Listing Agent: Jonathan Minerick      Broker/Office: Homecoin.com
3754 Tennyson Street San Diego CA 92107
$ 1,649,000
  3   |    2   |    1168 Sq Feet

Listing ID

#TR26076439

Status

Active

Property Type

Duplex

Property Style

Bungalow

County

San Diego

Neighborhood

Ocean Beach

Year Built

1941

Days on website

5

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
Financial Information
List Price:  $ 1649000
Property Features
Appliances:  Dryer, Freezer, Microwave, Refrigerator, Washer
Community Features:  Sidewalks
Construction Materials:  Adobe, Frame
Direction Faces:  Southwest
Flooring:  Laminate, Wood
Foundation Details:  Raised
Green Energy Efficient:  HVAC, Roof, Thermostat, Windows
Heating:  Central
High School District:  San Diego Unified
Levels:  One
Parking Features:  Concrete, Driveway, Paved, Private, Uncovered
Patio And Porch Features:  Concrete, Porch
Road Surface Type:  Paved
Roof:  Shingle
Senior Community YN:  false
Structure Type:  Duplex
Water Source:  Public
High School District:  San Diego Unified
Senior Community YN:  false
MLS Area Major:  92107 - Ocean Beach
City:  San Diego
Listed By:   Jonathan Minerick   Homecoin.com 
CA Lic#