$1,599,000

3754 Tennyson Street, San Diego, CA 92107

3 beds |
2 baths |
1,168 sqft

Condominium
Built in 1941
5,602sqft lot
—— car garage
$1,369/sqft
Listed 1 month ago

Property Description

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 Status:: Active
Date Added:: April 9, 2026
Data Last Updated:: May 20, 2026 at 7:11AM
Listing Office:: Homecoin.com : 888-400-2513
Listing Agent:: Jonathan Minerick : 888-400-2513
MLS ID:: TR26076439

General: Laminate CountersPartially FurnishedRecessed LightingTile Counters
Appliances: DryerMicrowaveRefrigeratorWasherFreezerGas Stove
Flooring: LaminateOther/RemarksWood
A/C: Central Forced Air
Heating: Forced Air Unit
Fireplace: N/K

General: N/K
Style: CottageCraftsman/Bungalow
Pool: N/K
Parking: Parking spaces: 0

Roofing: Shingle
General: AdobeFrame1

HOA Amenities: 0.0
Originating MLS: California Regional MLS
School District: San Diego Unified School Distric
County: San Diego

Zoning: RM-3-74494610700
View: N/K
Fencing: Chain LinkFair Condition

Utilities: Cable AvailableCable ConnectedElectricity AvailableElectricity ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected
Water: Public
Sewer: Public Sewer

Source: California Regional MLS

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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