3754 56 Tennyson Street

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Source: California Regional MLS

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TRMINEJON

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.

Property Information

Property Details

Location

Address

3754 56 Tennyson Street

County

San Diego

City

San Diego

Zip Code

92107

Subdivision

Ocean Beach

School District

San Diego Unified

MLS Area

92107 - Ocean Beach

Interior Features

Beds and Baths

Bedrooms

Main Level Bedrooms

Full Bathrooms

Building

Building Information

Square Feet

1,168

Year Built

1941

Stories

Construction

Adobe, Frame

Foundation

Raised

Roof

Shingle

Condition

Additions/Alterations, Building Permit, Updated/Remodeled

Financial

Special Conditions

Standard

3754 56 Tennyson Street, San Diego, CA 92107

Market Report for 92107