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743 S 61st Street, San Diego, California 92114, San Diego, 92114 - 4 bed, 3 bath

743 S 61st Street, San Diego, California 92114 home-pic-0
ACTIVE$13,000,000
743 S 61st Street, San Diego, California 92114
4Beds
3Baths
4,310Sqft
5.35Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Development Potential: Explicitly marketed as a 'Panoramic San Diego Development Opportunity' across 9.46 acres, offering 'unmatched development scale' and 'prime development potential' for visionary projects.
Top Cons:
Substantial Capital Investment Required: The $13,000,000 list price, coupled with the inherent costs of large-scale development (demolition, infrastructure, construction), necessitates a very significant capital outlay, limiting the buyer pool.

Compared to the nearby listings

Price:$13.00M vs avg $765.0K (+$12,235,000)99%
Size:4,310 sqft vs avg 1,475 sqft99%
Price/sqft:$3.0K vs avg $53199%

More Insights

Built in 1963 (62 years old).
Condition: The property was built in 1963, making it over 60 years old. While the exterior appears well-maintained, the interior, particularly the kitchen, shows signs of updates that are likely 15-30 years old. The kitchen features traditional wood cabinets, speckled granite countertops, and large square tile flooring, which are functional but dated in style. Hardwood floors are present in other living areas. No bathroom images were provided, but based on the kitchen's condition, they are likely similarly outdated. The home is aged but maintained, requiring minor cosmetic updates to meet current aesthetic standards. The listing description emphasizes the property's development potential, suggesting the existing structure is secondary to the land value.
Year Built
1963
Close
-
List price
$13M
Original List price
$13M
Price/Sqft
$3,016
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2506677
Home ConditionFair
Features
Excellent View: Bay, City Lights, Coastline, Desert, Hills, Mountain(s), Neighborhood, Ocean, Panoramic
Deck
ViewBay,City Lights,Coastline,Desert,Hills,Mountain(s),Neighborhood,Ocean,Panoramic

About this home

Panoramic San Diego Development Opportunity 9.46 acres across 2 parcels – unmatched development scale Panoramic views – ocean, mountains, Coronado, La Jolla, Mexico Opportunity Zone – tax incentives for investors SB-79 eligible – potential for increased density Flexible development options – open to joint ventures or partnerships Prime location – minutes to freeways, schools, shopping, and Downtown Opportunities like this are rare. With its scale, location, and panoramic views, this property is a true canvas for visionary developers ready to make an impact in one of California’s most desirable markets. 2 lots - side by side, APN: 549-532-33-00 MLS#PTP2506677 & APN: 669-320-08-00 MLS# PTP2506679 - Unmatched 360° views – ocean, mountains, Coronado, Mexico, La Jolla - Prime development potential - Minutes to major freeways, shopping, and schools - Only 15 minutes from Downtown San Diego Opportunities like this are rare. This property offers the scale, location, and views to create something truly remarkable in one of California’s most desirable markets. An exceptional development opportunity awaits! This 9.46-acre property, spread across two parcels, sits high above San Diego, offering breathtaking 360° views from the Pacific Ocean to the mountains, La Jolla, Coronado, and even the lights of Mexico.

Nearby schools

8/10
Nye Elementary School
Public,•K-5•0.3mi
4/10
Bell Middle School
Public,•6-8•1.8mi
4/10
Lincoln High School
Public,•9-12•1.6mi
Condition Rating
Fair
The property was built in 1963, making it over 60 years old. While the exterior appears well-maintained, the interior, particularly the kitchen, shows signs of updates that are likely 15-30 years old. The kitchen features traditional wood cabinets, speckled granite countertops, and large square tile flooring, which are functional but dated in style. Hardwood floors are present in other living areas. No bathroom images were provided, but based on the kitchen's condition, they are likely similarly outdated. The home is aged but maintained, requiring minor cosmetic updates to meet current aesthetic standards. The listing description emphasizes the property's development potential, suggesting the existing structure is secondary to the land value.
Pros & Cons

Pros

Exceptional Development Potential: Explicitly marketed as a 'Panoramic San Diego Development Opportunity' across 9.46 acres, offering 'unmatched development scale' and 'prime development potential' for visionary projects.
Unrivaled Panoramic Views: Boasts 'breathtaking 360° views' including the Pacific Ocean, mountains, Coronado, La Jolla, and Mexico, which significantly enhances the value and appeal of any future development.
Strategic Location & Accessibility: Positioned in a 'Prime location' with 'minutes to major freeways, shopping, and schools,' and 'Only 15 minutes from Downtown San Diego,' ensuring convenience and desirability for future residents or commercial ventures.
Significant Acreage (9.46 Acres): Comprising '9.46 acres across 2 parcels,' this substantial land size provides ample space for large-scale, impactful development, a rare find in San Diego.
Favorable Investment Incentives: Located within an 'Opportunity Zone' offering 'tax incentives for investors' and 'SB-79 eligible' for 'potential for increased density,' providing significant financial and regulatory advantages for developers.

Cons

Substantial Capital Investment Required: The $13,000,000 list price, coupled with the inherent costs of large-scale development (demolition, infrastructure, construction), necessitates a very significant capital outlay, limiting the buyer pool.
Inherent Development Complexity: Large-scale projects of this nature involve considerable planning, regulatory approvals, environmental assessments, and potential unforeseen challenges, requiring specialized expertise and patience.
Existing Structure & Demolition Costs: The presence of a 1963-built 4,310 sqft single-family residence implies potential demolition costs and time, as the property is primarily pitched as a development site rather than a ready-to-use existing home.

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