53-2351 Modesto Street, San Diego, CA 92105
Local realty services provided by:ERA North Orange County Real Estate
Listed by: ava khamooshi
Office: rise realty866-344-7473
MLS#:NDP2603053
Source:CRMLS
Price summary
- Price:$1,200,000
- Price per sq. ft.:$705.88
About this home
CITY HEIGHTS DUPLEX | R-2 ZONED | IMMEDIATE INCOME + EXTRAORDINARY DEVELOPMENT UPSIDE Few opportunities arrive with this much aligned in your favor. A fully remodeled, income-producing R-2 zoned duplex on a 5,178 square foot lot, positioned in the heart of one of San Diego's most powerfully appreciating urban corridors, this is the kind of generational asset that sophisticated investors recognize immediately and move on decisively. City Heights is not emerging. It has emerged. The Mid-City submarket is experiencing a transformation that is redefining land values, reshaping the streetscape, and rewarding those who had the vision to act early. This property does not sit on the sidelines of that story. It sits at the center of it. Both units were comprehensively remodeled in 2022 to a standard that today's discerning residents expect and deserve. The upper level unfolds across approximately 950 square feet of beautifully appointed living space, offering 2 bedrooms, 1 bathroom, a sweeping open concept layout, custom quartz countertops, a stylish breakfast bar, stainless steel appliances, and the coveted convenience of in-unit laundry. The lower unit presents approximately 850 square feet of equally refined living, with 2 bedrooms, 1 bathroom, a private fenced yard that creates a genuine sense of arrival, and a dedicated laundry closet. Both residences feature individually fenced outdoor retreats and climate controlled comfort through wall and window air conditioning. These are not afterthought finishes. They are the details that attract quality long term residents and keep them. The leases in place and the income figures speak for themselves. The investment opportunity extends well beyond today's cash flow. The R-2 designation, layered with the City of San Diego's landmark ADU ordinance and its aggressive multi-family densification framework, transforms this lot into a genuine development platform. The paths forward are multiple and meaningful. Add accessory dwelling units and multiply your income streams. Maximize the allowable density envelope and reposition the asset for the next decade. The Mid-City Community Plan places this site squarely within the city's highest priority transit-oriented infill zones, which means policy, infrastructure, and capital are all moving in the same direction you are. The risk profile is equally compelling. Flood, fire, and wind exposure each score a remarkable 1 out of 10, supporting clean underwriting and favorable insurance economics. Hamilton Elementary, rated 8 out of 10, anchors the neighborhood's family appeal. Major freeways, thriving employment centers, and robust public transit connections are all within easy reach, fundamentals that sustain demand, validate comparable sales, and strengthen every exit strategy on your model. Whether you are a 1031 exchange buyer seeking a pristine capital preservation vehicle, a value-add investor ready to build on a turnkey foundation, or a developer strategically assembling a land position in one of Southern California's most supply-constrained and policy-favored urban infill markets, this is the opportunity that belongs at the top of your underwriting queue. Assets that unite immediate income, institutional quality finishes, zoning optionality, and locational irreplaceability at this price point are extraordinarily rare. When they appear, the window is brief. The numbers are exceptional. The upside is undeniable. The time to act is now....
Contact an agent
Home facts
- Year built:1963
- Listing ID #:NDP2603053
- Added:59 day(s) ago
- Updated:May 30, 2026 at 10:35 AM
Rooms and interior
- Living area:1,700 sq. ft.
Structure and exterior
- Year built:1963
- Building area:1,700 sq. ft.
- Lot area:0.12 Acres
Finances and disclosures
- Price:$1,200,000
- Price per sq. ft.:$705.88
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Inside, Washer
New listings near 53-2351 Modesto Street
- New
$660,000Active2 beds 1 baths1,020 sq. ft.5810 Riley Street #4, San Diego, CA 92111
MLS# NDP2605067Listed by: GREATER GOOD REALTY
- New
$439,900Active1 beds 1 baths572 sq. ft.8476 New Salem #78, San Diego, CA 92126
MLS# 260013149SDListed by: SUNRISE INVESTMENT INTERNATIONAL - New
$590,900Active3 beds 3 baths1,060 sq. ft.510 62nd St #9, San Diego, CA 92114
MLS# 260013150SDListed by: LPT REALTY,INC - Open Sun, 1 to 4pmNew
$1,600,000Active4 beds 3 baths2,125 sq. ft.10025 Branford Rd., San Diego, CA 92129
MLS# 260013142Listed by: PACIFIC SOTHEBY'S INT'L REALTY - New
$699,000Active2 beds 1 baths572 sq. ft.4845 Wightman Street, San Diego, CA 92105
MLS# PTP2603978Listed by: JL LENZ REAL ESTATE - New
$619,000Active2 beds 2 baths828 sq. ft.1970 Columbia Street #310, San Diego, CA 92101
MLS# PTP2604150Listed by: COLDWELL BANKER WEST - Open Sun, 12:30 to 3:30pmNew
$759,000Active3 beds 3 baths1,872 sq. ft.5264 Mount Alifan, San Diego, CA 92111
MLS# 260013140SDListed by: RE/MAX PACIFIC - Open Sun, 12 to 2pmNew
$915,000Active3 beds 2 baths1,421 sq. ft.4051 34th, San Diego, CA 92104
MLS# 260013124SDListed by: KELLER WILLIAMS SAN DIEGO METRO - New
$2,290,000Active4 beds 3 baths2,455 sq. ft.4545 Vereda Mar De Ponderosa, San Diego, CA 92130
MLS# 260013129SDListed by: NICK TAYLOR ENT. - Coming Soon
$1,750,000Coming Soon5 beds 3 bathsAddress Withheld By Seller, San Diego, CA 92131
MLS# 260013130SDListed by: KELLER WILLIAMS REALTY
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2023 - 2026 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.