1603 Felton Street, San Diego, California 92102, San Diego, 92102 - 3 bed, 2 bath

1603 Felton Street, San Diego, California 92102 home-pic-0
ACTIVE$1,450,000
1603 Felton Street, San Diego, California 92102
3Beds
2Baths
1,351Sqft
5,504Lot
Year Built
1935
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$1,073
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2508983
Home ConditionGood
Features
Good View: Canyon, Hills
Deck
Patio
ViewCanyon, Hills

About this home

Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.45M(88th), sqft - 1351(59th), beds - 3(50th), baths - 2(50th).

This true, South Park gem offers so many opportunities---live in 1 house and enjoy income from the other OR combine the use as a 3 bedroom, 2 bathroom perfect for other family members or as your home office. The 2 bedroom/1 bath home sits on the corner and has had many upgrades while still attentive to preserving lots of the original character. The yard and patios connect the 2 buildings but a fence could be added in the middle to divide the usage if so desired. The other home is a 1 bedroom/1 bath and is accessible from the shared yard or by way of its own driveway on Cedar St. The property sits in such a peaceful location across from a canyon but still walking distance to all the South Park fun---cafes, shops, parks and restaurants. Whether you're an investor, multi-generational household, or simply someone looking for a special property with flexibility and soul, this is a rare opportunity in one of San Diego’s most walkable, welcoming communities.

Price History

Date
Event
Price
12/05/25
Listing
$1,450,000
Condition Rating
Good

Built in 1935, this property has undergone significant and tasteful renovations, particularly in the kitchen and bathrooms, which appear modern and in excellent condition. The kitchen features contemporary dark blue shaker cabinets, white countertops, stainless steel appliances, and a professional-style range. The bathroom boasts a modern vanity, subway tile shower surround, and updated fixtures. While the visible areas are move-in ready and well-maintained, the property's age (1935) suggests that some underlying systems may still be older, as hinted in the property analysis, preventing an 'Excellent' rating. However, the extensive and high-quality updates make it a 'Good' condition property.
Pros & Cons

Pros

Income Potential & Flexible Use: The property offers significant versatility, allowing for owner-occupancy with rental income from the second unit, multi-generational living, or a dedicated home office, catering to diverse buyer needs.
Prime South Park Location & Walkability: Situated in a desirable 'South Park gem' neighborhood, the property boasts excellent walkability to local cafes, shops, parks, and restaurants, enhancing lifestyle and property value.
Dual Dwelling Configuration: Comprising two separate homes (a 2-bedroom/1-bath and a 1-bedroom/1-bath), this rare setup provides unique opportunities for rental income, guest accommodation, or independent living arrangements.
Canyon Views & Peaceful Setting: Enjoying a peaceful location across from a canyon with views of hills, the property offers a serene environment, a valuable amenity in an urban setting.
Historic Charm with Upgrades: The 2-bedroom unit has undergone upgrades while carefully preserving its original character, offering a blend of modern comfort and desirable historic appeal.

Cons

Age of Property & Potential System Updates: Built in 1935, the property's age suggests potential for higher maintenance costs and the likelihood of outdated systems (e.g., plumbing, electrical, HVAC) that may require future investment, despite some mentioned upgrades.
Shared Outdoor Space & Division Costs: The current shared yard and patio, while flexible, would require additional cost and effort to install a fence if a buyer desires complete separation and privacy between the two units.
Limited Individual Unit Sizes: With a total of 1351 sqft across two units (2-bed/1-bath and 1-bed/1-bath), the individual living spaces may be considered compact, potentially limiting appeal for buyers seeking more expansive rooms or larger family accommodation.

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