About 4286 51st St
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
Features of 4286 51st St
| MLS® # | 260016590SD |
|---|---|
| Price | $875,000 |
| Bedrooms | 8 |
| Bathrooms | 8.00 |
| Full Baths | 8 |
| Square Footage | 3,194 |
| Acres | 0.00 |
| Year Built | 1929 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 4286 51st St |
|---|---|
| Area | 92115 - San Diego |
| Subdivision | City Heights |
| City | San Diego |
| County | San Diego |
| Zip Code | 92115 |
Amenities
| Parking Spaces | 3 |
|---|---|
| Parking | Driveway, Other |
| Garages | Driveway, Other |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | See Remarks |
|---|---|
| Heating | See Remarks |
| Cooling | See Remarks |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Other |
|---|---|
| Roof | See Remarks |
| Construction | Other |
Additional Information
| Date Listed | July 7th, 2026 |
|---|---|
| Days on Market | 81 |
| Zoning | RM-1-3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Richard Spiering |
|---|---|
| Office | Compass |