
San Diego, California 92114
This Strategic Value-Add Asset is listed at $650,000, featuring an oversized 18,200 Sqft Flat Lot with a City Lights View. Currently in Fixer-Upper Condition, the property sits near its $612,462 Fair Market Value, yet offers immense upside through redevelopment. The adjacent construction of a 32-unit complex signals a high-density trajectory for this Encanto location. With proximity to Audubon K-8 and Morse High School, this site is a premier acquisition for Fix-and-Flip Investors or Developers targeting long-term equity growth through ADUs or multi-unit conversion.
Property is extensive renovation needed.
Built in 1954, this property is explicitly marketed as a 'true fixer-upper' requiring a complete interior overhaul. The listing details and images indicate that the kitchen, bathrooms, flooring, and major systems are likely original or severely outdated, necessitating substantial rehabilitation and repair to be considered move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18200, living area = 893.
The property features an expansive 18,200 sqft flat lot with clear indicators for higher-density use or ADU expansion, especially given the 32-unit multifamily project currently under construction on the adjacent lot.
Situated in the evolving Encanto neighborhood, the property offers a prime value-add opportunity in an area seeing steady development, complemented by city light views and excellent access to transit and freeways.
The home is in 'fixer' condition and requires a complete interior overhaul, which demands substantial upfront capital and may limit financing options to cash or specialized construction loans.
At only 893 square feet for a three-bedroom layout, the existing structure is notably small by modern standards, likely necessitating an addition or reconfiguration to maximize its market appeal.
Located in the Encanto neighborhood of Southeastern San Diego, this property presents a rare value-add opportunity in an area experiencing steady growth and increased development activity. Situated on a large, flat lot, the single-family home offers significant upside potential for investors, builders, or buyers looking to create long-term value. The home is a true fixer-upper and requires interior renovation, making it ideal for a full remodel and resale, a long-term rental hold with improvements, or expansion through the addition of ADUs (buyer to verify with the City of San Diego). Notably, a 32-unit multifamily complex is currently under construction on the adjacent lot, which is nearly identical in size—highlighting the development trajectory of this pocket and the potential for higher-density use (buyer to verify zoning and development possibilities). With its oversized lot, clear redevelopment indicators next door, and convenient access to freeways, schools, and public transit, this property presents a strategic acquisition opportunity in one of San Diego’s evolving corridors. Buyers are encouraged to conduct their own due diligence regarding zoning, density allowances, and future development options.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades PK-6 • 0.7 mi
Grades K-6 • 0.8 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 | 893 | 1,400 | 5% |
| Lot Size | 18,200 | 6,200 | 95% |
| Price | $690.0K | $762.0K | 22% |
| Price per sq ft | $773 | $531 | 95% |
| Built year | 1954 | 1962 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 155 | 11% |
Mar 27, 2026
$690,000
$670,000
+3% Price Increase
Initial Listing
Mar 11, 2026
$670,000
$650,000
+3% Price Increase
Initial Listing
Feb 26, 2026
$650,000
Initial Listing