56 Tennyson ST, San Diego, CA 92107
56 Tennyson ST, San Diego, CA 92107
56 Tennyson ST, San Diego, CA 92107
56 Tennyson ST, San Diego, CA 92107
56 Tennyson ST, San Diego, CA 92107
56 Tennyson ST, San Diego, CA 92107
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Carrie Baker

Carrie Baker

+1(619) 871-2514
$ 1,599,000
Est. payment | /mo

3 Beds

2 Baths

1,168 SqFt

Save
$ 1,599,000
Est. payment | /mo
Save

3 Beds

2 Baths

1,168 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,168 sqft

Price per Sqft $1,369

Subdivision Ocean Beach

MLS Listing ID TR26076439

Bedrooms 3

Full Baths 2

Construction Status Additions/Alterations,Building Permit,Updated/Remodeled

HOA Y/N No

Year Built 1941

Lot Size 5,601 Sqft

Property Sub-Type Duplex

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.

Location

State CA

County San Diego

Area 92107 - Ocean Beach

Zoning RM-3-7

Rooms

Main Level Bedrooms 3

Interior

Interior Features Breakfast Area, Ceiling Fan(s), Eat-in Kitchen, Laminate Counters, Open Floorplan, Partially Furnished, Recessed Lighting, Tile Counters, Primary Suite

Heating Central

Cooling Central Air

Flooring Laminate, See Remarks, Wood

Fireplaces Type None

Fireplace No

Appliance Freezer, Gas Cooktop, Microwave, Refrigerator, Dryer, Washer

Laundry Laundry Closet

Exterior

Parking Features Concrete, Driveway, Off Street, Paved, Private, Uncovered

Fence Chain Link, Fair Condition

Pool None

Community Features Sidewalks

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

View Y/N No

View None

Roof Type Shingle

Porch Concrete, Front Porch, Porch

Private Pool No

Building

Lot Description 0-1 Unit/Acre, 11-15 Units/Acre, 2-5 Units/Acre, 6-10 Units/Acre, Back Yard, Cul-De-Sac, Front Yard

Dwelling Type Duplex

Faces Southwest

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Cottage, Mid-Century Modern

Level or Stories One

New Construction No

Construction Status Additions/Alterations,Building Permit,Updated/Remodeled

Schools

School District San Diego Unified

Others

Senior Community No

Tax ID 4494610700

Security Features Carbon Monoxide Detector(s),Fire Rated Drywall,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jonathan Minerick Homecoin.com 888-400-2513, DRE #01523060
NEARBY SCHOOL & BUSINESS
Carrie Baker

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 871-2514

carrie@sellsandiegorealestate.com

9555 Grossmont Summit Dr, Mesa, CA, 91941

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