Rare value-add investment opportunity in College East! First time on the market, this 0.23-acre parcel zoned RM-1-1, features two detached homes and detached garage on one lot with the option to maintain as a 2-on-1, expand to 4 units per a Preliminary Feasibility Study, or explore alternative development potential for 6–12 units. Located just 2 miles from SDSU and within a Transit Priority Zone, this property offers a prime investment opportunity with easy access to I-8 and I-15. Strong rental demand driven by a growing student population and ongoing campus expansions makes it an ideal choice for investors, developers, and 1031 exchange buyers seeking steady rental income and long-term growth potential. Don’t miss this prime opportunity in a thriving San Diego rental market!
Sold for $835,000
Listed by: Willis Allen Real Estate • Jessica Gooch • Contact: 858-752-8551
Bought with: Out of Area Office
$835,000
7275-77 Saranac St, San Diego, CA 92115
4beds
2baths
1,681sqft
Multi Family
Built in 1957
-- sqft lot
$1,166,500 Zestimate®
$497/sqft
$2,990 Estimated rent
Home value
$1,166,500
$1.01M - $1.39M
$2,990/mo
Zestimate® history
Owner options
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$5,278/mo
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$5,278/mo
Est. payment
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Detached homesDetached garage
Zillow last checked:
Listing updated:
Listed by:
Jessica Gooch DRE #01290174 jessica@willisallen.com,
Willis Allen Real Estate
Bought with:
Out of Area Agent
Out of Area Office
Source: CRMLS,MLS#: NDP2502002
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Appliances
- Laundry: See Remarks
Features
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,681
- Total interior livable area: 1,681 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Garage spaces: 2
- Uncovered spaces: 4
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 9,905 Square Feet
- Features: Near Public Transit
Details
- Parcel number: 4690800700
- Zoning: RM-1-1
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Fixer
- Year built: 1957
Community & HOA
Community
- Features: Curbs
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $497/sqft
- Tax assessed value: $93,274
- Annual tax amount: $1,640
- Date on market: 3/3/2025
- Listing terms: Cash
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2025 | Sold | $835,000-1.8%$497/sqft |
Source:  CRMLS #NDP2502002 Report a problem | ||
| 3/14/2025 | Pending sale | $850,000$506/sqft |
Source: CRMLS #NDP2502002 Report a problem | ||
| 3/3/2025 | Listed for sale | $850,000$506/sqft |
Source: CRMLS #NDP2502002 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,640 +52.9% | $93,274 +2% |
| 2024 | $1,073 +2.5% | $91,446 +2% |
| 2023 | $1,047 +2.9% | $89,653 +2% |
| 2022 | $1,017 +0.8% | $87,896 +2% |
| 2021 | $1,009 +1.3% | $86,173 +1% |
| 2020 | $996 +5.5% | $85,291 +2% |
| 2019 | $944 +3.3% | $83,620 +2% |
| 2018 | $914 +2.6% | $81,981 +2% |
| 2017 | $890 +2% | $80,375 +2% |
| 2016 | $873 +1.6% | $78,800 +1.5% |
| 2015 | $859 +1.6% | $77,617 +2% |
| 2014 | $845 | $76,098 +0.5% |
| 2013 | -- | $75,755 +2% |
| 2012 | -- | $74,271 +2% |
| 2011 | -- | $72,816 +0.8% |
| 2010 | -- | $72,273 -0.2% |
| 2009 | -- | $72,446 +2% |
| 2008 | -- | $71,027 +2% |
| 2007 | -- | $69,635 +2% |
| 2006 | -- | $68,271 +2% |
| 2005 | -- | $66,933 +2% |
| 2004 | -- | $65,622 +1.9% |
| 2003 | -- | $64,420 +2% |
| 2002 | -- | $63,158 +2% |
| 2001 | -- | $61,921 |
Find assessor info on the county website
Neighborhood: College East
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Nearby schools
GreatSchools rating
- 6/10Clay Elementary SchoolGrades: K-5Distance: 1.1 mi
- 5/10Mann Middle SchoolGrades: 6-8Distance: 2.4 mi
- 4/10Crawford High SchoolGrades: 9-12Distance: 2.4 mi
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Estimated market value
$1,166,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,166,500
- California
- San Diego County
- San Diego
- 92115
- College East
- 7275-77 Saranac St
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