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.
| MLS # | PTP2603397 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 127 |
| Listing Provided By | Gene Bowman Realty | Christian Ballow |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 888 |
| Garage | 1 |
| Story(s) | 1 |
| Zoning | R-4:Multiple Residential |
| Acreage | 0.11 |
| Property View | Yes |
| Cooling | None |
|---|---|
| Heating Yes / No | No |
| Cooling Yes / No | No |
| Interior Features | All Bedrooms Down |
| Fireplace Yes / No | No |
| Lot Features | Zero To One Unit Acre |
|---|
| Attached Garage Yes / No | Yes |
|---|---|
| Garage Yes / No | Yes |
| Sewer | Public Sewer |
|---|
| Community Features | Curbs |
|---|
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92110 |
| Area | 92110 Old Town Sd |
| Listing VS Median (in 92110) | |
Price: $1,250,000 low | high Med: $1,572,500 sqft: 888 low | high Med: 3,207 $ / sqft: $1,408 low | high Med: $492 On site: 127 low | high Med: 131.5 | |
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92110 |
| Area | 92110 Old Town Sd |
| Listing VS Median (in 92110) | |
Price: $1,250,000 low | high Med: $1,572,500 sqft: 888 low | high Med: 3,207 $ / sqft: $1,408 low | high Med: $492 On site: 127 low | high Med: 131.5 | |