3754 Tennyson Street, San Diego, CA 92107
Local realty services provided by:ERA North Orange County Real Estate
3754 Tennyson Street,San Diego, CA 92107
$1,699,000
- 3 Beds
- 2 Baths
- 1,168 sq. ft.
- Multi-family
- Active
Listed by: jonathan minerick
Office: homecoin.com
MLS#:TR26043709
Source:CRMLS
Price summary
- Price:$1,699,000
- Price per sq. ft.:$1,454.62
About this home
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. The two existing, fully remodeled, fully-furnished homes are currently producing 3,500 dollars per month during the Airbnb off-season (expected >$6k during peak season). 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. 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....
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Home facts
- Year built:1941
- Listing ID #:TR26043709
- Added:30 day(s) ago
- Updated:April 04, 2026 at 01:21 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Laminate, Wood
- Kitchen Description:Freezer, Gas Cooktop, Laminate Counters, Microwave, Refrigerator, Washer
- Living area:1,168 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central Furnace
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1941
- Building area:1,168 sq. ft.
- Lot area:0.13 Acres
- Lot Features:Back Yard, Cul De Sac, Front Yard
- Architectural Style:Bungalow, Cottage, Mid Century Modern
- Construction Materials:Adobe, Frame
- Exterior Features:Concrete Patio, Front Porch, Porch
- Foundation Description:Raised
- Levels:1 Story
Schools
- Middle school:Dana
Utilities
- Water:Public, Water Available, Water Connected
- Sewer:Public Sewer, Sewer Available, Sewer Connected
Finances and disclosures
- Price:$1,699,000
- Price per sq. ft.:$1,454.62
Features and amenities
- Appliances:Dryer, Freezer, Gas Cooktop, Microwave, Refrigerator, Washer
- Laundry features:Dryer, Laundry Closet, Washer
- Amenities:Carbon Monoxide Detectors, Ceiling Fans, Double Pane Windows, Fire Rated Drywall, Insulated Windows, Open Floorplan, Partially Furnished, Recessed Lighting, Smoke Detectors
Parking
- Parking description:Driveway, Off Street, Paved Driveway, Private
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