728 Toulon Court, San Diego, California 92109, San Diego, 92109 - 4 bed, 2 bath
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San Diego, California 92109
This property presents a High-Potential Investment Opportunity with a List Price of $1,889,000—positioned above the $1,855,160 Fair Market Value. While the property lacks instant equity, its Prime Coastal Location steps from the Pacific Ocean and Mission Bay provides significant long-term appreciation potential. Featuring a Condition Rating of 4, the dated 1925 structure serves as a blank canvas for a custom build or high-yield development. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on a rare, large-lot beachside asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 728 Toulon Court Subject | $1,889,000* List Price | 4 | 2 | 1,516 | $1,224 | - |
A 3719 Mission Boulevard Pending | $1,750,000 List Price | 3 | 3 | 1,456 | $1,202 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1925, the property is over 100 years old. While the kitchen has received a moderate update (estimated 10-15 years ago) featuring stone countertops and stainless steel appliances, the overall structure remains dated with older wood paneling and flooring. The listing's heavy emphasis on development potential and 'building a dream home' suggests the improvements are nearing the end of their functional life, though the home remains currently livable.
Ideally situated just steps from both the Pacific Ocean and Mission Bay, offering a quintessential San Diego beach lifestyle with easy access to water activities and sunset views.
Occupying one of the larger lots in the area, this property presents a significant opportunity to build a custom dream home or develop a high-yield income property in a high-demand rental market.
Unlike many older beach cottages, this home features an attached 2-car garage with laundry and storage, providing essential parking and utility in a densely populated coastal neighborhood.
Built in 1925, the original cottage likely requires extensive modernization or a complete rebuild to meet contemporary luxury standards and maximize the site's value.
While considered large for the immediate area, the 2,171 square foot lot still imposes constraints on footprint and outdoor living space compared to traditional suburban residential properties.
Iconic San Diego beach location. Ideally situated west of Mission just steps from the Pacific Ocean to the west and Mission Bay to the east. Enjoy beautiful sunsets and peaks of the ocean and bay from the upstairs main bedroom and the front deck and entry. This quaint seaside area evolved from temporary seaside tents into charming 1920's beach cottages. Today, many of these original tiny, seasonal summer homes have been remodeled or rebuilt into larger contemporary structures. A few features include an attached 2 car garage with laundry and plenty of storage for all your beach and ocean activities. This is your opportunity to build your dream home or develop the property for income. It's an ideal location on one of the larger lots and a great place to live or visit.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.5 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,516 | 1,940.5 | 35% |
| Lot Size | 2,171 | 5,313.6 | 31% |
| Price | $1.89M | $2.29M | 29% |
| Price per sq ft | $1.2K | $1.2K | 57% |
| Built year | 1925 | 1969 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 146 | 11% |
May 23, 2026
$1,889,000
Initial Listing