8975 Gramercy Drive, San Diego, California 92123, San Diego, 92123 - 5 bed, 3 bath
8975 Gramercy Drive
San Diego, California 92123
Property Price
SUMMARY
Analysis of 8975 Gramercy Drive, San Diego, California 92123 reveals a Fairly Priced Property with a current list price of $1,249,999 aligned with the estimated $1,251,307 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8975 Gramercy Drive Subject | $1,249,999* List Price | 5 | 3 | 1,890 | $662 | - |
A 2910 Amulet Street Sold | $1,115,000 | 3 | 2 | 1,465 | $761 | 0.5 mi |
B 3280 Towser St Sold | $1,025,000 | 3 | 2 | 1,600 | $641 | 0.2 mi |
C 3425 Angwin Dr Sold | $1,125,000 | 4 | 2 | 1,524 | $738 | 0.5 mi |
D 9192 Fermi Avenue Sold | $1,015,000 | 3 | 2 | 1,428 | $711 | 0.4 mi |
E 8805 Larkdale Avenue Sold | $1,350,000 | 6 | 3 | 2,510 | $538 | 0.3 mi |
F 3457 Angwin Drive Active | $1,099,999 List Price | 5 | 2 | 1,612 | $682 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 1958 home has undergone an extensive, high-end renovation within the last year, effectively bringing it to like-new condition. The property features a modern open-concept kitchen with premium cabinetry and stainless steel appliances, fully remodeled bathrooms with contemporary tile work, and updated systems including new HVAC, new plumbing, and paid-off solar panels. The interior is finished with consistent modern flooring, recessed lighting, and a turnkey aesthetic throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Multigenerational Living & Income Potential
The property includes a fully functional 1-bedroom mother-in-law suite, providing a rare opportunity for rental income, guest accommodations, or multigenerational living in a central San Diego location.
- Energy Efficiency & Infrastructure Upgrades
Equipped with paid-off solar panels, new plumbing, and a new HVAC system, this home offers significant long-term cost savings and peace of mind regarding major mechanical components.
- Modern Turnkey Renovation
The interior has been comprehensively updated with an open-concept layout, contemporary finishes, and a dedicated office space, ensuring a move-in-ready experience for the buyer.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5662, other record lot size in square feet = 5500. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Recently Sold Property
The property was recently sold within the past year on 2025-11-13. The sold price is $825,000.00. The property was recently sold within the past year on 2025-11-13. The sold price is $800,000.00.
- Limited Outdoor Space
With a lot size of approximately 5,663 square feet, the yard space may feel constrained when shared between the main residence and the additional living suite.
About 8975 Gramercy Drive
Welcome to this beautifully renovated corner-lot home in the heart of Serra Mesa! This versatile property features 3 bedrooms, 2 bathrooms, plus a dedicated office space in the main home, along with a fully functional 1-bedroom mother-in-law suite, perfect for multigenerational living, guests, or potential rental income. Designed with modern living in mind, the open-concept layout is filled with natural light and anchored by a cozy wood-burning fireplace. The fully updated interior includes new plumbing, new HVAC, and thoughtful finishes throughout. Energy efficiency meets long-term savings with paid-off solar. Situated on a desirable corner lot in a centrally located San Diego neighborhood, this turnkey property offers flexibility, style, and functionality all in one. A rare Serra Mesa opportunity you don’t want to miss!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 5,662.8 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 96% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 1,890 | 1,486.5 | 85% |
| Lot Size | 5,662.8 | 6,000 | 35% |
| Price | $1.25M | $1.03M | 90% |
| Price per sq ft | $661 | $673 | 46% |
| Built year | 1958 | 1960 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 170 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,249,999
Initial Listing
Sold
Nov 13, 2025
$825,000
Public Record
Sold
Nov 13, 2025
$800,000
Public Record
Sold
May 29, 2009
$280,000
Public Record
Sold
Nov 30, 2001
$269,000
Public Record