Property Details
About this Property
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,
MLS Listing Information
MLS #
CRTR26043709
MLS Source
California Regional MLS
Days on Site
5
Interior Features
Bedrooms
Primary Suite/Retreat
Kitchen
Other
Appliances
Freezer, Microwave, Other, Refrigerator, Dryer, Washer
Dining Room
Breakfast Nook, Other
Family Room
Other
Fireplace
None
Flooring
Laminate, Other
Laundry
In Closet
Cooling
Ceiling Fan, Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Shingle
Foundation
Raised
Pool
None
Style
Bungalow, Cottage
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Other, Private / Exclusive, Garage: 0 Car(s)
Elementary District
San Diego Unified
High School District
San Diego Unified
HOA Fee
$0
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
3754 56 Tennyson St is a Duplex in San Diego, CA 92107. This 1,168 square foot property sits on a 5,602 Sq Ft Lot and features 3 bedrooms & 2 full bathrooms. It is currently priced at $1,749,000 and was built in 1941. This address can also be written as 3754 56 Tennyson St, San Diego, CA 92107.
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This listing information is up-to-date as of March 06, 2026. For the most current information, please contact Jonathan Minerick
