914 16th St, San Diego, California 92154, San Diego, 92154 - 3 bed, 2 bath
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San Diego, California 92154
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $819,000—positioned well above the $728,451 Fair Market Value. While the price exceeds current estimates, the property offers a unique VA Assumable Loan at 4.375% and a converted garage studio providing immediate rental income. With a Condition Rating of 4, the home is functional but requires cosmetic updates. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage low-interest financing to offset mortgage costs in a quiet San Diego neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 914 16th St Subject | $819,000* List Price | 3 | 2 | 1,200 | $607 | - |
A 1638 Elder Avenue Sold | $653,000 | 3 | 2 | 1,319 | $495 | 0.1 mi |
B 1441 Green Bay Street Sold | $800,000 | 3 | 2 | 1,200 | $667 | 1.0 mi |
C 1653 Sombrero Way Sold | $775,000 | 3 | 2 | 1,535 | $505 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, the property is functional but dated. While it features newer stainless steel appliances and a garage conversion, the main kitchen has older tile countertops and the hardwood flooring shows significant wear and staining in several rooms. The home is move-in ready but requires cosmetic updates and likely system evaluations due to its age.
The property features a VA assumable loan at a 4.375% interest rate, offering buyers a significant financial advantage and lower monthly payments compared to current market rates.
A converted garage studio with an existing tenant provides a turnkey opportunity to generate rental income and offset mortgage costs from day one.
The large backyard is a standout feature, complete with mature trees, a lush lawn, and a functional sprinkler system, offering rare private outdoor space for the neighborhood.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 1118.
The local elementary, middle, and high schools carry low ratings (2, 3, and 4 respectively), which may be a deterrent for families prioritizing high-performing school districts.
Because the garage has been converted into a living studio, the property lacks traditional covered parking and enclosed storage, which may impact buyers with multiple vehicles or equipment.
Converted garage studio with a tenant already in place to help offset mortgage payments. This property features 3 bedrooms and 2 bathrooms, a large backyard, located on a quiet block of 16th Street, adjacent to Elm Avenue and west of HWY 5. Beautiful natural light & large backyard with mature trees, grass and sprinkler system.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 0.4 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,200 | 1,656 | 19% |
| Lot Size | - | 5,227.2 | 21% |
| Price | $819.0K | $812.5K | 52% |
| Price per sq ft | $682 | $491 | 95% |
| Built year | 1958 | 1975 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 144 | 3% |
May 23, 2026
$819,000
Initial Listing
May 11, 2022
$775,000
Public Record
Mar 2, 2022
$721,000
Public Record
Aug 8, 2018
$490,000
Public Record
Dec 6, 2013
$327,000
Public Record