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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!
Property Type(s):
Residential Income
| Last Updated | 6/23/2026 | Tract | Ocean Beach |
|---|---|---|---|
| Year Built | 1941 | Community | 92107 - Ocean Beach |
| County | San Diego |
Additional Details
| AIR | Heat Pump, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Tankless Water Heater |
| AREA | 92107 - Ocean Beach |
| HEAT | Electric, Forced Air, See Remarks |
| LOT | 5593 sq ft |
| LOT DIMENSIONS | 5595 |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| SUBDIVISION | Ocean Beach |
| VIEW | Yes |
Location
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Listed with Coldwell Banker West
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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