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Bobby And Michelle Schaffer

sold@legacyhouserealty.com +1(951) 533-7744

$ 1,500,000

Est. payment | -/mo

5,593 Sqft Lot

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$ 1,500,000

Est. payment | -/mo

Save Virtual Tour

5,593 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Subdivision Ocean Beach

MLS Listing ID 260015216SD

HOA Y/N No

Year Built 1941

Lot Size 5,593 Sqft

Property Description

The investment opportunity you dream about! 3754-56 Tennyson offers Ocean Beach Owners/Users/Investors and Developers the ultimate in opportunity, ease, and flexibility. Two existing detached units currently cash-flowing as short-term rentals AND being sold with fully approved, Ready-to-Issue (RTI) plans in-hand to build into a 9-unit project. The approved plans are to retain the 2bed/1bath detached front house and build 8 new 1BR/1BA, (~449–475 s.f. each) ADUs across four 2-story duplex buildings. Completion will feature 9 dwelling units totaling 4,730 s.f. of living space (new construction 3,924 s.f.). No waiting, no entitlement risk! Buyers can pull permits and start construction with no further city approvals needed - just the issuance fees. This property is also ideal for live-in buyers, Short-Term-Rental enthusiasts, and 1031 Exchangers! Operating as a licensed short-term rental, this property is ready for short- or long-term tenancy from day one. The front house is a charming 2-bed, 1-bath single-family home spanning 806 s.f. It boasts recent upgrades, including a new roof in 2025, upgraded windows, washer/dryer, and a modern AC/heating system installed in 2024. The second unit is a detached 1-bed, 1-bath home with 360 s.f. of living space built in 2020 - also with its own in-unit laundry, full kitchen, and dedicated parking area. As a bonus, it features a separate detached insulated structure (under 100 square feet) built in 2024, ideal for use as an office or game room, complete with its own AC/heating system. The lot is spacious enough that each of the units enjoys plenty of yard space to live the true Southern California lifestyle. Right in the middle of everything the Ocean Beach and Point Loma scene has to offer, do not miss this opportunity for a premium property with so much potential!

Location

State CA

County San Diego

Area 92107 - Ocean Beach

Building/Complex Name 3754-56 Tennyson Street

Zoning R-4:MULTIP

Interior

Heating Electric, Forced Air, See Remarks

Cooling Heat Pump, See Remarks, Wall/Window Unit(s)

Fireplace No

Appliance Tankless Water Heater

Exterior

Pool None

View Y/N Yes

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 4494610700

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://ranchophotos.com/mls/3754-tennyson-st/

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Listed by Adam Renick Coldwell Banker West #01979227

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(951) 533-7744

sold@legacyhouserealty.com

Temecula , California, 92592, USA

3754 56 Tennyson St San Diego, CA 92107

Bobby And Michelle Schaffer

Key Details

Location

Interior

Exterior

Building

Others

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3754 56 Tennyson St