5744 46 Dream Street, San Diego, California 92114, San Diego, - bed, bath

home-pic
ACTIVE$1,299,000
5744 46 Dream Street, San Diego, California 92114
0Bed
0Bath
2,450Sqft
9,147.6Lot
Year Built
1953
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2507898
Home ConditionExcellent
Features
Good View:
Deck
View-

About this home

Welcome to this reimagined and fully permitted duplex in the heart of Valencia Park! Situated on a nearly 10,000 sq. ft. lot, this versatile property offers an incredible opportunity for both homeowners and investors. The main residence features 4 spacious bedrooms, 1.5 bathrooms, and approximately 1,600 sq. ft. of living space with a private backyard and attached 2-car garage. The newly built attached ADU includes 2 bedrooms, 1 bathroom, and roughly 850 sq. ft. with its own private entrance, side yard, and separate utility meters — ideal for multi-generational living or generating passive income. Live in one unit and rent the other, or enjoy strong cash-flow potential from both! Conveniently located just minutes from Downtown San Diego, beaches, shopping, and major freeways, this property combines comfort, flexibility, and investment value in one of the city’s most accessible neighborhoods.

Price History

Date
Event
Price
10/24/25
Listing
$1,299,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot2,4502,179
50%
Lot Size9,1487,456
50%
Price$1.3M$964K
50%
Price per square foot$530$429.5
50%
Built year19539766000
50%
HOA
Days on market1366
50%
Condition Rating
Excellent

This property, despite being built in 1953, has been 'reimagined' and includes a 'newly built attached ADU,' indicating extensive and recent renovations. The images confirm this with modern, updated bathrooms featuring new vanities, sinks, faucets, and tiled showers. New wood-look laminate flooring is present throughout most living areas and bedrooms, and walls are freshly painted in neutral tones. While the main house kitchen's cabinets and appliances (black refrigerator, white dishwasher) appear to be a slightly older style (perhaps 5-10 years old rather than brand new), they are impeccably clean, functional, and well-maintained, not requiring immediate updates. The presence of mini-split AC units suggests modern climate control. Given the 'newly built' ADU and the comprehensive, high-quality updates in the main residence, the property meets the criteria for 'Excellent' condition, with virtually new components and no deferred maintenance.
Pros & Cons

Pros

Exceptional Income Potential: This fully permitted duplex features a newly built ADU with separate entrances and utility meters, offering strong cash-flow potential or versatile multi-generational living arrangements.
Generous Lot Size: Situated on a nearly 10,000 sq. ft. lot, the property provides ample outdoor space, privacy, and potential for future landscaping or enhancements.
Strategic San Diego Location: Conveniently located just minutes from Downtown San Diego, beaches, shopping, and major freeways, ensuring high demand and accessibility for residents.
Modernized & Permitted Structure: The property has been 'reimagined' and is fully permitted, indicating recent, legal upgrades and reducing immediate renovation concerns for buyers.
Attached Garage & Private Yards: The main residence includes an attached 2-car garage, and both units benefit from private backyard/side yard spaces, enhancing livability and appeal.

Cons

Original Construction Age: Built in 1953, the original structure of the main residence may present ongoing maintenance considerations typical of older homes, despite recent 'reimagining'.
Limited Bathroom Count (Main Unit): The main 4-bedroom residence offers only 1.5 bathrooms, which could be a functional limitation for larger families or multiple occupants.
Neighborhood Perception: While conveniently located, the specific sub-market of Valencia Park (92114) may have varying perceptions that could influence long-term appreciation or tenant pool compared to other San Diego areas.

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