3754 56 Tennyson Street, San Diego, CA 92107
List Price: $1.62M
Listing Status: Active
Original List Price: $1.65M
0Days on Market: 12
3 Bedrooms · 2 Bathrooms · 1,168 sq ft
Property Type: Residential
Year Built: 1941
Lot Size: 5,602 sq ft
Private Pool: Yes
MLS Number: TR26076439
About This Property
Secure a shovel-ready project in one of San Diego’s most constrained submarkets. This RM-3-7 zoned development play includes a fully permitted 8-unit build in the heart of Point Loma. With permit issuance scheduled for this April, this is a rare chance to avoid the city’s lengthy entitlement process and break ground within weeks of closing. The asset offers possible immediate financial stability through two fully remodeled, furnished homes. By utilizing the bonus-ADU program, this project maximizes density to achieve a projected gross monthly revenue of 23,000 dollars across 9 total units. This is a premier equity play in a Tier 1 location near Liberty Stationand schools. The flexibility of the site allows for a high-yield long-term hold or a strategic condo conversion. We have prepared a complete data room for transparency and speed. This includes all architectural plans, engineering, and a detailed proforma. If you are looking to deploy capital into a project that is ready to build now, this Tennyson Street opportunity is the answer.
Listing provided by: Jonathan Minerick DRE #01523060 888-400-2513 info@homecoin.com, Homecoin.com
Source: CRMLS, MLS #: TR26076439
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.