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Located in the Encanto neighborhood of Southeastern San Diego, this property presents a rare value-add opportunity in an area experiencing steady growth and increased development activity. Situated on a large, flat lot, the single-family home offers significant upside potential for investors, builders, or buyers looking to create long-term value. The home is a true fixer-upper and requires interior renovation, making it ideal for a full remodel and resale, a long-term rental hold with improvements, or expansion through the addition of ADUs (buyer to verify with the City of San Diego). Notably, a 32-unit multifamily complex is currently under construction on the adjacent lot, which is nearly identical in size—highlighting the development trajectory of this pocket and the potential for higher-density use (buyer to verify zoning and development possibilities). With its oversized lot, clear redevelopment indicators next door, and convenient access to freeways, schools, and public transit, this property presents a strategic acquisition opportunity in one of San Diego’s evolving corridors. Buyers are encouraged to conduct their own due diligence regarding zoning, density allowances, and future development options.
Listing agent: Maurice Watkins DRE #02008110 Maurice2watkins@gmail.com, Listing office: Allison James Estates & Homes
MLS data updated 10/24/2026, 3:20:33 PM PT
Source: CRMLS, MLS #: SW26042647
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Apr 20, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$690,000Closed sale · Apr 20, 2026ZIP 92114 · Apr 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.