
San Diego, California 92120
This property presents a High-Potential Investment Opportunity with a List Price of $989,000—positioned well below the $1,025,989 Fair Market Value by 3%. This valuation gap offers $36,989 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers significant value-add potential through cosmetic updates. The expansive 13,503 sqft lot and panoramic canyon views provide a rare foundation for forced appreciation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project with long-term upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7266 Horner Street Subject | $989,000* List Price | 4 | 2 | 1,474 | $696 | - |
A 6591 Eldridge St Sold | $1,000,000 | 3 | 2 | 1,348 | $742 | 0.9 mi |
B 7225 Laura Ct Sold | $1,000,000 | 4 | 2 | 1,369 | $730 | 0.8 mi |
C 5496 Waring Road Sold | $820,000 | 3 | 2 | 1,442 | $569 | 0.4 mi |
D 5657 Red River Drive Sold | $1,040,000 | 4 | 3 | 1,729 | $602 | 0.6 mi |
E 5970 Highplace Sold | $1,050,000 | 4 | 3 | 1,887 | $556 | 0.5 mi |
F 5585 Laramie Way Sold | $985,000 | 3 | 2 | 1,359 | $725 | 0.7 mi |
G 6875 Carthage Street Pending | $989,000 List Price | 4 | 2 | 1,485 | $666 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, the property is dated with a 'country-style' kitchen, wood-paneled walls, and older carpet requiring modernization. While bathrooms and windows have been updated, the overall age of the main living areas and lack of AC align with the Fair criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13503, living area = 1474.
Situated on a quiet cul-de-sac in Del Cerro, the property offers exceptional westerly views of the adjacent canyon, evening lights, and sunsets from a large covered deck.
The expansive 13,503-square-foot lot provides substantial outdoor space and privacy, which is a premium feature for the area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
The garage conversion creates a functional challenge where the fourth bedroom is only accessible through another room, limiting privacy and traditional utility.
The property requires cosmetic updating and TLC throughout, and the absence of a central cooling system may be a drawback during warmer San Diego months.
Location is what this home is all about! Not only is it located in a great neighborhood on a quiet cul-de-sac, but it has wonderful westerly views including the adjacent canyon, evening lights, sunsets, and maybe a glimpse of the ocean on a clear day! The home does need some updating and TLC but has good bones! Both bathrooms have been carefully updated, and most windows and sliding glass door are newer, double-paned. Three bedrooms have hardwood flooring, and seller states much of the living area is carpet over hardwood. Country-style kitchen plus dining area. Large living room with vaulted ceilings. The garage was converted to a bedroom, square footage in public records includes the garage (flooring is carpet over slab). To access this converted room, one must pass through the original 4th bedroom, now more ideally suited as a den or office. Although there is central heating but no AC, there are ceiling fans to keep the air flowing. Enjoy those views in back from a large, covered deck, and live it up!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,474 | 1,777.941 |
| Lot Size | 13,503.6 | 6,474.445 |
| Price | $989.0K | $1.27M |
| Price per sq ft | $671 | $741 |
| Built year | 1957 | 1971 |
| HOA | $0 | $184 |
| Days on market | 28 | 40 |
Aug 12, 2026
$989,000
Initial Listing