
San Diego, California 92123
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well below the $897,224 Fair Market Value (Note: Market parity). While the home carries a Condition Rating of 5, the 1,635 sqft floor plan and 5,900 sqft lot offer significant upside for forced appreciation through modernization. The flexible layout supports multigenerational configurations, making this a strategic asset for Buy-and-Hold Investors or Contractors seeking a central San Diego project with substantial renovation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9290 Fermi Avenue Subject 4 bd · 3 ba · 1,635 sqft · $549 | $899,000* List Price | 4 | 3 | 1,635 | $549 | - |
A 9430 Fermi Avenue Sold 3 bd · 2 ba · 1,200 sqft · $675 · 0.2 mi | $810,000 | 3 | 2 | 1,200 | $675 | 0.2 mi |
B 2991 Mobley Street Sold 4 bd · 2 ba · 1,790 sqft · $525 · 0.5 mi | $940,000 | 4 | 2 | 1,790 | $525 | 0.5 mi |
C 3141 Admiral Ave Sold 3 bd · 2 ba · 1,300 sqft · $658 · 0.1 mi | $855,000 | 3 | 2 | 1,300 | $658 | 0.1 mi |
D 9639 Stonecrest Blvd Sold 3 bd · 3 ba · 1,579 sqft · $532 · 0.6 mi | $840,000 | 3 | 3 | 1,579 | $532 | 0.6 mi |
E 2564 Marathon Dr Sold 3 bd · 2 ba · 1,200 sqft · $667 · 0.7 mi | $800,000 | 3 | 2 | 1,200 | $667 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1958 (66+ years old) and explicitly marketed as a 'fixer' requiring a 'major transformation,' this property fits the poor criteria. The listing notes the need to modernize the kitchen and bathrooms and bring a contractor for a full renovation, while the exterior shows significant deferred maintenance and aged systems.
Situated in the highly desirable 92123 ZIP code, this property offers unparalleled access to major San Diego freeways, premier medical centers, and key business hubs.
The single-level 4-bedroom, 3-bathroom layout includes an oversized primary suite, providing rare flexibility for multigenerational living or a dual-suite configuration.
As a true fixer on a generous 5,900 sqft lot, the property presents a substantial value-add opportunity for investors or buyers looking to customize a home and build immediate equity.
The home is in 'fixer' condition, requiring a significant additional capital investment for structural updates, modernization, and cosmetic repairs before it is move-in ready.
Built in 1958, the property likely features original systems and finishes that may necessitate costly upgrades to electrical, plumbing, and HVAC to meet modern standards.
Investors and home buyers alike, San Diego opportunity with space, flexibility, and a large lot in a highly central 92123 location. This is a single-story 4-bedroom, 3-bath home offering a spacious floor plan, oversized primary suite, and significant potential for renovation, redesign, or multigenerational living. This property is a fixer and an excellent opportunity for buyers, investors, or renovators searching for a home they can fully customize. The one-level layout offers multiple living areas, generously sized bedrooms, and a large primary bedroom with two en-suite spaces, creating potential for a private retreat, guest accommodations, dual-suite configuration, or multigenerational setup. The home's existing footprint provides plenty of room to rethink the interior, open up the living spaces, modernize the kitchen and bathrooms, and create a stronger indoor-outdoor connection. The large lot adds even more potential for outdoor living, entertaining areas, expanded landscaping, and additional improvements subject to City approval. Centrally located in San Diego's 92123 ZIP code, this property offers convenient access to major freeways, shopping, dining, business centers, hospitals, and surrounding San Diego neighborhoods. Its central location makes it especially appealing for buyers looking for easy access throughout the city. With four bedrooms, three bathrooms, single-level living, a large lot, and a flexible floor plan, 9290 Ferry Avenue offers the foundation for a major transformation. Bring your contractor and your vision, this is a true San Diego fixer with the space, location, and upside to create something special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.2 |
| Baths | 3.0 | 2.2 |
| Square foot | 1,635 | 1,752.269 |
| Lot Size | 5,900 | 6,446.159 |
| Price | $899.0K | $1.27M |
| Price per sq ft | $550 | $736 |
| Built year | 1958 | 1971 |
| HOA | $0 | $186 |
| Days on market | 24 | 41 |
Oct 1, 2026
$899,000
Initial Listing