Score
0San Diego, CA
215-17 Southlook Ave
879K
4 beds
2 baths
1,518 sqft
4 bd • 2 ba • 1,518 sf
This analysis was generated on 2/19/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$879,000
Price/Sq.Ft
$579
Year Built
1924
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• **Dual Income Potential:** The property features two separate homes on a single lot, offering immediate income potential from renting out both units. This is a significant advantage for investors.
• **Remodeled Condition:** The property has been professionally remodeled with new electrical, water pipes, gas lines, LVP flooring, kitchens, and bathrooms. This reduces the need for immediate repairs or upgrades.
• **Large Lot Size:** The 6,098 sq. ft. lot is generous for the area and provides ample space for outdoor entertaining and potential future development (ADUs).
• **Parking and Storage:** The property features two detached garages and a long driveway, providing ample parking and storage space, a valuable asset in San Diego.
• **Location:** The property is located minutes away from downtown, parks, shopping, and restaurants, offering a convenient lifestyle.
The Bad
• **School Ratings:** The nearby schools have very low ratings (2/10 and 3/10). This is a significant drawback for families with children and could impact the property's resale value.
• **Price per Square Foot:** At $579.05 per square foot, the property is priced higher than some other areas of San Diego, although it is not dramatically out of line for the general area, especially considering the dual units. Comparing to other multi-unit properties is important.
• **Limited Room Details:** The lack of specific room details (sizes, layout) makes it difficult to assess the functionality and flow of the living spaces. A floor plan would be helpful.
• **High Estimated Insurance:** The estimated insurance cost of $3,164.4 per year is relatively high, suggesting potential risks associated with the property (age, location, etc.).
The Ugly
• **Significant Price Changes:** The property's listing history shows a dramatic price increase (598.5%) from its previous sale in 2009 ($143,000) to its initial listing price ($998,888), followed by a 12% price reduction to $879,000. This raises questions about the accuracy of the initial listing price and the overall valuation of the property.
• **Age of the Property:** Built in 1924, the property is nearly 100 years old. Even with remodeling, older homes can have underlying structural issues or require ongoing maintenance and repairs that are not immediately apparent.
• **Potential for Over-Capitalization:** While the remodel appears to be well-done, there is a risk that the upgrades may have over-capitalized the property, meaning that the cost of the renovations may not be fully reflected in the property's market value. This is especially true if the finishes and materials are not in line with the neighborhood's standards.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Investors seeking a property with dual income potential from the main house and the additional unit. The ability to potentially add ADUs to the detached structures further enhances income possibilities. The property's proximity to downtown San Diego adds to its attractiveness for renters.
• Buyers interested in a multi-generational living situation, where family members can live independently in the two separate homes on the lot. The fenced separation ensures privacy for each unit.
• Individuals who value remodeled homes with modern amenities while retaining the charm of a 1920s Craftsman style. The recent upgrades including new electrical, water pipes, and gas lines offer peace of mind.
• Buyers who prefer low-maintenance landscaping. The artificial turf significantly reduces yard work and water consumption.
Not For
• Buyers seeking a large, single-family home with a traditional layout. The property is divided into two separate living spaces, which may not suit those who need a single, large residence.
• Families with children who prioritize highly-rated schools. The schools near the property have low ratings (2/10 and 3/10), which may be a concern for some families.
• Buyers who prefer a turnkey property with no potential for further renovation or development. The property offers opportunities for ADU development, which may not appeal to those seeking a completely finished home.
• Individuals looking for a quiet, secluded neighborhood. The property's proximity to downtown San Diego means it is likely to experience more noise and traffic than more suburban areas.
Demographics
Area Median Income
$49,651
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jan 20, 2023Jill Goldberg Nadley, Goldberg Living TrustJill Goldberg Nadley
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Dec 26, 2014Herbert GoldbergHerbert Goldberg, The Goldberg Living Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$143,000Cash Purchase
Oct 7, 2009Macario H Ramirez, Alicia RamirezHerbert Goldberg
Trustees Deed
Foreclosure
$0Cash Purchase
Dec 18, 2006Macario H Ramirez, Alicia RamirezMacario H Ramirez, Alicia Ramirez
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$3,967
2024 Tax Assessment
40.2%from previous year
Assessed Value$320,135
Tax Rate1.24%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Schools
Nearby school quality by education level
Elementary
4.0/10
AverageMiddle
2.5/10
Below AverageHigh
2.0/10
Below AverageFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,714
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$879,000
Price/sqft
$579
Layout
4 bd•2 ba
Days on market
34 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$693,167
26.8%
Your price is 26.8% above average
Median Price
$725,000
21.2%
Based on 6 recent sales
Price per Sq.Ft
$478
21.1%
Your price is 21.1% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 259-261 39th St, Logan Heights, CA 92113 | $820,000 | 1,617 | 5 | 2 | $50712.4% | 12/21/2024 |
| 727 Toyne St, San Diego, CA 92102 | $725,000 | 1,241 | 3 | 2 | $5840.9% | 12/5/2024 |
| 845 Raven Street, San Diego, CA 92102 | $670,000 | 1,302 | 4 | 2 | $51511.1% | 11/7/2024 |
| 1035 S 39th Street, San Diego, CA 92113 | $619,000 | 1,360 | 4 | 2 | $45521.4% | 10/23/2024 |
| 3552 Ocean View Blvd, Logan Heights, CA 92113 | $560,000 | 1,631 | 5 | 2 | $34340.7% | 10/5/2024 |
| 729 31 Toyne St, San Diego, CA 92102 | $765,000 | 1,640 | 5 | 2 | $46619.4% | 9/9/2024 |
259-261 39th St, Logan Heights, CA 92113
Price: $820,000
Sq.Ft: 1,617
Beds/Baths: 5/2
$/Sq.Ft:
$50712.4%
Sale Date: 12/21/2024
727 Toyne St, San Diego, CA 92102
Price: $725,000
Sq.Ft: 1,241
Beds/Baths: 3/2
$/Sq.Ft:
$5840.9%
Sale Date: 12/5/2024
845 Raven Street, San Diego, CA 92102
Price: $670,000
Sq.Ft: 1,302
Beds/Baths: 4/2
$/Sq.Ft:
$51511.1%
Sale Date: 11/7/2024
1035 S 39th Street, San Diego, CA 92113
Price: $619,000
Sq.Ft: 1,360
Beds/Baths: 4/2
$/Sq.Ft:
$45521.4%
Sale Date: 10/23/2024
3552 Ocean View Blvd, Logan Heights, CA 92113
Price: $560,000
Sq.Ft: 1,631
Beds/Baths: 5/2
$/Sq.Ft:
$34340.7%
Sale Date: 10/5/2024
729 31 Toyne St, San Diego, CA 92102
Price: $765,000
Sq.Ft: 1,640
Beds/Baths: 5/2
$/Sq.Ft:
$46619.4%
Sale Date: 9/9/2024
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