4621 Alabama, San Diego, California 92116, San Diego, - bed, bath

home-pic
ACTIVE$1,499,000
4621 Alabama, San Diego, California 92116
2Beds
4Baths
1,565Sqft
3,324Lot
Year Built
1927
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
250040575SD
Home ConditionGood
Features
Deck
Patio
View-

About this home

This exceptional property presents a rare investment opportunity in one of San Diego's most desirable neighborhoods.  The property combines a beautifully remodeled Spanish-style 2-bedroom, 2-bathroom home with two fully furnished, remodeled studios.  The main house is charming Spanish-style home with timeless craftsmanship and Mediterranean features. It boasts beautiful Italian hardwood floors, a remodeled kitchen with Italian tile backsplash and custom wood cabinetry, beamed ceilings, and new Pella windows.  One studio is located above the garage and features a cantina door opening to an outdoor balcony, as well as a wet bar, refrigerator, and built-in Murphy bed.  The bottom studio is a converted garage and has similar amenities. The property features mature landscaping, fruit trees (lemon, fig, pomegranate, passion fruit), and Spanish outdoor tile and new fencing for privacy and peaceful relaxation.  Fully permitted plans are in place to add a second-floor ADU (Accessory Dwelling Unit) with a separate address, ready for immediate construction.  Live in one unit, rent out the others, and maximize your income by adding the planned ADU.  Just steps from Trolley Barn Park, cafes, restaurants, shopping and nightlife.  Close to freeway access, 5-minute drive to Balboa Park and Downtown San Diego, this property has it all.

Nearby schools

8/10
Garfield Elementary School
Public,K-50.5mi
8/10
Birney Elementary School
Public,K-50.5mi
6/10
Jefferson Elementary School
Public,K-51.1mi
8/10
Florence Elementary School
Public,K-51.5mi
5/10
Roosevelt International Middle School
Public,6-81.5mi
5/10
Hoover High School
Public,9-122.6mi

Price History

Date
Event
Price
10/02/25
Listing
$1,499,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (78 Listings)
Beds23
38%
Baths42
92%
Square foot1,5651,375
58%
Lot Size3,3246,065
16%
Price$1.5M$1.42M
57%
Price per square foot$958$980
47%
Built year19271930
38%
HOA
Days on market35145
3%
Condition Rating
Good

This 1927 Spanish-style property has undergone extensive remodeling, making it move-in ready. The main house features a beautifully remodeled kitchen with Italian tile backsplash, custom wood cabinetry, and new Pella windows, along with Italian hardwood floors. The two remodeled studios include modern amenities like mini-split AC units and Murphy beds. While the main house kitchen is high quality and recent, some elements like the main house bathroom's tile style and faucet, and the studio kitchenette's range, appear functional and clean but not brand new or ultra-modern. Overall, the property is well-maintained with significant recent updates, aligning with the 'Good' condition criteria for extensive renovations within the last 5-15 years.
Pros & Cons

Pros

Income-Generating Asset: This property offers a rare investment opportunity with a multi-unit setup (main house + two fully furnished studios) and fully permitted plans for an additional ADU, maximizing rental income potential.
Prime Location: Situated in University Heights, one of San Diego's most sought-after neighborhoods, with excellent walkability to local amenities, parks, and nightlife, plus quick access to Balboa Park and Downtown.
Extensive Renovations & Quality Finishes: The main house and studios feature beautiful remodels, including Italian hardwood floors, a gourmet kitchen with custom cabinetry, beamed ceilings, and new Pella windows, showcasing timeless Spanish-style charm.
Future Development Potential: Fully permitted plans for a second-floor ADU with a separate address are in place, offering an immediate and clear path to significantly increase property value and expand income streams.
Architectural Character & Outdoor Living: The Spanish-style architecture, timeless craftsmanship, mature landscaping, fruit trees, and private outdoor spaces with new fencing enhance the property's curb appeal and livability.

Cons

Potential for Older Systems: Built in 1927, while extensively remodeled, the underlying infrastructure (e.g., plumbing, electrical beyond specific upgrades) may still be original, potentially requiring future maintenance or upgrades.
Main House Bedroom Count: The main house offers 2 bedrooms, which might be considered compact for some buyers seeking a larger primary residence, especially given the property's overall investment focus.
Limited Lot Space: The 3,324 sqft lot, while efficiently utilized for multiple units, may offer limited private outdoor space per unit and could present challenges for parking with increased density.

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