Greg Cummings San Diego Real Estate Agent - 858-206-9500
San Diego Condo ManiaMLS: TR26043709 $1,749,000
3 Bedrooms with 2 Baths3754 TENNYSON STREET
SAN DIEGO CA 92107MLS: TR26043709
Status: ACTIVE
List Price: $1,749,000
Price per SQFT: $1,497
Square Footage: 11683 Bedrooms
2 Baths
Year Built: 1941
Zip Code: 92107
Listing Remarks
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. 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-tier schools ensures long-term exit liquidity. All project documentation is ready for immediate review. We have a full data room available including architectural designs, engineering, site plans, and a comprehensive proforma. Skip the typical 12-24 month planning lag and acquire a project where the heavy lifting of design and city approval are already behind you.
Address: 3754 TENNYSON STREET SAN DIEGO CA 92107
Listing Agent: JONATHAN MINERICK of HOMECOIN.COM 888-400-2513
Condo Mania Agent
Greg Cummings
Compass Real Estate
Team Lead CA DRE# 01464245
Phone: 858-206-9500
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Standard BEDROOMS: 3 BATHROOMS FULL: 2 BATHROOMS HALF: 0 LIVING AREA SQ FT: 1168 BUILDING AREA TOTAL: 1168 YEAR BUILT: 1941 APPLIANCES INCLUDED: Dryer, Microwave, Freezer, Gas Stove, Refrigerator, Washer ARCHITECTURAL STYLE: Cottage, Craftsman/Bungalow CONSTRUCTION: Adobe, Frame FIREPLACE: N/K FLOORING: Laminate, Other/Remarks, Wood HEATING: Forced Air Unit COOLING: Central Forced Air INTERIOR FEATURES: Laminate Counters, Partially Furnished, Recessed Lighting, Tile Counters # GARAGE SPACES: 0 PROPERTY TYPE: Residential PROPERTY SUB TYPE: Townhome ROOF: Shingle POOL FEATURES: N/K SPA FEATURES: N/K STORIES TOTAL: 1 VIEW: N/K LISTING AGENT: JONATHAN MINERICK LISTING OFFICE: HOMECOIN.COM LISTING CONTACT: 888-400-2513
Estimated Monthly Payments
List Price: $1,749,000 20% Down Payment: $349,800 Loan Amount: $1,399,200 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $8,844 Estimate does not include taxes, fees, insurance.
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Property Location: 3754 TENNYSON STREET SAN DIEGO CA 92107
This Listing
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Condo Mania Agent
Greg Cummings
Compass Real Estate
Team Lead CA DRE# 01464245
Phone: 858-206-9500
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Last Updated: 2026-03-05