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Kevin Silverstein

[email protected] +1(619) 203-7041

$1,649,000

Est. payment - /mo

3 Beds

2 Baths

1,168 SqFt

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UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 1,168 sqft

Price per Sqft $1,411

Subdivision Ocean Beach

MLS Listing ID TR26076439

Style Cottage,Craftsman/Bungalow

Bedrooms 3

Full Baths 2

Year Built 1941

Lot Size 5,602 Sqft

Property Sub-Type Townhome

Property Description

Secure a shovel-ready project in one of San Diegos 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 citys 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

Zoning RM-3-7

Direction From Nimitz Blvd, turn left onto Chatsworth Blvd, then left onto Tennyson St.

Interior

Interior Features Laminate Counters, Partially Furnished, Recessed Lighting, Tile Counters

Heating Forced Air Unit

Cooling Central Forced Air

Flooring Laminate, Wood, Other/Remarks

Fireplace No

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

Exterior

Fence Fair Condition, Chain Link

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

View Y/N Yes

Water Access Desc Public

Roof Type Shingle

Porch Concrete, Porch

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Schools

School District San Diego Unified School Distric

Others

Senior Community No

Tax ID 4494610700

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Special Listing Condition Standard

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Listed by Jonathan Minerick, DRE#01523060 Homecoin.com

Nearby School & Business

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Kevin Silverstein

+1(619) 203-7041

Realtor | CA BRE #02098925

Realtor CA BRE #02098925

San Diego Communities

3754 Tennyson Street San Diego, CA 92107

Kevin Silverstein

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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