56-3754 Tennyson Street

Property Overview
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.
Home Details
- Property type
- Residential - Duplex
- Year built
- 1941
- Living area
- 1,168 sq ft
- Lot size
- 5,602 sq ft
- Stories
- 1.0
- Days on market
- 38
- MLS status
- Active
- Architectural style
- Bungalow,Cottage,MidCenturyModern
- Zoning
- RM-3-7
Features & Amenities
Interior
- Breakfast Area
- Ceiling Fans
- Eat In Kitchen
- Laminate Counters
- Open Floorplan
- Partially Furnished
- Recessed Lighting
- Tile Counters
- Primary Suite
Appliances
- Freezer
- Gas Cooktop
- Microwave
- Refrigerator
- Dryer
- Washer
Parking
- Concrete
- Driveway
- Off Street
- Paved
- Private
- Uncovered
Pool
- None
Lot
- Zero To One Unit Acre
- Eleven To Fifteen Units Acre
- Two To Five Units Acre
- Six To Ten Units Acre
- Back Yard
- Cul De Sac
- Front Yard
Security
- Carbon Monoxide Detectors
- Fire Rated Drywall
- Smoke Detectors
Community, Schools & Utilities
Community
- Subdivision
- Ocean Beach
Utilities
- Heating
- Central
- Cooling
- CentralAir
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions
Homeowner resources
Certified San Diego home inspectors
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TestimonialsCrown Coastal Support Team
Direct support from our real estate team
“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
Listing Agent

