5026 Faber Way San Diego, CA 92115
College West NeighborhoodEstimated payment $6,738/month
Total Views
6,101
3
Beds
2
Baths
1,716
Sq Ft
$699
Price per Sq Ft
Highlights
- 2 Car Attached Garage
- Partially Fenced Property
- 1-Story Property
- Hardy Elementary School Rated A-
- Level Lot
About This Home
Seize this rare opportunity just steps from San Diego State University! This property includes approved plans to transform the main house into a 6-bedroom, 3-bathroom residence and construct a brand-new 1,200 sq ft, 5-bedroom, 2-bathroom ADU. Situated on an oversized lot, it features two driveways for abundant parking, plus expansive front and rear yards. The garage offers future potential for conversion into a 2-bedroom, 1-bathroom third unit. With rental rates in this high-demand area ranging from $1,300-$1,450 per bedroom, this project promises exceptional cash flow and significant upside. Detailed Investment memo available for review PLEASE SEE OFFERING MEMORANDUM IN DOCUMENTS TAB
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,387
Year Built
- Built in 1958
Lot Details
- Partially Fenced Property
- Level Lot
Parking
- 2 Car Attached Garage
- Driveway
Home Design
- Composition Roof
Interior Spaces
- 1,716 Sq Ft Home
- 1-Story Property
- Laundry in Garage
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Utilities
- Separate Water Meter
Listing and Financial Details
- Assessor Parcel Number 466-111-03-00
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,387 | $1,050,000 | $950,000 | $100,000 |
| 2024 | $1,387 | $117,073 | $37,117 | $79,956 |
| 2023 | $1,354 | $114,779 | $36,390 | $78,389 |
| 2022 | $1,316 | $112,529 | $35,677 | $76,852 |
| 2021 | $1,306 | $110,324 | $34,978 | $75,346 |
| 2020 | $1,290 | $109,194 | $34,620 | $74,574 |
| 2019 | $1,266 | $107,054 | $33,942 | $73,112 |
| 2018 | $1,183 | $104,956 | $33,277 | $71,679 |
| 2017 | $80 | $102,899 | $32,625 | $70,274 |
| 2016 | $1,132 | $100,883 | $31,986 | $68,897 |
| 2015 | $1,114 | $99,369 | $31,506 | $67,863 |
| 2014 | $1,096 | $97,423 | $30,889 | $66,534 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | Pending | -- | -- | -- |
| 05/01/2025 05/01/25 | For Sale | $1,199,000 | +29.6% | $699 / Sq Ft |
| 09/25/2024 09/25/24 | Sold | $925,000 | -5.1% | $539 / Sq Ft |
| 08/13/2024 08/13/24 | For Sale | $975,000 | -- | $568 / Sq Ft |
| 07/30/2024 07/30/24 | Pending | -- | -- | -- |
Source: San Diego MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,200,000 | Wfg National Title Company | |
| Grant Deed | $1,050,000 | Wfg Title | |
| Gift Deed | -- | Wfg Title | |
| Grant Deed | $925,000 | Wfg National Title Company Of |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,500,000 | Construction | |
| Previous Owner | $728,000 | Construction |
Source: Public Records
Similar Homes in San Diego, CA
Source: San Diego MLS
MLS Number: 250026130
APN: 466-111-03
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