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… Read More 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! Read Less
Listing Snapshot
Days Online
19
Last Updated
Lot Size
0.13 Acres
Year Built
1941
MLS Number
260015216SD
Additional Details
Appliances & Equipment
TanklessWaterHeater
Building
Built in 1941, 3 buildings, 1 storey, Levels: One
Community
Park Name: 3754-56 Tennyson Street
Cooling
HeatPump, SeeRemarks, WallWindowUnits
Heating
Electric, ForcedAir, SeeRemarks
Home Owner's Association
Association Fee: $0
Lot
0.1284 acres
Pool
None
Taxes
Parcel Number: 4494610700, Zoning: R-4:MULTIP
Tenant Pays
SeeRemarks
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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