Courtesy of Homecoin.com, Jonathan Minerick 888-400-2513
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.
Open House
Property Details and Features
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Appliances & Equipment
- “Dryer”
- “Microwave”
- “Refrigerator”
- “Washer”
- “Freezer”
- “Gas Stove”
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Bathrooms
- 2 total bathrooms
- 2 full bathrooms
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Bedrooms
- 3 total bedrooms
- 3 possible bedrooms
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Building
- Built in 1941
- Building area total: 1168
- 1 stroy
- 1 story total
- Living area: 1168
- Living area units: Sqft
- Building area units: Sqft
- Entry level: 1
- “Cottage”
- “Craftsman/Bungalow”
- “No Common Walls”
- “Adobe”
- “Frame”
- “1 Story”
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Cooling
- “Central Forced Air”
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Disclosures
- “Earthquake Ins Avail”
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Exterior Features
- Patio and porch features: “Concrete”, “Porch”
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Fence
- “Fair Condition”
- “Chain Link”
-
Fireplaces
- “N/K”
-
Floors
- “Laminate”
- “Wood”
- “Other/Remarks”
-
Water Features
- Water source: “Public”
-
Heating
- “Forced Air Unit”
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Interior Features
- “Laminate Counters”
- “Partially Furnished”
- “Recessed Lighting”
- “Tile Counters”
-
Listing
- Listing ID: TR26076439
- List price: $1,649,000
- 7 days on market
- Listing contract date: 2026-04-10
- Special listing conditions: “Standard”
- “Cash”
- “Conventional”
- “Exchange”
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Location
- Subdivision: OCEAN BEACH
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Lot
- 5,602 size sqft
- Size area: 0.1286
- Size units: Acres
-
Pool
- “N/K”
-
Property
- Property subtype: Townhome
- Property type: Residential
- Zoning: RM-3-7
- “Additions/Alterations”
- “Building Permit”
- “Updated/Remodeled”
- “N/K”
-
Roof
- “Shingle”
-
Schools
- High school district: San Diego Unified School Distric
- Middle or junior school district: San Diego Unified School Distric
- Elementary school district: San Diego Unified School Distric
-
Security Features
- “Fire Rated Drywall”
- “Carbon Monoxide Detectors”
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Sewer
- “Public Sewer”
-
Spa
- “N/K”
-
Utilities
- “Cable Available”
- “Cable Connected”
- “Electricity Available”
- “Electricity Connected”
- “Sewer Available”
- “Water Available”
- “Sewer Connected”
- “Water Connected”
