729 S 33rd Street, San Diego, California 92113, San Diego, 92113 - 3 bed, 2 bath
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San Diego, California 92113
This Single Family Residence represents a Strong Value Opportunity, listed at $665,000—positioned well above the $624,960 Fair Market Value. While the list price reflects a premium, the property features a 5,412 sqft lot with RM-1-1 Zoning, providing significant upside for developers to build an ADU. With a Condition Rating of 4, the home offers updated bathrooms and flooring, balancing historic charm with modern utility. Its proximity to the 32nd Street Naval Base and major freeways ensures consistent rental demand, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking development potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 729 S 33rd Street Subject | $665,000* List Price | 3 | 2 | 880 | $710 | - |
A 3355 Steel Sold | $650,000 | 3 | 2 | 1,050 | $619 | 0.4 mi |
B 2823 Webster Avenue Sold | $610,000 | 2 | 2 | 880 | $693 | 0.7 mi |
C 3305 Steel St Sold | $635,000 | 2 | 1 | 648 | $980 | 0.4 mi |
D 4015 Boston Ave Sold | $525,000 | 3 | 1 | 836 | $628 | 0.9 mi |
E 4023 Boston Avenue Active | $600,000 List Price | 3 | 1 | 836 | $718 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1926, the home features newer laminate flooring and fresh paint, but the kitchen remains dated with cabinetry and appliances likely from a 20+ year old renovation. While well-maintained and move-in ready, the property requires cosmetic updates and modernization of core systems to move beyond a fair rating.
The property features a generous 5,412 sqft lot with RM-1-1 zoning, providing a significant opportunity for developers or homeowners to build an ADU for rental income or multi-generational living.
Ideally situated with rapid access to the I-5 and SR-15 freeways, the 32nd Street Naval Base, and San Diego’s urban core, including Downtown, South Park, and Balboa Park.
The home has been well-maintained by a long-term owner and features newer flooring and updated bathrooms, offering a move-in-ready experience despite its historic charm.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
With only 880 square feet of living area for a three-bedroom configuration, the interior layout may feel cramped for families or those accustomed to modern, open-concept proportions.
Built in 1926, the property may possess aging underlying systems such as plumbing or electrical that could require future capital investment compared to newer constructions.
Very nice home in a convenient neighborhood. The long-time owner has kept the home well-maintained. Floorplan has 3 bdrms, 2 baths, and a den off the kitchen. There is newer flooring throughout, and newer bathrooms. The lot is large and offers the potential to build an ADU for multi-generational families. Zoned RM-1-1 for a larger project scope for a developer. Easy access to the 5 freeway, State Route 15, and 32nd Street Naval Base. The ocean and bay are nearby, and the house is close to downtown San Diego, South Park, Balboa Park and Coronado.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 0.3 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 880 | 1,109 | 22% |
| Lot Size | 5,412 | 5,088.5 | 64% |
| Price | $665.0K | $711.5K | 36% |
| Price per sq ft | $756 | $592 | 83% |
| Built year | 1926 | 1958 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 129 | 8% |
May 9, 2026
$665,000
Initial Listing