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About the Listing PB2195 - TRMINEJON
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.
Listing Highlights
Status
Active
Days on Site
40
Property Type
Residential
MLS ®
TR26076439
Year Built
1941
Total Square Footage
1,168
Lot/Acreage
0.13
County
San Diego
Neighborhood
Ocean Beach
Area
92107 - Ocean Beach
School District
San Diego Unified
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Freezer, Gas Cooktop, Microwave, Refrigerator, Dryer, Washer
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor: Laminate,See Remarks,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Breakfast Area,Ceiling Fan(s),Eat-in Kitchen,Laminate Counters,Open Floorplan,Partially Furnished,Recessed Lighting,Tile Counters,Primary Suite
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,11-15 Units/Acre,2-5 Units/Acre,6-10 Units/Acre,Back Yard,Cul-De-Sac,Front Yard,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: RM-3-7
- Roof: Shingle
- Others: Additions/Alterations,Building Permit,Updated/Remodeled,Adobe,Frame,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Concrete,Driveway,Off Street,Paved,Private,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4494610700
- Tax Year: N/A
Payment Calculator
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Questions About..
3754 Tennyson St San Diego, CA 92107
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