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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 |
| Square Footage | 3194 sf |
| Bedrooms | 8 |
| Full Bathrooms | 8 |
| Directions | Cross Street: Trojan Ave. |
| Market Area | 92115 - San Diego |
| Neighborhood | Colina Park |
| Complex | City Heights |
| School District | Not Listed |
| Age Restriction | 0 |
| Property Type | |
| Mello-Roos Fee | $0 |
| HOA Fee | $0 |
| Timeline | Notes |
|---|---|
| Jul 8, 2026 | Listed for $875,000 #260016590SD |
| County | San Diego |
| Assessor Parcel# | 4721612500 |
| Zoning | RM-1-3 |
| Geographic Areas |
Community College District: San Diego CC |
| 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 |
| 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 |
| 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 |
| Platform | CRMLS |
| AOR | San Diego |
| MLS Number | 260016590SD |
| Courtesy of | Compass |
| Listing Agent | Richard Spiering & Knute Brookshier |
https://www.californiatophomes.com/260016590SD
| Address | Unit | List Price | Status |
|---|---|---|---|
| 4240 Menlo Ave | 19 | $338,000 | Active |