3754 56 Tennyson Street, San Diego, CA 92107
List Price: $1.6M
Listing Status: Active
Original List Price: $1.65M
0Days on Market: 38
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
Seize one of San Diego's most constrained submarkets with this shovel-ready development opportunity in the heart of Point Loma. Zoned RM-3-7 and fully entitled with an approved, Ready-to-Issue (RTI) 8-unit plan, this asset lets you bypass the city's lengthy entitlement process entirely and break ground immediately upon closing. The property currently has two fully furnished short-term rental units. The front unit is a 2-bedroom SFH; the rear is a detached 1-bedroom ADU. Both feature full kitchens and in-unit washer/dryers, ready for short- or long-term tenancy from day one. Upon completion of the 8 additional one-bedroom units, the project is projected to achieve $23,000+ in gross monthly revenue. The site's flexibility supports multiple exit strategies: a high-yield, long-term portfolio hold or a strategic condo conversion. A complete data room is ready for immediate review, including approved architectural plans, civil engineering, site plans, and a comprehensive pro forma.
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.