728 Jamaica Court, San Diego, California 92109, San Diego, 92109 - 4 bed, 4 bath
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728 Jamaica Court
San Diego, California 92109
ACTIVE
CONDITION: GOOD
4Beds
4Baths
2,386Sq Ft
2,178Lot Size
Property Price
LIST PRICE$2,999,000
EST. MARKET VALUE
$2,789,357
7% AboveMARKET VALUE
SUMMARY
This R-4 Zoned Multi-Unit Asset is a Strong Value Opportunity, listed at $2,999,000—positioned well above the $2,789,357 Fair Market Value by 7%. While priced at a premium, the property offers significant income potential with two homes on one parcel and no HOA. Featuring a Condition Rating of 3, the property includes Ocean Views, Vaulted Ceilings, and a Private 1-Bedroom Unit. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage coastal rental demand and future development potential in Mission Beach.
Estimated Market Value
$2,789,357
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 |
|---|---|---|---|---|---|---|
★ 728 Jamaica Court Subject | $2,999,000* List Price | 4 | 4 | 2,386 | $1,169 | - |
A 3828 Mission Blvd Sold | $3,100,000 | 4 | 4 | 2,149 | $1,443 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1995 (29 years old), the property appears well-maintained and move-in ready. While the architecture is original, the kitchen and units have been updated with granite countertops and stainless steel appliances (likely 5-15 years ago), and the interior features functional, clean finishes like wood-look flooring and vaulted ceilings.
PROSSTRENGTHS & OPPORTUNITIES
- Development & Income Potential
Zoned R-4 with two existing homes on one parcel and no HOA, this property offers immediate rental income and the rare potential to add additional units in a high-demand coastal market.
- Prime Coastal Location
Situated just five homes from the sand in Mission Beach, the property boasts exceptional walkability to the beach, Mission Bay, and local attractions like Belmont Park.
- Panoramic Views & Outdoor Living
Multiple decks and balconies provide stunning views of the Pacific Ocean, city lights, and SeaWorld fireworks, complemented by vaulted wood-beam ceilings and abundant natural light.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2178, other record lot size in square feet = 2349.
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2178, living area = 2386.
- Limited Lot Size
The 2,178 square foot lot is relatively compact, which limits private yard space and may constrain the footprint for future expansion despite the favorable zoning.
About 728 Jamaica Court
Exceptional Mission Beach investment opportunity! Zoned R-4, this ocean-view property features two homes on one parcel with no HOA and the potential to add additional units (buyer to verify with the City). Located just five homes from the beach, it offers the perfect blend of coastal living, flexibility, and income potential. The main residence features 3 bedrooms plus an optional 4th bedroom, 2.5 bathrooms, and over 1,900 square feet with vaulted wood-beam ceilings, abundant natural light, a spacious loft, two fireplaces, an attached two-car garage, and multiple outdoor spaces including a fenced patio, two decks, and two balconies with ocean views, sea breezes, and SeaWorld fireworks. The private 1-bedroom, 1-bath unit has its own entrance, balcony, granite countertops, stainless steel appliances, and washer/dryer hookups, ideal for rental income, guests, extended family or home office. Walk to the beach, Mission Bay, restaurants, shops, and Belmont Park. A rare opportunity to enjoy the property as your own beach retreat, generate rental income, or invest in future development potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1995
- Lot Size
- 2,178 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Crown Point Jr Music Academy
Grades K-5 • 1.6 mi
7/10
Pacific Beach Elementary School
Grades K-5 • 2.4 mi
7/10
Pacific Beach Middle School
Grades 6-8 • 2.1 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 4.0 | 2.3 |
| Square foot | 2,386 | 1,777.941 |
| Lot Size | 2,178 | 6,474.445 |
| Price | $3.00M | $1.27M |
| Price per sq ft | $1.3K | $741 |
| Built year | 1995 | 1971 |
| HOA | $0 | $184 |
| Days on market | 28 | 40 |
Pricing History
Listed for Sale
Aug 12, 2026
$2,999,000
Initial Listing
Sold
Feb 29, 2016
$1,560,000
Public Record
Sold
Apr 30, 2010
$750,000
Public Record
Sold
Jan 26, 2004
$985,000
Public Record
Sold
Oct 2, 2000
$699,000
Public Record