3754 56 Tennyson Street, San Diego, California 92107, San Diego, 92107 - 3 bed, 2 bath
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San Diego, California 92107
Analysis of 3754 56 Tennyson Street, San Diego, California 92107 is currently available with a list price of $1,599,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although originally built in 1941, the property has been extensively renovated within the last 5 years and is presented in move-in ready condition. The interiors feature modern kitchens with white shaker cabinetry, updated bathrooms with contemporary vanities and tile work, and a mix of refinished hardwood and modern wood-look tile flooring. The presence of updated electrical fixtures, recessed lighting, and mini-split cooling systems indicates that the major components have been upgraded to meet current standards.
The property is a rare, fully permitted 8-unit project (expandable to 9 units via ADU), allowing investors to bypass San Diego's lengthy entitlement process and break ground almost immediately.
Two fully remodeled and furnished homes currently occupy the site, providing immediate financial stability and cash flow while the owner prepares for the construction phase.
Located in a highly constrained submarket near Liberty Station, the RM-3-7 zoning and flexible site use offer high-yield potential for either a long-term rental hold or a strategic condo conversion.
As a development play, the acquisition requires significant additional capital and construction financing beyond the purchase price to realize the projected $23,000 monthly revenue.
Maximizing a 5,602 sqft lot to accommodate 9 total units may result in limited on-site parking or outdoor amenities, which could impact long-term tenant retention or resale value.
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.
No exterior & parking available.
Grades K-4 • 0.6 mi
Grades K-4 • 0.9 mi
Grades K-4 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1941 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 19, 2026
$1,599,000
$1,624,000
-2% Price Drop
Initial Listing
Apr 23, 2026
$1,624,000
$1,649,000
-2% Price Drop
Initial Listing
Apr 10, 2026
$1,649,000
Initial Listing
Mar 19, 2025
$1,410,000
Public Record
Nov 27, 2019
$753,000
Public Record