4312 Winona Ave, San Diego, California 92115, San Diego, - bed, bath
ACTIVE$499,888
4312 Winona Ave, San Diego, California 92115
2Beds
2Baths
817Sqft
Lot
Year Built
1925
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
250043153SD
Home ConditionTear down
Features
View-
About this home
UNPOLISHED GEM located in the Colina Del Sol section of City heights of 92115. Extraordinarily unique opportunity to acquire a property zoned for 4 Units with correlating architectural plans ready to go! Perfect for the hands-on buyer with a vision. Located on a flat usable 3500 sq ft Lot.
Price History
Date
Event
Price
11/02/25
Listing
$499,888
03/14/19
Sold
$200,000
06/16/06
Sold
$245,000
07/01/05
Sold
$240,000
01/12/99
Sold
$50,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (139 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 31% |
| Baths | 2 | 2 | 50% |
| Square foot | 817 | 1,392 | 7% |
| Lot Size | 0 | 7,429 | |
| Price | $500K | $920K | 1% |
| Price per square foot | $612 | $681.5 | 31% |
| Built year | 1925 | 9755976 | 1% |
| HOA | |||
| Days on market | 3 | 146 | 1% |
Condition Rating
Tear down
Built in 1925, this property is in an extremely dilapidated state. The kitchen is severely outdated with peeling paint, old tile countertops, and appears unsanitary and non-functional, requiring a complete gut renovation. The exterior shows significant disrepair with peeling paint, old stucco, and security bars, indicating long-term neglect. The listing description itself, referring to it as an 'UNPOLISHED GEM' and highlighting its zoning for 4 units with 'architectural plans ready to go,' strongly suggests the value lies in the land and redevelopment potential, rather than the existing structure. The current structure is likely beyond economical repair for habitation and would require demolition for its highest and best use.
Pros & Cons
Pros
Exceptional Development Potential: The property is zoned for 4 units with architectural plans already prepared, offering a clear and expedited path for multi-unit construction and significant investment returns.
Prime San Diego Location: Situated in the desirable Colina Del Sol section of City Heights, the property benefits from a strong San Diego real estate market and good rental demand.
Optimal Lot for Development: The flat, usable 3500 sq ft lot provides an ideal foundation for efficient construction and maximizing the buildable space for a multi-unit project.
Significant Value-Add Opportunity: Marketed as an 'unpolished gem' for a 'hands-on buyer with a vision,' indicating substantial equity growth potential through redevelopment or extensive renovation.
Streamlined Project Start: The availability of correlating architectural plans for 4 units significantly reduces initial planning time and costs, accelerating the development timeline.
Cons
Overpriced Relative to Estimation: The current listing price is 20% higher than the property's estimated value, which may deter buyers looking for immediate equity or a market-aligned deal.
Extensive Work Required: Built in 1925 and described as an 'unpolished gem,' the existing structure likely requires substantial investment for renovation or demolition to realize its full development potential.
Limited Buyer Pool: The property is explicitly targeted towards a 'hands-on buyer with a vision,' narrowing the market to investors or developers willing to undertake a major project, rather than typical residential buyers.