6553 Lemarand Avenue, San Diego, California 92115, San Diego, - bed, bath
ACTIVE$749,999
6553 Lemarand Avenue, San Diego, California 92115
2Beds
2Baths
780Sqft
6,100Lot
Year Built
1953
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2507612
Home ConditionFair
Features
Patio
View-
About this home
Outstanding investment opportunity! This property offers two units for the price of one. The main house features 2 bedrooms and 1 bath, while the converted garage serves as a junior ADU. Additionally, there are completed plans ready for permit review to construct two more 1-bedroom, 1-bath units (approximately 600 square feet each) in the rear *See uploaded plans in Document Tab*. Centrally located with easy freeway access, it’s just minutes from downtown and conveniently close to SDSU.
Nearby schools
7/10
Rolando Park Elementary School
Public,•K-5•0.3mi
4/10
Carver Elementary School
Public,•K-5•1.0mi
5/10
Vista La Mesa Academy
Public,•PK-8•0.7mi
4/10
Mann Middle School
Public,•6-8•1.7mi
4/10
Crawford High School
Public,•9-12•1.4mi
3/10
Mount Miguel High School
Public,•9-12•2.6mi
3/10
Idea Center
Public,•9-12•6.7mi
Price History
Date
Event
Price
10/06/25
Listing
$749,999
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (136 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 31% |
| Baths | 2 | 2 | 50% |
| Square foot | 780 | 1,377 | 7% |
| Lot Size | 6,100 | 7,100 | 34% |
| Price | $750K | $910K | 20% |
| Price per square foot | $962 | $684 | 91% |
| Built year | 1953 | 1951 | 66% |
| HOA | |||
| Days on market | 29 | 145 | 1% |
Condition Rating
Fair
Built in 1953, this property shows a mix of updates and original/older features. The kitchen, while functional, features dated light wood cabinets, older laminate countertops, a tiled backsplash, and a mix of older white and newer stainless steel appliances. The flooring in the kitchen is also an older tile style. One bathroom appears to have been updated more recently with a modern vanity and light fixture, while the second bathroom has an older, more traditional vanity and light fixture. The main living areas and bedrooms have newer wood-look laminate flooring and fresh paint, and the windows appear updated. However, the overall aesthetic in key areas like the kitchen and one bathroom suggests renovations that are likely 15-25 years old, aligning with the 'fair' category where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Exceptional Investment Opportunity: Explicitly highlighted as an 'Outstanding investment opportunity' due to its multi-unit configuration and significant development potential.
Immediate Multi-Unit Income Potential: Property currently features a main house (2 bed/1 bath) and a converted garage as a junior ADU, offering immediate dual rental income streams or flexible living arrangements.
Significant Development Upside: Comes with completed plans ready for permit review to add two more 1-bedroom, 1-bath units, substantially increasing future revenue and property value.
Prime Central Location: Strategically located with easy freeway access, minutes from downtown San Diego, and close proximity to SDSU, enhancing its appeal to renters and future tenants.
Generous Lot Size for Expansion: A 6100 sqft lot provides ample space to accommodate the planned additional units, supporting the property's development potential.
Cons
Age of Construction: Built in 1953, the property may require updates to systems, infrastructure, or aesthetics to meet modern standards and tenant expectations, potentially incurring additional costs.
Development Approval Pending: While plans are complete, they are 'ready for permit review,' indicating that the approval process for the additional units is not finalized, introducing a potential timeline and approval risk.
Lack of Desirable Views: The property description explicitly states 'view: None,' which could be a drawback in a market where properties with scenic views often command higher prices.