Greg Cummings San Diego Real Estate Agent - 858-206-9500
San Diego Condo ManiaMLS: TR26076439 $1,599,000 3 Beds /2 Baths
MLS #: TR26076439 Status: ACTIVE List Price: $1,599,000 Price SQFT: $1,369 City: SAN DIEGO
Beds: 3 Baths: 2 SqFt: 1168 Year: 1941 Zip: 92107
Listing Remarks
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.
Address: 3754 TENNYSON STREET SAN DIEGO CA 92107
Listing Agent: JONATHAN MINERICK of HOMECOIN.COM 888-400-2513
Listing Photos
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Last Updated: 2026-05-25