4286 51st St
San Diego, CA 92115
$780,000
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
| Listing Id: | 260025739 |
|---|---|
| List Price: | $780,000 |
| Property Type: | Residential |
| Property Sub Type: | Detached |
| Status: | Active |
| Bedrooms Total: | 8 |
| Bathrooms Full: | 8 |
| Living Area: | 3,194 |
| Association Fee: | $0 |
| Waterfront?: | No |
| City: | San Diego |
| County Or Parish: | San Diego |
| Subdivision Name: | City Heights |
| Postal Code: | 92115 |
| Year Built: | 1929 |
| Appliances: | Other/Remarks |
| Basement: | false |
| Bathrooms Total Integer: | 8 |
| Building Area Total: | 3,194.0 |
| Building Area Units: | Sqft |
| Feed Types: | IDX |
| Construction Materials: | Other/Remarks |
| Cooling: | Other/Remarks |
| Fencing: | Other/Remarks |
| Heating: | Other/Remarks |
| Laundry Features: | Other/Remarks |
| Levels: | 2 Story |
| Living Area Units: | Sqft |
| Lot Size Units: | Acres |
| MLS Area Major: | Metro Uptown |
| Parcel Number: | 472-161-25-00 |
| Parking Features: | None Known |
| Photos Change Timestamp: | 2026-10-27T03:43:53Z |
| Pool Features: | N/K |
| Roof: | Other/Remarks |
| Sewer: | Public Sewer |
| Special Listing Conditions: | N/K |
| State Or Province: | CA |
| Stories Total: | 2 |
| Water Source: | Public |
| Zoning: | RM-1-3 |
| Sdmls Neighborhood: | Colina Park |
| Sdmls Area Zip: | SAN DIEGO (92115) |
| Sdmls Lvt Date: | 2026-10-26 |
| Original List Price: | $780,000 |
| Sale Or Rent: | For Sale |
| Sdmls Status Detail: | 0 |
| Heat Source: | Other/Remarks |
| Property Condition: | Under Construction |
| Restrictions: | None Known |
| Listing Terms: | Cash, Conventional |
| Sdmls Internet Address: | 4286 51st St |
| Sdmls Max Search Price: | 780,000 |
| Parking Total: | 3 |
| Sdmls Geo Update Timestamp: | 2026-10-27T03:43:53.1 |
| Sdmls Full Address: | 4286 51st St |
| Sdmls Pp Insta: | https://www.propertypanorama.com/instaview/snd/260025739 |
| Showing Requirements: | Drive By Only |
| Sdmls Parking Non Garaged: | 3.0 |
| Bedrooms Possible: | 8 |
| Sdmls Lot Size: | 1-3, 999 SF |
| On Market Date: | 2026-10-26 |
Listing Courtesy of: Compass
Listing Agent: Richard Spiering
619-540-3483
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© 2026 San Diego MLS.
San Diego MLS data last updated on October 27, 2026 12:14 AM - PT.
Property Last Updated: October 27, 2026 12:14 AM - PT
