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5635 Mildred Street is a rare dual-opportunity asset in Bay Park — a fully renovated, income-producing home on an R-4 zoned lot with a nearly approved 8-unit multifamily development already. The next owner builds — they don't start over. The location is irreplaceable. A few blocks from USD in one of San Diego's most centrally positioned and supply-constrained rental corridors. Minutes to Mission Valley, Fashion Valley, Riverwalk, and the transformative Riverwalk Transit Village. Direct access to the I-8 and SR-163. Student and professional rental demand here is very strong. The existing home is fully renovated and tenant-occupied, generating income while entitlements finalize. Luxury vinyl plank floors, updated kitchen with stainless appliances, and spa-quality bathrooms with navy shaker vanities, quartz countertops, and large-format tile. Drought-tolerant landscaping, large flat fully fenced rear yard, and detached garage. Hold it. Lease it. Build 8 units.
| Address |
5635 Mildred Street
San Diego, CA 92110 |
| Listing Status | Active |
| Asking Price | $1,395,000 |
| Original Listing | $1,395,000 @ 2026-05-05 |
| Square Footage | 888 sf |
| Bedrooms | 2 |
| Full Bathrooms | 1 |
| Directions | From the 8 Freeway: Exit Hotel Circle, head north on Hotel Circle North, merge onto Linda Vista Road heading west, turn left on Mildred Street. |
| Market Area | 92110 - Old Town Sd |
| School District | Not Listed |
| Age Restriction | 0 |
| Property Type | |
| Mello-Roos Fee | $0 |
| HOA Fee | $0 |
| HOA Features | Curbs |
| County | San Diego |
| Assessor Parcel# | 4363850500 |
| Zoning | R-4:Multiple Residential |
| Geographic Areas |
Community College District: San Diego CC |
| Highway Locator |
West of I-15 East of I-5 North of I-8 West of I-805 West of SR-163 South of SR-52 South of SR-56 South of SR-78 |
| Ocean Distance | 3.6 miles |
| Style | Single Family Residence |
| Material | Not Listed |
| Lot Size | ~ 4,946 sf |
| Fencing | Not Listed |
| Topography | Not Listed |
| Entry Steps | 1 |
| Swimming Pool | None |
| Exclusive Yard | 0 |
| Parking |
Total Spaces: 1
Garage Spaces: 1
Non-Garage Spaces:
0 -
|
| View | Neighborhood |
| Year Built | 1954 |
| Laundry Location | In Kitchen |
| Elevator | Not Listed |
| Cooling | None |
| Heating | |
| Sewer/Septic | Public Sewer |
| Fireplaces | None (0) |
| Additional Parcels | No |
| Appliances | No |
| Assessments | Yes |
| Association | No |
| Association Fee 2 | 0 |
| Attached Garage | Yes |
| Below Grade Finished Area | 0 |
| Carport Spaces | 0 |
| Common Walls | No Common Walls |
| Cooling | No |
| Entry Location | Front Door |
| Heating | No |
| High School District | San Diego Unified |
| Land Lease | No |
| Laundry | Yes |
| Levels | One |
| Living Area Source | Public Records |
| Living Area Units | Square Feet |
| Lot Features | 0-1 Unit/Acre |
| Lot Size Source | Public Records |
| Lot Size Units | Square Feet |
| Main Level Bathrooms | 0 |
| Main Level Bedrooms | 0 |
| New Construction | No |
| Number Of Units Total | 0 |
| Number Remotes | 0 |
| Parking | No |
| Patio | No |
| Pool Private | No |
| Property Attached | No |
| Sprinklers | No |
| Tax Model | |
| View | Yes |
| Well Depth | 0 |
| Well Gallons Per Minute | 0 |
| Well Pump Horsepower | 0 |
| Well Report | No |
| Platform | CRMLS |
| AOR | Pacific Southwest |
| MLS Number | PTP2603397 |
| Courtesy of | Gene Bowman Realty |
| Listing Agent |
Christian
Ballow
Christian@genebowman.com |
https://www.californiatophomes.com/PTP2603397