3754 Tennyson Street
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3754 Tennyson Street

D

San Diego, CA 92107

$1,649,000
NEW — 2d on market

Beds

3

Baths

2

Sqft

1,168

Year Built

1941

Days on Market

2

Property Type

Duplex

HOA/mo

N/A

MLS ID

TR26076439

This property is in San Diego (92107). View neighborhood stats →

About This Property

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.

Mortgage Calculator

Est. Monthly Payment

$10,468

Principal & Interest$8,338
Property Tax$1,649
Insurance$481
%($329,800)
%

Location

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Investment Score

1D
Est. Monthly Rent
$5,023
Monthly Cashflow

Rent − PITIA

$-5,445
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,975

Mortgage (P+I)
$8,338
Cap Rate
0.26%
Cash-on-Cash
-29.02%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.48
Break-even Rent
$15,380

NOI (Annual)
$4,363
Price-to-Rent

Lower = better for investors

27.4

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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