For Sale at City Heights: 4286 51st St, San Diego, CA 92115. 8-bedroom 8-bath, 3194 sf, 1929 Colina Park $875,000 begin new search
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Overview

4286 51st Street is a shovel-ready 6-unit multifamily development opportunity positioned for immediate execution in a centrally located San Diego infill market. Just south of Talmadge and steps to Colina Park. With plans centered around an efficient mix of two-bedroom and one-bedroom residences with in unit laundry, the project is designed to deliver strong rentability, durable income, and multiple exit strategies for the next owner. The design is distinctive: a stepped roofline and high ceilings that gives each unit architectural identity. For builders, developers, and private investors seeking yield, basis control, and a defined path to stabilization, this project represents a compelling shovel-ready opportunity with economics that are easy to underwrite and a location positioned for long-term tenant demand. 9.42% project cap rate UNIT MIX 2 2bed 2 bath units and 3 1 bed 1 bath units 1 1 bed 1 bath affordable

Address 4286 51st St

San Diego, CA 92115
Listing Status ACTIVE
Asking Price $875,000
On Market Date $875,000 @ Jul 8, 2026
Listed / On-Market Entered Jul 8, 2026
Original Entry Jul 8, 2026
Property Condition Under Construction
Rooms
See Remarks
Square Footage 3194 sf
Bedrooms 8
Full Bathrooms 8
Location
Directions Cross Street: Trojan Ave.
Market Area 92115 - San Diego
Neighborhood Colina Park
Complex City Heights
School District Not Listed
Ownership
Age Restriction 0
Property Type
Mello-Roos Fee $0
HOA Fee $0
Listing History
Timeline Notes
Jul 8, 2026Listed for $875,000 #260016590SD
Public Records
County San Diego
Assessor Parcel# 4721612500
Zoning RM-1-3
Geographic Areas

Community College District: San Diego CC

School District: San Diego Unified

Zip Code: 92115

Highway Locator

East of I-15

East of I-5

South of I-8

East of I-805

East of SR-163

South of SR-52

Ocean Distance 7.5 miles
Exterior
Style Single Family Residence
Material Not Listed
Lot Size
Fencing Not Listed
Topography Not Listed
Roof See Remarks
Swimming Pool None
Parking
Other
Driveway
Total Spaces: 3
Garage Spaces: 0
Non-Garage Spaces: 0 - 3.00
View Not Listed
Features
Year Built 1929
Laundry Location See Remarks
Elevator Not Listed
Cooling See Remarks
Heating See Remarks
Fireplaces Not Listed (0)
Additional Parcels No
Appliances No
Assessments No
Association No
Association Fee 2 0
Attached Garage No
Below Grade Finished Area 0
Carport Spaces 0
Construction Materials Other
Cooling Yes
Eating Area See Remarks
Heating Yes
Land Lease No
Laundry Yes
Levels Two
Living Area Source Plans
Lot Size Source Assessor
Main Level Bathrooms 0
Main Level Bedrooms 0
New Construction No
Number Of Units Total 0
Number Remotes 0
Parking Yes
Patio No
Pool Private No
Property Attached No
Sprinklers No
View No
Well Depth 0
Well Gallons Per Minute 0
Well Pump Horsepower 0
Well Report No
Monthly Payment Calculator
Property Tax estimate of 1% of listing price does not include local voter-approved bonds/assessments, supplemental taxes for new construction or ownership changes, extra local fees, etc.
Listing Source
Platform CRMLS
AOR San Diego
MLS Number 260016590SD
Courtesy of Compass
Listing Agent Richard Spiering & Knute Brookshier
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