6239 Mary Lane Dr, San Diego, California 92115, San Diego, 92115 - 7 bed, 3 bath
Loading property details...
6239 Mary Lane Dr
San Diego, California 92115
ACTIVE
CONDITION: EXCELLENT
7Beds
3Baths
1,796Sq Ft
0Lot Size
Property Price
LIST PRICE$1,295,000
EST. MARKET VALUE
$1,215,056
6% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $1,295,000, positioned above the $1,215,056 Fair Market Value. While not priced at a discount, the property serves as a Buy-and-Hold Investor asset, specifically optimized for the SDSU off-campus housing market. Featuring a 7-bedroom configuration and a Fair Condition Rating with recent high-end interior renovations, it offers immediate cash flow. The large, level lot provides significant upside for ADU expansion, making this an ideal acquisition for Strategic Real Estate Investors seeking to maximize rental yield.
Estimated Market Value
$1,215,056
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 |
|---|---|---|---|---|---|---|
★ 6239 Mary Lane Dr Subject 7 bd · 3 ba · 1,796 sqft · $677 | $1,295,000* List Price | 7 | 3 | 1,796 | $677 | - |
A 5882 Adams Ave Sold 5 bd · 3 ba · 1,929 sqft · $560 · 0.6 mi | $1,080,000 | 5 | 3 | 1,929 | $560 | 0.6 mi |
B 6459 Richard St. Sold 7 bd · 3 ba · 1,895 sqft · $702 · 0.5 mi | $1,330,000 | 7 | 3 | 1,895 | $702 | 0.5 mi |
C 6233 Mary Lane Dr Active 7 bd · 3 ba · 1,751 sqft · $857 · 0.0 mi | $1,500,000 List Price | 7 | 3 | 1,751 | $857 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite the 1946 build date, the interior shows a recent high-end renovation (likely <5 years) featuring a modern kitchen with white shaker cabinets, stone countertops, stainless steel appliances, and updated LVP flooring and recessed lighting throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Student Housing Location
Situated in the heart of the College Area within walking distance to San Diego State University, the property benefits from consistent high demand and a robust off-campus rental market.
- Significant Value-Add Potential
The large, level lot offers excellent opportunities for ADU expansion, while the option to purchase the adjacent property provides a rare chance for a strategic multi-lot investment.
- Optimized Rental Configuration
With a 7-bedroom layout and ample off-street parking, the property is perfectly configured for high-occupancy student living and immediate cash flow generation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1796, other record living area = 1729. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 5.
- Aging Infrastructure
Originally built in 1946, the property likely requires significant capital investment for modern renovations and system upgrades to maximize its long-term market value.
- High-Density Wear and Tear
The 7-bedroom configuration within 1,796 square feet indicates high-intensity use, which typically results in increased maintenance costs and accelerated depreciation of the interior.
About 6239 Mary Lane Dr
Brand New $105,000 Price Reduction – Bring All Offers! Excellent investment opportunity in the heart of the College Area. 6239-41 Mary Laneis ideally located on one of the premier streets surrounding San Diego State University, just a short walk to campus, public transit, restaurants,and shopping. Historically operated as a successful student rental, the property has consistently benefited from strong demand and occupancyfueled by SDSU's growing off-campus housing market. The spacious floor plans are well-suited for student or roommate living and feature ample off-street parking on a large, level lot. Investors will appreciate the strong in-place income with additional upside through future renovations, operational improvements, and the potential to add ADUs (buyer to verify), as several neighboring properties have successfully expanded. Also available: The adjacent property at 6233 Mary Lane Dr may be purchased together or separately, providing a rare opportunity to acquire two neighboring investment properties in one of San Diego's strongest student rental markets.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1946
- Lot Size
- -
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Clay Elementary School
Grades K-5 • 0.6 mi
5/10
Hardy Elementary School
Grades K-5 • 0.8 mi
8/10
Mann Middle School
Grades 6-8 • 1.2 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 3.2 |
| Baths | 3.0 | 2.2 |
| Square foot | 1,796 | 1,752.269 |
| Lot Size | - | 6,446.159 |
| Price | $1.29M | $1.27M |
| Price per sq ft | $721 | $736 |
| Built year | 1946 | 1971 |
| HOA | $0 | $186 |
| Days on market | 40 | 41 |
Pricing History
Listed for Sale
Sep 15, 2026
$1,295,000
Initial Listing
Sold
Oct 10, 2019
$647,000
Public Record