$1,699,000

3754 Tennyson Street, San Diego, CA 92107

  • 3 beds |
  • 2 baths |
  • 1,168 sqft
  • Property Icon Town Home
  • Property Year Built Icon Built in 1941
  • Property Lot Size Icon5,602sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $1,455/sqft
  • Property List Date Icon Listed 27 days ago

Property Description

This is a de-risked development play for a developer looking to significantly shorten the City of San Diego entitlement timeline. The property is zoned RM-3-7 and is being sold with plans for 8 additional units already in the final stages of the approval process. The project is expected to be fully stamped and ready for permit issuance by end of March, allowing a buyer to move into the construction phase almost immediately upon closing. While you prepare to pull permits and mobilize, the site provides immediate carry income to offset holding expenses. The two existing, fully remodeled, fully-furnished homes are currently producing 3,500 dollars per month during the Airbnb off-season (expected >$6k during peak season). This turnkey revenue stream ensures the asset is working for you from day one. Providing a clean slate for construction or immediate market-rate leasing. The project is designed to maximize the density of this Tier 1 location using the ADU program. Upon completion of the 8 additional one-bedroom units, the expected gross monthly revenue is 23,000 dollars. This represents a substantial equity play in a high-demand coastal submarket. Whether you are looking for a high-yield hold or a future condo conversion, the proximity to Liberty Station, Sunset Cliffs, and top-tie

Listing Status:
Active
Date Added:
March 5, 2026
Data Last Updated:
April 1, 2026 at 11:09PM
Listing Office:
Homecoin.com : 888-400-2513
Listing Agent:
Jonathan Minerick : 888-400-2513
MLS ID:
CRTR26043709
  • General: Family RoomOfficeBreakfast Nook
  • Appliances: Gas RangeMicrowaveRefrigerator
  • Laundry: DryerLaundry ClosetWasher
  • Flooring: LaminateWoodSee Remarks
  • A/C: Ceiling Fan(s)Central AirENERGY STAR Qualified Equipment
  • Heating: Central
  • Fireplace: None
  • Eco/Green Feature: OtherThermostat
  • General: Back YardFront YardOther
  • Style: BungalowCottageMid Century Modern
  • Pool: None
  • Parking: OtherPrivateParking spaces: 0
  • Windows: Double Pane WindowsENERGY STAR Qualified Windows
  • General: OtherFrame1Raised
  • HOA Amenities: 0.0
  • School District: San Diego Unified
  • County: San Diego
  • Zoning: 4494610700
  • View: None
  • Fencing: Chain Link
  • Utilities: Cable AvailableCable Connected

This listing courtesy of Jonathan Minerick , Homecoin.com

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Dana Middle School

1775 Chatsworth Blvd, San Diego, CA, 92107

Grades 5-6

0.44 miles away

C

Correia Middle School

4302 Valeta St, San Diego, CA, 92107

Grades 7-8

0.67 miles away

P

Point Loma High School

2335 Chatsworth Blvd, San Diego, CA, 92106

Grades 9-12

0.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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