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984 Thermal, San Diego, California 92154, San Diego, 92154 - 4 bed, 2 bath

984 Thermal, San Diego, California 92154 home-pic-0
ACTIVE$599,900
984 Thermal, San Diego, California 92154
4Beds
2Baths
1,281Sqft
6,747Lot
Year Built
1953
Close
-
List price
$600K
Original List price
$680K
Price/Sqft
$468
HOA
-
Days on market
-
Sold On
-
MLS number
OC25261670
Home ConditionPoor
Features
Patio
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 4 Cons,5 Pros. Rank: price - $599.9K(3th), sqft - 1281(26th), beds - 4(50th), baths - 2(50th).

Unlock the potential of 984 Thermal Ave, a prime value-add opportunity for investors seeking a project with strong upside. This property offers a generous lot, flexible layout options, and plenty of room to reimagine, expand, or reposition for maximum return. Whether you're looking to renovate for resale, create a long-term rental, or explore development possibilities, this home provides a solid platform for your investment strategy. With high demand in the area and multiple exit opportunities, 984 Thermal Ave is an ideal choice for investors ready to capitalize on a property with significant growth potential. Cash or hard money only.

Nearby schools

3/10
Teofilo Mendoza School
Public,•K-6•0.5mi
2/10
Central Elementary School
Public,•K-6•0.5mi
3/10
Mar Vista Academy
Public,•7-8•0.3mi
4/10
Mar Vista Senior High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
12/12/25
Price Change
$599,900-7.1%
11/26/25
Price Change
$645,900-5.0%
11/17/25
Listing
$679,900
02/21/13
Sold
$270,000
Condition Rating
Poor
This property, built in 1953, is explicitly marketed as a 'value-add opportunity' requiring 'extensive renovation.' The description's 'cash or hard money only' requirement further indicates significant condition issues. Images reveal a very dated bathroom with old tiles, a basic vanity, and fixtures. The general interior shows worn walls, outdated light fixtures, and a mix of old carpet and basic laminate flooring. The exterior is unkempt with cracked concrete and worn stucco. There's no evidence of major renovations within the last 30-50 years, and the property clearly requires substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Investment Opportunity: Explicitly marketed as a prime value-add opportunity with strong upside and multiple exit strategies for investors.
Generous Lot Size: Features a substantial 6,747 sqft lot, offering significant potential for expansion, landscaping, or future development.
High-Demand Market: Located in San Diego, a desirable and high-demand real estate market, supporting long-term appreciation.
Flexible Renovation Potential: The property's layout and 'value-add' nature suggest flexibility for reimagining and customizing to maximize return.
Functional Bedroom Count: Offers 4 bedrooms, providing ample space for families or various rental configurations.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6747, other record lot size in square feet = 6856.
Limited Financing Options: Requires cash or hard money, significantly restricting the pool of potential buyers and indicating potential condition issues.
Extensive Renovation Required: Described as a 'value-add opportunity,' implying the property is not move-in ready and will require substantial investment for renovation and upgrades.
Market Resistance/Price History: Multiple price reductions from the original listing suggest market resistance or initial overpricing, potentially indicating a longer sales cycle.

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