5635 Mildred Street, San Diego, CA 92110

• 2 beds |
• 1 bath |
• 888 sqft

Property Description

5635 Mildred Street is a rare dual-opportunity asset in Bay Park — a fully renovated, income-producing home on an R-4 zoned lot with a nearly approved 8-unit multifamily development already. The next owner builds — they don't start over. The location is irreplaceable. A few blocks from USD in one of San Diego's most centrally positioned and supply-constrained rental corridors. Minutes to Mission Valley, Fashion Valley, Riverwalk, and the transformative Riverwalk Transit Village. Direct access to the I-8 and SR-163. Student and professional rental demand here is very strong. The existing home is fully renovated and tenant-occupied, generating income while entitlements finalize. Luxury vinyl plank floors, updated kitchen with stainless appliances, and spa-quality bathrooms with navy shaker vanities, quartz countertops, and large-format tile. Drought-tolerant landscaping, large flat fully fenced rear yard, and detached garage. Hold it. Lease it. Build 8 units.

Listing Status:

Active

Date Added:

May 5, 2026

Data Last Updated:

May 20, 2026 at 3:16PM

Listing Office:

Gene Bowman Realty : 619-477-1111

Listing Agent:

Christian Ballow : 619-207-7601

MLS ID:

PTP2603397

Interior

• General: All Bedrooms Down
• Laundry: In Kitchen
• A/C: None
• Heating: None
• Fireplace: None

Exterior

• Pool: None
• Parking: Parking spaces: 1

Construction

• General: 1

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRP
• School District: San Diego Unified
• County: San Diego

Lot

• Zoning: R-4:Multiple Residential4363850500
• View: NeighborhoodView

Utilities

• Sewer: Public Sewer

Financial

• Source: CRMLS_CRP