$1,599,000

5419 Lauretta St Apt A &B, San Diego, CA 92110

6 beds |
4 baths

Multi-Family Home
Built in 1975
—— sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

Opportunity Knocks! Exceptional investment and development opportunity in a highly sought-after location just a short walk to USD. This unique property features two spacious 3-bedroom, 2-bath condos situated toward the rear of the lot, creating immediate rental income while preserving future development potential. The existing improvements offer flexibility for investors, developers, and owner-users alike. Continue generating income from the current units while exploring opportunities to maximize the property's highest and best use. The positioning of the buildings on the lot may provide additional development options, making this an ideal hold-and-develop asset. The garages present potential conversion opportunities or possible ADU configurations, subject to buyer verification and city approval. Located in one of San Diego's strongest rental markets, the property benefits from close proximity to USD, Mission Bay, beaches, shopping, dining, major employment centers, and convenient freeway access. Demand for housing in this area remains consistently strong, making this an attractive opportunity for both short- and long-term investors. Whether you're looking to generate cash flow today, add value through improvements, or pursue future development, this property offers a rare combination of location, income, and upside potential. See attached Development Opportunity Analysis for additional information regarding possible future uses and development scenarios. Buyer to verify all information.

Listing Status:: Active
Date Added:: June 3, 2026
Data Last Updated:: July 4, 2026 at 11:12PM
Listing Office:: Coldwell Banker West : 619-737-2126
Listing Agent:: Lanz Correia : 619-564-6355
MLS ID:: 260013430

A/C: N/K
Heating: FireplaceWall/Gravity

Roofing: Rolled/Hot Mop
General: Stucco2 Story

Originating MLS: SDMLS
County: San Diego

Zoning: R-3-7436-551-03-(01 & 02)
Fencing: Full

Source: SDMLS

This listing courtesy of Lanz Correia , Coldwell Banker West

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.