
San Diego, California 92109
This property presents a High-Potential Investment Opportunity with a List Price of $2,100,000—positioned above the $1,974,544 Fair Market Value. While the current Condition Rating of 3 offers move-in readiness, the true value lies in the Zoning for two units plus ADU and the rare three-story redevelopment potential. With peek ocean views and a prime coastal location just 100 feet from the sand, this asset is a strategic play for Buy-and-Hold Investors or Developers looking to maximize density in a high-demand beach market.
Property is move-in ready.
Although built in 1974, the property has undergone significant renovations likely within the last 5-15 years. The interior features well-maintained hardwood floors, a refreshed kitchen with updated cabinetry and tiling, and a functional bathroom with modern subway tile. The presence of a wall-mounted mini-split HVAC system indicates updated mechanicals. While the listing highlights redevelopment potential, the current condition is move-in ready and well-maintained.
Elementary School: Bay Park Elementary School (9/10).
Situated just 100 feet from the sand on the coveted 'sunny side' of the court, this property offers immediate access to both the Pacific Ocean and Mission Bay.
Zoned for up to two units plus a potential ADU, the lot offers a rare opportunity for a three-story redevelopment to capture panoramic ocean views from a future rooftop deck.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The current 858-square-foot structure is undersized for a three-bedroom home and features only one bathroom, which may necessitate a costly expansion or total rebuild.
At a $2.1M list price, the value is heavily weighted in the land and zoning, as the 1974 cottage likely requires significant capital investment to meet modern luxury standards.
Imagine living just one house away from the sand in the heart of South Mission Beach. Positioned on the coveted "sunny side" of the court, this property captures the best of coastal living, where natural light floods the space all day long. Whether you’re looking for a classic beach cottage to enjoy as it is, a renovation project to make your own, or a full-scale redevelopment, the potential here is incredible. The property is zoned for up to two units (plus ADU?), offering a rare chance to build up to three stories. Picture yourself on a future rooftop deck, soaking in panoramic views of the Pacific and the salt air. It’s the perfect blend of location and opportunity—sitting along Strandway means you’re mere steps from the ocean, while the north-side court positioning ensures a bright, airy atmosphere that’s hard to find. Practicality meets the beach lifestyle with a two-car side-by-side garage plus an additional large parking space—a true luxury in this neighborhood. When you aren't lounging on the front patio enjoying peek ocean views, you’re perfectly placed to explore. The beach is only about 100 feet away, Mission Bay is directly across the street, and you’re within easy reach of Belmont Park, local dining, and boutique shopping. With San Diego landmarks like SeaWorld and the Zoo just a short drive away, this is more than just a home; it’s a gateway to the very best of the California coast.
No exterior & parking available.
Grades K-5 • 2.0 mi
Grades K-5 • 2.9 mi
Grades K-5 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 1.0 | 2.2 |
| Square foot | 858 | 1,752.269 |
| Lot Size | 2,292 | 6,446.159 |
| Price | $2.10M | $1.27M |
| Price per sq ft | $2.4K | $736 |
| Built year | 1974 | 1971 |
| HOA | $0 | $186 |
| Days on market | 17 | 41 |
Oct 8, 2026
$2,100,000
Initial Listing
Jul 6, 2018
$1,300,000
Public Record
Sep 15, 2000
$485,000
Public Record