3043 Market Street, San Diego, California 92102, San Diego, - bed, bath
ACTIVE$1,250,000
3043 Market Street, San Diego, California 92102
0Bed
0Bath
Sqft
Lot
Year Built
1935
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
250037973SD
Home ConditionTear down
Features
Good View:
View-
About this home
Prime Redevelopment Opportunity in the Heart of San Diego! Offering a rare chance to build new in a rapidly developing area just minutes from Downtown San Diego, Balboa Park, the Zoo, and Balboa Golf Course. The existing structure is in tear-down condition, making this the perfect site for your vision. Highlights: Zoning and neighborhood trends support multi-unit or mixed-use development — just a block away, a modern 4-story apartment building was recently completed. Central Location with easy access to freeways, public transit, and all of San Diego’s top attractions. Minutes from Downtown, Gaslamp, East Village, and Golden Hill. Proximity to employment hubs, universities, and recreation, ensuring strong rental demand for future units. This is more than just a property — it’s an opportunity to create value in one of San Diego’s most connected neighborhoods. Whether you’re an investor or developer, 3043 Market St is a blank canvas with unlimited potential.
Nearby schools
3/10
Kimbrough Elementary School
Public,•K-5•0.3mi
5/10
Sherman Elementary School
Public,•K-5•0.9mi
3/10
Burbank Elementary School
Public,•K-5•0.9mi
4/10
Rodriguez Elementary School
Public,•K-5•1.0mi
7/10
Rowan Elementary School
Public,•K-5•1.3mi
3/10
Emerson/Bandini Elementary School
Public,•K-6•1.3mi
4/10
Baker Elementary School
Public,•K-5•1.5mi
7/10
Chollas/Mead Elementary School
Public,•K-5•1.8mi
3/10
Chavez Elementary School
Public,•K-5•1.8mi
5/10
Balboa Elementary School
Public,•K-5•2.1mi
3/10
Porter Elementary School
Public,•K-6•2.4mi
4/10
Rancho de la Nacion School
Public,•K-6•2.8mi
4/10
El Toyon Elementary School
Public,•K-6•2.8mi
5/10
Central Elementary School
Public,•K-6•2.9mi
4/10
Golden Hill K-8
Public,•K-8•0.6mi
4/10
Logan K-8
Public,•K-8•0.7mi
3/10
Memorial Scholars & Athletes School
Public,•6-8•1.0mi
3/10
Perkins Elementary School
Public,•K-8•1.4mi
5/10
Roosevelt International Middle School
Public,•6-8•2.3mi
2/10
Knox Middle
Public,•6-8•2.5mi
3/10
Clark Middle School
Public,•6-8•2.6mi
4/10
National City Middle School
Public,•7-8•3.4mi
4/10
Granger Junior High School
Public,•7-9•4.2mi
4/10
Lincoln High School
Public,•9-12•2.2mi
5/10
Hoover High School
Public,•9-12•3.5mi
4/10
Crawford High School
Public,•9-12•4.1mi
5/10
Sweetwater High School
Public,•9-12•4.2mi
Price History
Date
Event
Price
09/03/25
Listing
$1,250,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (53 Listings) | |
|---|---|---|---|
| Beds | 0 | 3 | |
| Baths | 0 | 2 | |
| Square foot | 0 | 1,284 | |
| Lot Size | 0 | 6,156 | |
| Price | $1.25M | $888K | 78% |
| Price per square foot | $0 | $723.5 | |
| Built year | 1935 | 9755976 | 33% |
| HOA | |||
| Days on market | 63 | 137 | 9% |
Condition Rating
Tear down
The property was built in 1935, making it over 50 years old. The listing description explicitly states, 'The existing structure is in tear-down condition,' and highlights it as a 'Prime Redevelopment Opportunity.' The images provided corroborate this, showing a severely dilapidated exterior with peeling paint, worn features, and general disrepair, indicating the structure is beyond repair and its value is solely in the land.
Pros & Cons
Pros
Redevelopment Potential: The property is explicitly marketed as a 'Prime Redevelopment Opportunity' and a 'blank canvas with unlimited potential,' ideal for investors or developers looking to build new.
Favorable Zoning & Neighborhood Trends: Zoning and neighborhood trends support multi-unit or mixed-use development, evidenced by a recently completed modern 4-story apartment building just a block away, indicating strong potential for higher density.
Central & Accessible Location: Boasts a central location with easy access to freeways, public transit, and major San Diego attractions including Downtown, Gaslamp, East Village, and Golden Hill.
Proximity to Demand Drivers: Its close proximity to employment hubs, universities, and recreation ensures strong rental demand for any future developed units, enhancing investment viability.
High-Demand Neighborhood: Located in 'one of San Diego’s most connected neighborhoods,' suggesting a desirable area with ongoing growth and investment.
Cons
Tear-Down Condition: The existing structure is in 'tear-down condition,' meaning the purchase price is solely for the land and will require significant demolition costs before any new construction can begin.
Substantial Upfront Investment: As a redevelopment project, it demands a substantial upfront investment beyond the purchase price for demolition, design, permitting, and construction, making it unsuitable for buyers seeking a ready-to-occupy property.
Development Complexity & Risk: Redevelopment projects involve inherent complexities such as navigating zoning regulations, obtaining permits, managing construction, and facing potential market fluctuations, requiring specialized expertise and tolerance for risk.