Millman Team Real Estate

$1,649,000
3 Bed
2 Bath
1,168 Sqft
0.13 Acre Lot

3754 56 Tennyson Street, San Diego, California 92107

  • Residential Property Type
  • 1,168 Sqft Square Footage
  • Driveway Cars Garage
  • 1941 Year Built
Property 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.

Basic Details
Residential
For Sale
TR26076439
$1,649,000
None
3
2
1,168 Sqft
1941
0.13 Acre
Active
2
Duplex
: Shingle
Features
: None
: Central
: Central Air
: Chain Link, Fair Condition
: None
: Concrete, Porch, Front Porch
: Driveway, Concrete, Paved, Private, Uncovered, Off Street
: Mid-Century Modern, Bungalow, Cottage
: Laminate, Wood, See Remarks
: Primary Suite, Ceiling Fan(s), Open Floorplan, Recessed Lighting, Breakfast Area, Eat-in Kitchen, Partially Furnished, Tile Counters, Laminate Counters
: Laundry Closet
: Public Sewer
: Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Sewer Available, Water Available, Cable Connected
: Double Pane Windows, Insulated Windows
$0
Appliances
: Gas Cooktop, Microwave, Dryer, Washer, Refrigerator, Freezer
Address Map
CA
San Diego
San Diego
Ocean Beach
92107
Tennyson
3754
Street
W118° 46' 9.6''
N32° 44' 20.6''
Southwest
From Nimitz Blvd, turn left onto Chatsworth Blvd, then left onto Tennyson St.
92107 - Ocean Beach
RM-3-7
Neighborhood
San Diego Unified
Additional Information
$0
$0
$0
$0
$0
: Sidewalks
: Frame, Adobe
1
: Raised
: One
: 0-1 Unit/Acre, Back Yard, Front Yard, 6-10 Units/Acre, Cul-De-Sac, 2-5 Units/Acre, 11-15 Units/Acre
2
2026-04-10
1
1
: Public
Broker/Agent Information
Homecoin.com
Jonathan Minerick
Listing Information
TRMINEJON
PB2195
Cash,Conventional,1031 Exchange
Active
2026-04-11T13:17:45Z
CRMLS
: Standard
2026-04-10T07:02:38Z
Agent info
Ray Millman
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