827 Rosecrans St, San Diego, California 92106, San Diego, 92106 - 4 bed, 4 bath
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San Diego, California 92106
Analysis of 827 Rosecrans St, San Diego, California 92106 is currently available with a list price of $5,499,900. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1951 (>50 years old) with no mentioned renovations. While described as livable, the property is marketed as a shovel-ready development site with approved plans for a new 6,033 sq ft home, indicating the primary value is in the land.
The property is a rare 'shovel-ready' opportunity with approved plans and Coastal Commission clearance already secured, bypassing years of typical coastal development delays and red tape.
The lot is perfectly oriented to capture sweeping, unobstructed views of the Pacific Ocean, San Diego Harbor, Coronado Bridge, and the downtown skyline, significantly elevating its long-term value.
Nestled in the prestigious La Playa neighborhood, the property features dual street access and a coveted private easement directly to the waterfront Bessemer Path.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9769, other record lot size in square feet = 7378. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The $5.5M list price represents a high entry cost for a development site, requiring a buyer with significant additional liquidity to fund the construction of the 6,033 sq ft luxury residence.
Despite being ready to build, the transition from the 1951 original home to a modern masterpiece involves a complex, multi-level construction project that requires substantial time and oversight.
A rare opportunity to own one of San Diego Bay's premier view properties and unlock exceptional equity potential. Located in Point Loma's prestigious La Playa neighborhood, between the world-renowned San Diego Yacht Club and Southwestern Yacht Club, this 9,700+ sq. ft. gently sloping lot is surrounded by luxury estates. Build your dream estate without years of coastal permitting delays. This shovel-ready opportunity includes approved plans in the final submission phase and Coastal Commission clearance already secured. The proposed 6,033 sq. ft. residence features 5 bedrooms (plus optional 6th), 5.5 baths, an elevator, 4-car tandem carport, and 2,086 sq. ft. of view decks designed to maximize breathtaking panoramas of San Diego Bay, the downtown skyline, passing yachts, sparkling city lights, and the city's iconic fireworks. The property offers dual access from Rosecrans Street and San Antonio Place (via private easement), mature fruit trees, and a coveted private easement to the historic waterfront Bessemer Path. Enjoy easy access to Kellogg Beach, Shelter Island, marinas, and the best of Point Loma's waterfront lifestyle. Not ready to build? The existing 4-bedroom home is comfortable and move-in ready, allowing you to enjoy the spectacular views while planning your future masterpiece. This is a rare chance to create a world-class estate in one of San Diego's most exclusive bayside neighborhoods. *This sale includes the existing property plus approved plans for a 6033 sqft residence that are in the final submission phase with the City of San Diego.*
No exterior & parking available.
Grades K-4 • 0.3 mi
Grades 5-6 • 1.1 mi
Grades 7-8 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,529 | 1,777 |
| Lot Size | 9,769 | 6,600 |
| Price | $5.50M | $1.24M |
| Price per sq ft | $1.6K | $743 |
| Built year | 1951 | 1972 |
| HOA | $0 | $200 |
| Days on market | 21 | 39 |
Jul 1, 2026
$5,499,900
Initial Listing
Dec 4, 2024
$3,350,000
Public Record