3754 56 Tennyson Street, San Diego, CA 92107 (MLS # TR26043709)

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PRICE $1,749,000 dsIDX morgage calculator
BEDS 3
BATHS 2
HOME SIZE 1,168 sqft
LOT SIZE 5,602 sqft

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, engineering, site plans, and a comprehensive proforma. Skip the typical 12-24 month planning lag and acquire a project where the heavy lifting of design and city approval are already behind"‹"‹"Œ"‹"‹"‹"‹"Œ"‹"‹"Œ"Œ"‹"‹"Œ"‹"‹"‹"Œ"Œ"‹"‹"‹"Œ"‹"‹"Œ"Œ"‹"‹"‹"Œ"‹"Œ"‹"‹"‹"Œ"Œ"‹ you.

DAYS ON MARKET 3 LAST UPDATED 3/5/2026
TRACT Ocean Beach YEAR BUILT 1941
COMMUNITY 92107 - Ocean Beach COUNTY San Diego
STATUS Active PROPERTY TYPE(S) Single Family

SCHOOLS
Jr. High School Dana


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dryer, Freezer, Gas Cooktop, Microwave, Refrigerator, Washer
AREA 92107 - Ocean Beach
CONSTRUCTION Adobe, Frame
HEAT Central
INTERIOR Ceiling Fan(s), Eat-in Kitchen, Laminate Counters, Open Floorplan, Recessed Lighting, Tile Counters
LOT 5602 sq ft
LOT DESCRIPTION Back Yard, Cul-De-Sac, Front Yard
LOT DIMENSIONS 5602
PARKING Driveway, Off Street, Paved, Private
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
STYLE Bungalow, Cottage, MidCenturyModern
SUBDIVISION Ocean Beach
UTILITIES Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
VIEW DESCRIPTION None
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 3754 56 TENNYSON STREET
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