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5026 Faber Way

San Diego, CA 92115

3 beds
2 baths
1,716 sqft
$698 per sqft
1958 build
– on site

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

Listed By SDMLS / Brandon Blum / Brandon Blum

Last checked: Checking… • Last updated May 2, 2025 •

MLS# 250026130SD —

The Building

Year Built:

1958
New Construction:

No
Roof:

Composition
Stories Total:

1

Interior

Levels:

One
Eating Area:

See Remarks
Room Type:

See Remarks
Living Area Source:

Public Records
Fireplace:

No
Laundry:

Electric Dryer Hookup, See Remarks, In Garage
Laundry:

1

Room Dimensions

Living Area:

1716.00

Location

Directions:

Cross Street: Montezuma.
Latitude:

32.76934574
Longitude:

-117.08110727

The Property

Property Type:

Residential
Subtype:

Single Family Residence
Lot Size Source:

Assessor
Fencing:

Partial
Fence:

Yes
Land Lease:

No

Listing Agent

Contact info:

Beds

Total Bedrooms:

3

Baths

Total Baths:

2
Full & Three Quarter Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4661110300

Heating & Cooling

Heating:

1
Heating:

Natural Gas, See Remarks
Cooling:

Yes
Cooling:

Central Air

The Community

Subdivision:

San Diego
Subdivision:

San Diego
Neighborhood:

College Knolls
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Driveway
Parking Spaces:

4.00
Attached Garage:

Yes
Garage Spaces:

2.00
Uncovered Spaces:

2.00

Monthly cost estimate

Asking price

$1,199,000

Expense	Monthly cost
Mortgage	$6,420
Taxes	N/A
Insurance	$329
Utilities	$185 See report
Total	$6,934/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
5/1/25 May 1, 2025	Relisted	CRMLS_CA	$1,199,000	23.0%
8/13/24 Aug 13, 2024	Pending	BRIDGE
8/13/24 Aug 13, 2024		BRIDGE	$975,000

39% of nearby similar homes sold for over asking price

Similar homes that sold in bidding wars went $31k above asking price on average, but some went as high as $135k over asking price.

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This house located in Eastern San Diego, San Diego, CA 92115 is currently for sale for $1,199,000. 5026 Faber Way is a 1,716 square foot house with 3 beds and 2 baths that has been on Estately for 0 days. 5026 Faber Way is in the Eastern San Diego neighborhood of San Diego. This house is in the attendance area of Lewis Middle School, Henry High School, and Hardy Elementary School.

Listing Courtesy of: CRMLS_CA and Brandon Blum. Based on information from California Regional Multiple Listing Service, Inc. as of 22:51 on May 01.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.