
San Diego, California 92120
This property presents a Strong Value Opportunity with a List Price of $925,000—positioned well below the $1,007,916 Fair Market Value by 8%. This valuation gap offers $82,916 in Instant Equity for buyers willing to address the Fair Condition Rating. Featuring a 0.25-acre corner lot and an in-ground swimming pool, the home offers significant renovation potential. Located in the desirable Del Cerro neighborhood near top-rated schools, this is a high-reward acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6769 Ridge Manor Ave Subject 3 bd · 2 ba · 1,905 sqft · $529 | $925,000* List Price | 3 | 2 | 1,905 | $529 | - |
A 5657 Red River Drive Sold 4 bd · 3 ba · 1,729 sqft · $602 · 0.9 mi | $1,040,000 | 4 | 3 | 1,729 | $602 | 0.9 mi |
B 5533 Elgin Ave Sold 3 bd · 2 ba · 1,679 sqft · $560 · 0.8 mi | $941,000 | 3 | 2 | 1,679 | $560 | 0.8 mi |
C 7266 Horner Street Sold 4 bd · 2 ba · 1,474 sqft · $620 · 0.4 mi | $913,815 | 4 | 2 | 1,474 | $620 | 0.4 mi |
D 7096 Hillsboro St Sold 3 bd · 2 ba · 1,485 sqft · $599 · 1.0 mi | $890,000 | 3 | 2 | 1,485 | $599 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 53 years old (built 1971) and is explicitly marketed as a renovation opportunity 'in need of updating.' Interior photos reveal stained carpeting and dated vinyl flooring. While the HVAC system features a newer Goodman furnace, the original galley kitchen, bathrooms, and overall finishes require a full rehab to address the age and lack of recent renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11000, living area = 1905.
Situated in a highly desirable residential neighborhood near Lake Murray and top-rated schools, this property offers exceptional long-term value and community appeal.
The generous 0.25-acre lot features a private in-ground swimming pool and mature landscaping, providing a rare outdoor oasis with significant privacy.
The home is in need of comprehensive updating and modernization, which will require a substantial additional investment of time and capital from the buyer.
Described as a 'canvas for reimagining,' the property likely features aged systems and finishes that may not meet the immediate expectations of traditional retail buyers.
Bring Your Vision to Life with this spacious San Diego Home with Pool, Privacy & Endless Potential! Opportunity awaits with this detached 3-bedroom, 2-bathroom home offering approximately 1,905 square feet of living space on a generous quarter-acre corner lot. In need of updating, this property presents an exciting opportunity for buyers looking to renovate, personalize, & unlock its potential. The flexible floor plan features a living room with a striking brick fireplace & an oversized firebox opening, a galley kitchen, a separate family room, & a formal dining room. An additional bonus room offers versatility as a possible 4th bedroom, home office, or den, complete with two floor-to-ceiling windows that bring in natural light. Everyday convenience is enhanced by a dedicated indoor laundry room & a two-car garage with direct access into the home. An enclosed patio adjoining the kitchen & family room overlooks the in-ground swimming pool, offering a wonderful starting point for creating an inviting indoor-outdoor living space. The spacious backyard features mature trees that provide a sense of privacy around the pool, while a white vinyl-fenced side yard offers a potential dog run for four-legged family members. The corner location & approximately 0.25-acre lot provide additional outdoor space & possibilities to explore. With its generous footprint, multiple living areas, versatile bonus room, pool, & substantial lot, this property offers a compelling canvas for buyers, investors, or renovation-minded homeowners ready to reimagine a home and make it your own. Discover the possibilities in desirable Del Cerro, an established residential neighborhood in San Diego near Lake Murray, Mission Trails Regional Park and San Diego State University. This is an opportunity to bring new life to a spacious detached home in a sought-after San Diego location. Del Cerro, a primarily residential San Diego community, offers convenient connections to surrounding neighborhoods, restaurants and the greater San Diego area. Just a few blocks from Fire station 31, and very near Marvin Elementary, Lewis Middle & Patrick Henry Highschool.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,905 | 1,752.269 |
| Lot Size | 11,000 | 6,446.159 |
| Price | $925.0K | $1.27M |
| Price per sq ft | $486 | $736 |
| Built year | 1971 | 1971 |
| HOA | $0 | $186 |
| Days on market | 4 | 41 |
Oct 21, 2026
$925,000
Initial Listing
May 18, 1993
$254,000
Public Record
Apr 22, 1988
$175,000
Public Record