420 S 45th St, San Diego, California 92113, San Diego, - bed, bath
ACTIVE$770,000
420 S 45th St, San Diego, California 92113
2Beds
2Baths
884Sqft
6,795Lot
Year Built
1945
Close
-
List price
$770K
Original List price
$770K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
250023509SD
Home ConditionFair
Features
Good View:
Patio
View-
About this home
Discover an exceptional property opportunity with R-4 zoning, ideal for those looking to build multiple units. This spacious lot offers great potential and is conveniently located with easy access to the freeway, making it a prime location for future development. The charming two-bedroom, one-bath home on the property features a recently updated kitchen, enhancing its appeal for renters or potential buyers. This super cute residence is ready for you to move in or use while you explore your development options. Don’t miss out on this must-see property!
Price History
Date
Event
Price
04/11/25
Listing
$770,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (50 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 24% |
| Baths | 2 | 2 | 50% |
| Square foot | 884 | 1,092 | 20% |
| Lot Size | 6,795 | 5,200 | 75% |
| Price | $770K | $680K | 86% |
| Price per square foot | $871 | $593 | 88% |
| Built year | 1945 | 1956 | 29% |
| HOA | |||
| Days on market | 209 | 173 | 65% |
Condition Rating
Fair
Built in 1945, this property features a recently updated kitchen with modern white cabinets, clean countertops, and new LVP flooring, making it highly functional and aesthetically pleasing. However, the bathroom is significantly outdated with original-era pink tile and basic fixtures, requiring a full renovation to meet current standards. While the kitchen is a strong asset, the dated bathroom and the overall age of the home, along with some wear on the exterior (e.g., driveway), place it in the 'Fair' category, indicating it's aged but maintained with some updates, yet still requires significant renovation in key areas.
Pros & Cons
Pros
R-4 Zoning for Multi-Unit Development: The property boasts R-4 zoning, explicitly ideal for building multiple units, offering significant development and investment potential.
Spacious Lot Size: With a generous lot size of 6795 sqft, there is ample space to capitalize on the R-4 zoning for multi-unit construction.
Strategic Location with Freeway Access: The property is conveniently located with easy access to the freeway, enhancing its appeal for future residents and improving connectivity.
Recently Updated Kitchen: The existing two-bedroom home features a recently updated kitchen, improving its immediate appeal and rentability for interim use.
Immediate Occupancy/Rental Potential: The current 'super cute residence' is move-in ready, providing flexibility for the buyer to occupy or generate rental income while planning future development.
Cons
Age of Existing Structure: Built in 1945, the existing home is older, which may imply outdated systems and potential for significant maintenance or demolition costs if redevelopment is pursued.
Small Existing Home Footprint: The current 884 sqft, 2-bed, 2-bath home is relatively small, limiting its appeal as a primary residence for many buyers if not redeveloped.
Development-Specific Investment Required: While offering strong development potential, realizing the property's highest and best use will likely require substantial capital investment for multi-unit construction, deterring buyers seeking a ready-to-live-in single-family home.