 | 2 | 1,593 | $634 | 0.8 mi |
D 6273 Estelle Street Sold | $1,070,000 | 4 | 2 | 1,460 | $733 | 0.6 mi |
E 4608 Valencia Sold | $882,500 | 3 | 2 | 1,412 | $625 | 0.7 mi |
F 4575 Alice Sold | $924,750 | 2 | 2 | 1,366 | $677 | 0.6 mi |
G 4638 60th Street Sold | $1,025,000 | 3 | 2 | 1,396 | $734 | 0.5 mi |
H 5166 Brockbank Active | $975,000 List Price | 4 | 2 | 1,441 | $677 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1948, the home has undergone significant renovations within the 5-15 year range. Key updates include a kitchen with granite countertops, fully remodeled bathrooms with modern vanities and stylish tile work, refinished hardwood floors, and the addition of central heating and air conditioning. The property is well-maintained and move-in ready.
The flat 6,600 sq. ft. lot falls under a new Community Plan Update allowing 5-9 units per acre, offering significant redevelopment upside for investors.
Located just minutes from San Diego State University, the property is ideally positioned to capture consistent rental demand from the student market.
Unlike many older homes in the area, this property features central HVAC and a long driveway providing essential off-street parking for multiple tenants.
At a list price of $1,099,000 for a 1948-built structure, the value is heavily dependent on future development rather than the current square footage.
The assigned middle and high schools carry lower ratings (4/10), which may deter traditional family buyers and limit the property's appeal to the investor segment.
Welcome to this charming College Area home situated on a flat, usable 6,600 sq. ft. lot just minutes from San Diego State University. Offering 3 bedrooms, 2 bathrooms, and 1,404 sq. ft., this home has a functional floor plan, generously sized rooms, great natural light, and plenty of outdoor space to enjoy. Inside, original hardwood floors run throughout much of the home, while the bright kitchen features granite countertops, ample cabinetry, and a sunny breakfast nook. The spacious living and dining areas offer plenty of room to gather and entertain. The primary suite features a large walk-in closet and private ensuite bathroom with a dual-sink vanity and tiled walk-in shower. Two additional bedrooms are both generously sized, while the updated guest bathroom features stylish tilework, an oversized vanity, and charming architectural details. Central heating and air conditioning provide year-round comfort. Outside, the expansive backyard offers plenty of room to relax, entertain, garden, or make the space your own. A detached two-car garage provides additional parking and storage with potential for an ADU conversion, while a separately fenced green space behind the garage creates even more possibilities. Off-street parking adds another major convenience in this College Area location. Beyond everything the home offers today, the 6,600 sq. ft. lot also provides exciting long-term potential. Located within the recently approved Community Plan Update and new 5–9 dwelling units per acre zoning, buyers can explore future opportunities to add units or redevelop the property. Whether you're looking for a place to call home, a rental near SDSU, or a property with future development upside, this one offers flexibility for today and possibilities for tomorrow. Buyer to verify all zoning & development possibilities.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,404 | 1,777.941 |
| Lot Size | 6,600 | 6,474.445 |
| Price | $1.05M | $1.27M |
| Price per sq ft | $747 | $741 |
| Built year | 1948 | 1971 |
| HOA | $0 | $184 |
| Days on market | 50 | 40 |
Aug 21, 2026
$1,049,000
$1,099,000
-5% Price Drop
Initial Listing
Jul 21, 2026
$1,099,000
Initial Listing
Nov 18, 2010
$425,000
Public Record
Jun 29, 2010
$325,500
Public Record