
San Diego, California 92119
This 2BR townhome represents a High-Potential Investment Opportunity, listed at a List Price of $470,000—positioned well above the $409,837 Fair Market Value by -14%. While the property requires cosmetic updates, its Fair Condition Rating allows for significant value-add potential through flooring and paint. Located steps from Mission Trails Park with access to a pool and spa, this asset offers a peaceful lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity in a prime San Diego location.
Property is extensive renovation needed.
Built in 1972 (54 years old), the property exceeds the 30-year threshold for the poor category. The listing explicitly states it needs new flooring, paint, and 'general TLC' to build equity, indicating a need for rehab. While it has a newer water heater, the lack of updates to the kitchen and baths in a 50+ year old unit suggests significant modernization is required.
Situated steps from Mission Trails Regional Park and fronting an open greenbelt, this property offers exceptional access to hiking and outdoor recreation in a peaceful, quiet setting.
Priced below market value, this home presents a significant opportunity for buyers to build instant equity through cosmetic upgrades like paint and flooring.
Residents benefit from a comprehensive suite of amenities including a pool, spa, clubhouse, and playground, along with a private fenced patio and easy carport access.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 806, other record living area = 880.
The property requires immediate investment in paint, flooring, and general TLC, which may deter buyers looking for a move-in-ready residence.
At 806 square feet for a two-bedroom layout, the interior space is relatively small, which may limit appeal for those requiring more spacious living quarters.
Below-Market Opportunity – Needs Paint & Flooring San Carlos / Mission Trails – 2BR Townhome Fronts up to open greenbelt with a private patio with easy access to carport. Spacious open layout. Home is priced below market because it needs paint, flooring, and general TLC — perfect for someone who wants to customize and build instant equity in a great neighborhood. Highlights: - Open floorplan with good natural light - Fenced patio – quiet and private - Newer water heater - Peaceful location within the community - Complex includes pool, spa, clubhouse and playground - Steps from Mission Trails Park for hiking and outdoor activities
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 806 | 999 |
| Lot Size | 276,583 | 84,697.5 |
| Price | $449.0K | $604.2K |
| Price per sq ft | $557 | $618 |
| Built year | 1972 | 1985 |
| HOA | $435.0 | $500 |
| Days on market | 37 | 53 |
Jul 10, 2026
$449,000
$459,000
-2% Price Drop
Initial Listing
Jun 27, 2026
$459,000
$470,000
-2% Price Drop
Initial Listing
Jun 15, 2026
$470,000
Initial Listing
Jul 12, 1996
$77,000
Public Record