$2,785,000
$210K PRICE DROP

Estimated payment $17,842/month

Total Views 12,077
4 Beds
2 Baths
1,450 Sq Ft
$1,921 Price per Sq Ft

Highlights

  • Horses Allowed On Property
  • City Lights View
  • Horse Trails
  • Carmel Valley Middle School Rated A+
  • Cul-De-Sac
  • Property is Fully Fenced

About This Home

One-of-a-kind rural duplex on over 1 acre of land featuring two beautifully rustic 2-bedroom, 1-bathroom + detached office units nestled in the heart of breathtaking Torrey Hills. Enjoy tranquil coastal living in a country-like setting, just minutes from all the amenities of Torrey Hills and Del Mar. This 2-unit property has been a successful short and long-term rental. In-place long-term rent is $5,370 for one unit and short-term monthly revenue for 3856 has grossed up to $12k per month in the past. The property is a non-conforming legal duplex, which allows for incredible expansion potential. The base zoning of AR-1-2 alone permits 20% lot coverage, and statewide ADU laws could possibly allow for multiple ADUs to be built on the acre. Schematic design, topographic survey, and biological technical report are complete. The exceptional rental income and development potential make this property a once-in-a-lifetime investment opportunity in one of San Diego’s most desirable locations.

Listing Agent

Greg Robertson

Class Realty Group License #01978303 Listed on: 05/03/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • Cul-De-Sac
  • Property is Fully Fenced

Property Views

  • City Lights
  • Mountain
  • Valley

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,450 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Horses Allowed On Property
  • Heating Available

Community Details

Overview

  • 2 Units
  • Tierra Del Sur Community
  • Carmel Valley Subdivision

Recreation

  • Horse Trails

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1945
  • Unit Levels: 1 Story
  • Property Sub Type: Res Income 2-4 Units
  • Co List Office Mls Id: 5900
  • Subdivision Name: CARMEL VALLEY
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Stories: 1

Exterior Features

  • Fencing: Full, Partial
  • Roof: Composition
  • View: City, Evening Lights, Mountains/Hills, Valley/Canyon
  • Construction Type: Stucco, Wood

Utilities

  • Cooling: Central Forced Air
  • Heating: Forced Air Unit
  • Utilities: Septic Installed
  • Water Source: Meter on Property

Condo/Co-op/Association

  • Pets Allowed: Yes

Lot Info

  • Zoning: AGRICULTUR

Rental Info

  • Tenant Pays: N/K

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Price Changed $2,785,000 -7.0% $1,921 / Sq Ft
05/03/2025 05/03/25 For Sale $2,995,000 -- $2,066 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250026460

San Diego MLS