You are browsing as a guest. Register to access key data for free.
Property profile

3920 Conde St San Diego, CA 92110

OFF-MARKET
Retail space
Property ID
US09-6660850
View Sample
2,231 SF 0.11 ac lot Built 1985
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional mixed-use property, located in the heart of Old Town San Diego, presents a unique redevelopment opportunity. The 2,231 square foot building sits on a 4,602 square foot lot and boasts a charming Spanish-style exterior. Currently configured as a two-unit office space (Suite A: 1,600 sq ft, Suite B: 631 sq ft), the property offers significant flexibility. Suite A features a vaulted entryway, reception area, three private offices, an open office area, kitchenette, storage, and two restrooms (one with a shower). Suite B includes a private entrance, open office area, eat-in kitchen, conference room, storage, and a restroom. The property includes five parking spaces, with potential for expansion. The OTRM-2-2 zoning allows for a maximum density of one dwelling unit per 1,000 square feet of lot area, enabling the development of single-family residences, two-to-four-unit multifamily dwellings, or a mixed-use configuration combining residential and commercial space. Conceptual plans for residential interior remodeling and relevant San Diego Municipal code zoning information are available. The property's central Old Town location provides convenient access to numerous restaurants, retail amenities, and major transportation arteries, including Interstates 5 and 8, and the Old Town Transit Center (buses, trolley, Amtrak, and Coaster). This is an ideal investment for owner-users seeking redevelopment potential in a highly desirable San Diego neighborhood. The asking price is $1,695,000. Built in 1985, this property offers a blend of character and potential.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Total area 2,231 SF
Lot 0.11 ac (4,602 SF)
Zoning code COMMERCIAL
APN 443-721-09-00
UPID US09-6660850

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising Advertising Agency
  • Corporate Office
  • Publishing House
  • Charitable Organization

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2025
Last sale
$1.6M
5 recorded transactions
2025
Price N/A
2025
$1.6M
2016
$1.1M
2008
Price N/A
1969
Price N/A

Zoning & alternative use

COMMERCIAL · San Diego, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3920 Conde St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message