4375 Temecula Street 77, San Diego, California 92107, San Diego, - bed, bath

home-pic
ACTIVE$1,895,000
4375 Temecula Street 77, San Diego, California 92107
0Bed
0Bath
1,998Sqft
8,124Lot
Year Built
1929
Close
-
List price
$1.9M
Original List price
$1.9M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25186368
Home ConditionExcellent
Features
View-

About this home

Discover a rare development opportunity in the heart of Point Loma Heights! Can be sold together with the next door listing at 4363-4365 Temecula St. Combined, these two multi-family properties at Temecula St offer an exceptional investment opportunity with 14,380 SF of lot area, with 115' of street and alley frontage and 125' lot depth. Currently, each lot features two single-family homes, for a total of four units. Each unit has undergone recent upgrades and placed with quality tenants. The unit mix is (4377) 2BR/2BA unit (approx. 1,200 sf) and (4375) 2BR/2BA unit (approx. 785 sf) above a 3-car garage. The neighboring listing’s unit mix is (4365) 2BR/2BA unit (approx. 900 sf) and (4363) 2BR/1BA unit (approx. 963 sf) above a 3-car garage. Nestled in a quiet, desirable neighborhood, just minutes from Ocean Beach, Mission Bay, and Pacific Beach, with easy access to top restaurants, shopping, and the stunning San Diego coastline. Potential development, to be confirmed with the City, includes the development of up to 12 homes plus ADUs or up to 30 micro units, when combined with the next door listing at 4363-4365 Temecula.

Price History

Date
Event
Price
10/30/25
Price Change
$1,895,000
08/25/25
Listing
$1,899,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (3 Listings)
Beds00
Baths00
Square foot1,9981,894
50%
Lot Size8,1247,561
50%
Price$1.9M$2.07M
50%
Price per square foot$948$1,103
50%
Built year19299645977
50%
HOA
Days on market72207
25%
Condition Rating
Excellent

Despite being built in 1929, the listing explicitly states 'Each unit has undergone recent upgrades.' The provided images strongly support this, showcasing fully renovated interiors. The kitchens feature modern white shaker cabinets, light countertops, subway tile backsplashes, stainless steel appliances, and recessed lighting. Bathrooms are equally updated with modern floating vanities, new tile flooring, and subway-tiled showers with glass enclosures. Flooring throughout includes new-looking LVP and clean carpets. The overall aesthetic is contemporary and virtually new, indicating an extensive renovation within the last 5 years, bringing the property's condition to an excellent standard.
Pros & Cons

Pros

Exceptional Development Potential: Offers a rare opportunity for significant redevelopment in a desirable area, with potential for up to 12 homes plus ADUs or 30 micro units when combined with the adjacent lot.
Prime Point Loma Heights Location: Situated in a highly sought-after San Diego neighborhood, providing excellent access to beaches, dining, shopping, and coastal attractions.
Scalable Investment Opportunity: The option to acquire the adjacent property (4363-4365 Temecula St) allows for a combined 14,380 SF lot, significantly expanding development scope and investment returns.
Generous Lot Size: The property boasts an 8,124 sqft lot, providing ample space for substantial redevelopment or expansion within current zoning.
Immediate Income Generation: Features two recently upgraded units with quality tenants, ensuring immediate cash flow and investment stability during any planning or holding period.

Cons

Development Confirmation Required: The stated development potential is subject to city confirmation, necessitating extensive due diligence, time, and potential costs for zoning and permitting.
Age of Existing Structures: Built in 1929, the current duplex may present challenges with outdated infrastructure, potentially leading to higher maintenance or requiring demolition for optimal redevelopment.
Reliance on Adjacent Property for Max Potential: Achieving the highest development density (12 homes/30 micro units) is contingent on purchasing the neighboring lot, which adds complexity, cost, and is not guaranteed.

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