819 Law Street, San Diego, California 92109, San Diego, 92109 - 3 bed, 2 bath
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San Diego, California 92109
This Prime Coastal Development Asset is listed at $2,975,000, reflecting the elite land value of this North Pacific Beach location relative to the $2,554,592 Fair Market Value. With a Condition Rating of 5, the value is concentrated in the R-2 Zoning and 6,300 sqft lot, situated just one block from the ocean. The site supports two buildable lots with ADU potential, mirroring recent high-value coastal teardowns. Access to 10/10 rated Bird Rock Elementary and 8/10 rated La Jolla High ensures permanent residential demand. This is an elite acquisition for Luxury Developers or Visionary Investors.
Property is extensive renovation needed.
Built in 1951, this property is marketed primarily as a developer's opportunity or teardown. The kitchen is severely outdated with 1950s-style green cabinetry, tiled countertops with wide grout lines, and older white appliances. The interior features aged carpeting, basic ceiling fans, and a utility/garage area with exposed framing and dated systems. While currently habitable, the structure requires substantial rehabilitation or replacement to meet modern standards, and the listing price reflects land value for potential redevelopment into multiple units.
Elementary School: Bird Rock Elementary School (10/10).
Situated just one block from the Pacific Ocean and Law Street Park, this property offers an elite North Pacific Beach lifestyle with immediate access to world-class surfing at Tourmaline Surf Park.
The R-2 zoning on a 6,300 sqft lot provides a rare opportunity to develop two separate homes plus ADUs, offering massive potential for investors to maximize their return on investment.
At nearly $3 million for a modest 1,168 sqft home, the list price reflects land value almost exclusively, which may deter traditional buyers not looking for a major development project.
The original 1951 structure likely requires significant modernization or a complete teardown to reach the property's highest and best use, adding substantial cost to the initial investment.
GREAT North Pacific Beach location! 2 buildable lots or 1 full sized lot, just 1 block to the Ocean and Law Street Park. Short distance to Tourmaline Surf Park. It's R-2 zoning make this a great developer's opportunity or spacious location for your custom home. Nice Upside potential for the Developer to put 2 homes (+ADUs on this property).
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 1,168 | 1,909 | 23% |
| Lot Size | 6,300 | 4,998 | 63% |
| Price | $2.98M | $2.27M | 77% |
| Price per sq ft | $2.5K | $1.2K | 99% |
| Built year | 1951 | 1969 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 154 | 9% |
Apr 9, 2026
$2,975,000
Initial Listing
Apr 9, 2021
$1,300,000
Public Record