218 Elvado Way, San Diego, California 92114, San Diego, - bed, bath

home-pic
ACTIVE$725,000
218 Elvado Way, San Diego, California 92114
3Beds
2Baths
1,631Sqft
6,600Lot
Year Built
1961
Close
-
List price
$725K
Original List price
$725K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
250040209SD
Home ConditionPoor
Features
Good View: None
Patio
ViewNone

About this home

Come one, come all!! Bring your dreams to life. Discover this charming 3-bedroom, 2-bathroom home, a perfect canvas for first-time buyers, investors, and FHA/VA-approved borrowers to create their dream living space. This spacious property offers ample room for the entire family and has potential for additional income with the converted garage, which is ideal for an ADU or rental unit. Enjoy breathtaking city views from the backyard and plenty of space for parking an RV or other toys. This home is a diamond in the rough, offering endless possibilities to personalize and make it your own. Key Features: 3 bedrooms, 2 bathrooms Converted garage for ADU or rental income Stunning city views Ample parking for RV or toys FHA/VA-approved financing options available Ideal for first-time buyers and investors Don't miss out on this incredible opportunity to own a home with endless potential. Schedule a viewing today! Additional Selling Points: First-time buyers: This home offers a fantastic opportunity to enter the housing market and build equity. With enough space for the entire family, it's the perfect place to start your new life. Investors: The converted garage provides an excellent opportunity for additional rental income, making this a smart investment with great potential for returns. FHA/VA-approved borrowers: This home is eligible for FHA and VA financing, making it easier for qualified buyers to achieve their dream of homeownership. Room for personalization: This home offers plenty of space to customize and make it your own. Come and get your keys.

Nearby schools

5/10
Encanto Elementary School
Public,K-50.8mi
4/10
Boone Elementary School
Public,K-51.1mi
6/10
Freese Elementary School
Public,K-51.2mi
4/10
Fulton K-8
Public,K-80.3mi
4/10
Audubon K-8
Public,K-81.1mi
7/10
Bethune K-8
Public,K-81.1mi
4/10
Bell Middle School
Public,6-81.4mi
6/10
Morse High School
Public,9-120.3mi
4/10
Lincoln High School
Public,9-122.5mi

Price History

Date
Event
Price
09/29/25
Listing
$725,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (143 Listings)
Beds33
50%
Baths22
50%
Square foot1,6311,417
72%
Lot Size6,6008,187
35%
Price$725K$763K
35%
Price per square foot$445$528.5
17%
Built year19619815982
45%
HOA
Days on market37154
1%
Condition Rating
Poor

Built in 1961, this property is explicitly described as a 'diamond in the rough' and a 'canvas,' indicating a need for substantial renovation. The provided images confirm this with extremely dated features such as high-pile shag carpeting on a raised platform, a 1970s/80s-style tiled accent wall, and an older ceiling fan. The exterior also shows signs of age and deferred maintenance. Crucially, there are no images of the kitchen or bathrooms, strongly suggesting these critical areas are in very poor, outdated condition and would require complete modernization. While some newer LVP flooring is visible, it does not compensate for the overall need for significant updates to bring the property to current standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Income Potential: The property features a converted garage with clear potential for an Accessory Dwelling Unit (ADU) or rental unit, offering a significant opportunity for additional income.
Broad Buyer Appeal: Explicitly marketed for first-time buyers, investors, and FHA/VA-approved borrowers, indicating a wide market suitability and flexible financing options.
Ample Parking & Storage: Offers plenty of space for parking an RV or other recreational vehicles/toys, a valuable asset for many homeowners.
City Views: Enjoy breathtaking city views from the backyard, enhancing the property's aesthetic appeal and potential for outdoor living.
Opportunity for Personalization & Equity: Described as a 'perfect canvas' and 'diamond in the rough,' providing buyers with the chance to customize and add significant value through renovations.

Cons

Requires Renovation/Updates: The property is presented as a 'diamond in the rough' and a 'canvas for personalization,' indicating it will likely require significant investment in renovations and updates to reach its full potential.
Age of Property: Built in 1961, the home may have older systems (plumbing, electrical, HVAC) and finishes that could require modernization or replacement in the near future.
Unspecified Converted Garage Status: While offering income potential, the description does not detail the legality, permitting, or current condition/finishes of the 'converted garage,' which may require further investment or compliance work to be a fully functional and legal ADU/rental.

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