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For Sale
$1,599,000
Est. $8,954/mo3754 56 Tennyson Street, San Diego, CA 92107
bed
3
Bedrooms
bathtub
2
Bathrooms
square_foot
1,168
Square Feet
About this home
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.
Property Facts
bed
Bedrooms
3
bathtub
Bathrooms
2
square_foot
Square Feet
1,168
landscape
Lot Size
5,602 sqft
calendar_month
Year Built
1941
home_work
Property Type
Duplex
timer
Days on Market
38
payments
HOA Fee
N/A
garage
Garage Total
0
fingerprint
MLS #
TR26076439
Interior Details
General Interior
Interior Features
Breakfast Area, Ceiling Fans, Eat In Kitchen, Laminate Counters, Open Floorplan, Partially Furnished, Recessed Lighting, Tile Counters, Primary Suite
Flooring
Laminate, See Remarks, Wood
Kitchen & Appliances
Appliances
Freezer, Gas Cooktop, Microwave, Refrigerator, Dryer, Washer
Laundry
Laundry Closet
Bed & Bath
Main Level Bedrooms
3
Main Level Bathrooms
2
Climate Control
Cooling
Central Air
Heating
Central
Parking
Parking Features
Concrete, Driveway, Off Street, Paved, Private, Uncovered
Exterior & Lot
Building & Construction
Patio & Porch
Concrete, Front Porch, Porch
Fencing
Chain Link, Fair Condition
Security
Carbon Monoxide Detectors, Fire Rated Drywall, Smoke Detectors
Construction
Adobe, Frame
Foundation
Raised
Roof
Shingle
Direction Faced
Southwest
Lot & Grounds
Lot Features
Zero To One Unit Acre, Eleven To Fifteen Units Acre, Two To Five Units Acre, Six To Ten Units Acre, Back Yard, Cul De Sac, Front Yard
Sewer
Public Sewer
Water Source
Public
Community & HOA
Association Info
Community Features
Sidewalks
Mortgage Calculator
Total Monthly
$0
Principal & Interest:
$0Property Tax:
$0Home Insurance:
$0HOA Fees:
$0$
$
%
Nearby Schools
| Rating | School Name | ||
|---|---|---|---|
| No school data available for this area. | |||
Convenience Score
Market Insights
92107|San Diego
analytics
Estimated Value
Calculating...
trending_up0%vs. last year
202120222023202420252026
Market Temperature
Seller'sBalancedBuyer's
0d30d60d180d
Balanced
Balanced market
30 Days
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
flood
Flood & Climate Risk
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
volume_up
Noise Levels
TrafficQuiet residential street
AirportMinimal airport noise
CommercialLow commercial activity nearby
streetview
Open Full Street Viewopen_in_newStreet View
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