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LUVSD Realty

hello@luvsdrealty.com +1(619) 481-0200

$1,649,000

Est. payment - /mo

3 Beds

2 Baths

1,168 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,168 sqft

Price per Sqft $1,411

Subdivision Ocean Beach

MLS Listing ID TR26076439

Bedrooms 3

Full Baths 2

Construction Status Additions/Alterations,Building Permit,Updated/Remodeled

HOA Y/N No

Year Built 1941

Lot Size 5,601 Sqft

Property Sub-Type Duplex

Property Description

Secure a shovel-ready project in one of San Diego's most constrained submarkets. This RM-3-7 zoned development play includes a fully permitted 8-unit build in the heart of Point Loma. With permit issuance scheduled for this April, this is a rare chance to avoid the city's lengthy entitlement process and break ground within weeks of closing. The asset offers possible immediate financial stability through two fully remodeled, furnished homes. By utilizing the bonus-ADU program, this project maximizes density to achieve a projected gross monthly revenue of 23,000 dollars across 9 total units. This is a premier equity play in a Tier 1 location near Liberty Stationand schools. The flexibility of the site allows for a high-yield long-term hold or a strategic condo conversion. We have prepared a complete data room for transparency and speed. This includes all architectural plans, engineering, and a detailed proforma. If you are looking to deploy capital into a project that is ready to build now, this Tennyson Street opportunity is the answer.

Location

State CA

County San Diego

Area 92107 - Ocean Beach

Zoning RM-3-7

Rooms

Main Level Bedrooms 3

Interior

Interior Features Breakfast Area, Ceiling Fan(s), Eat-in Kitchen, Laminate Counters, Open Floorplan, Partially Furnished, Recessed Lighting, Tile Counters, Primary Suite

Heating Central

Cooling Central Air

Flooring Laminate, See Remarks, Wood

Fireplaces Type None

Fireplace No

Appliance Freezer, Gas Cooktop, Microwave, Refrigerator, Dryer, Washer

Laundry Laundry Closet

Exterior

Parking Features Concrete, Driveway, Off Street, Paved, Private, Uncovered

Fence Chain Link, Fair Condition

Pool None

Community Features Sidewalks

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

View Y/N No

View None

Roof Type Shingle

Porch Concrete, Front Porch, Porch

Private Pool No

Building

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

Dwelling Type Duplex

Faces Southwest

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Cottage, Mid-Century Modern

Level or Stories One

New Construction No

Construction Status Additions/Alterations,Building Permit,Updated/Remodeled

Schools

School District San Diego Unified

Others

Senior Community No

Tax ID 4494610700

Security Features Carbon Monoxide Detector(s),Fire Rated Drywall,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Jonathan Minerick Homecoin.com 888-400-2513, DRE #01523060

NEARBY SCHOOL & BUSINESS

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LUVSD Realty

+1(619) 481-0200

Agent | License ID: 01409835

Agent License ID: 01409835

3754 Tennyson ST San Diego, CA 92107

LUVSD Realty

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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3754 Tennyson ST