4769 Thorn Street, San Diego, California 92105, San Diego, - bed, bath
ACTIVE$1,150,000
4769 Thorn Street, San Diego, California 92105
3Beds
0Bath
2,430Sqft
3,000Lot
Year Built
1940
Close
-
List price
$1.15M
Original List price
$1.3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25158003
Home ConditionPoor
Features
View-
About this home
Unique investment opportunity in the city of San Diego. This is the perfect home for an investor, or a homeowner who owns a business, as this property is zoned as both residential and commercial. This is equipped with 3 bedrooms and a bonus room. Dont miss this gem! (square footage of living area is combined with the square footage of the commercial).
Price History
Date
Event
Price
10/30/25
Price Change
$1,150,000
07/15/25
Listing
$1,300,000
Condition Rating
Poor
Built in 1940, this property shows significant age and deferred maintenance in key areas. While the exterior has received a recent, albeit bold, paint job, the interior reveals very outdated conditions. The kitchen features extremely old cabinets, worn laminate countertops, and dated flooring, suggesting no major renovation in 30-50+ years. The bathroom is similarly outdated with an old vanity and fixtures. Flooring throughout the residential areas is a mix of old, worn carpet, vinyl, and laminate. Heating appears to be via older wall units. The commercial/bonus spaces are very utilitarian with concrete floors. The property requires substantial repairs and rehabilitation, particularly for the kitchen, bathrooms, and potentially major systems, to meet modern standards and comfort.
Pros & Cons
Pros
Mixed-Use Zoning: The property is uniquely zoned for both residential and commercial use, offering exceptional flexibility for investors or owner-operators to live and work from the same location or generate diverse income streams.
Investment Potential: Explicitly marketed as a 'unique investment opportunity,' its mixed-use nature makes it highly attractive for those seeking a property with versatile income-generating capabilities or business integration.
Price Reduction: The listing price has been reduced from $1,300,000 to $1,150,000, indicating a potential for increased buyer value and a more competitive offering in the market.
Bonus Room: The inclusion of a bonus room provides valuable flexible space that can be adapted for various uses, such as an office, an additional bedroom, or a creative studio, enhancing the property's functionality.
Desirable Location: Located in San Diego, California, a highly sought-after metropolitan area known for its strong real estate market, amenities, and potential for property appreciation.
Cons
Property Age: Built in 1940, the property is 84 years old, which may imply the presence of older systems, potential for deferred maintenance, or the need for significant renovations to meet contemporary standards and preferences.
Combined Square Footage: The square footage of the living area is combined with the commercial space, making it difficult to ascertain the exact usable residential and commercial dimensions, which could complicate valuation and space planning.
Lack of Views: The property explicitly states 'view: None,' which could be a drawback in a desirable San Diego location where scenic views often contribute significantly to property value and appeal.