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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.
Property Type(s):
Single Family
| Last Updated | 4/10/2026 | Tract | Ocean Beach |
|---|---|---|---|
| Year Built | 1941 | Community | 92107 - Ocean Beach |
| County | San Diego |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Freezer, Gas Cooktop, Microwave, Refrigerator, Washer |
| AREA | 92107 - Ocean Beach |
| CONSTRUCTION | Adobe, Frame |
| HEAT | Central |
| INTERIOR | Ceiling Fan(s), Eat-in Kitchen, Laminate Counters, Open Floorplan, Recessed Lighting, Tile Counters |
| LOT | 5602 sq ft |
| LOT DESCRIPTION | Back Yard, Cul-De-Sac, Front Yard |
| LOT DIMENSIONS | 5602 |
| PARKING | Concrete, Driveway, Off Street, Paved, Private |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Bungalow, Cottage, MidCenturyModern |
| SUBDIVISION | Ocean Beach |
| UTILITIES | Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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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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