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
Property Details
Price:
$875,000
MLS #:
260016590SD
Status:
Active
Beds:
8
Baths:
8
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
City Heights
Neighborhood:
92115sandiego
Listed Date:
Jul 8, 2026
Finished Sq Ft:
3,194
Year Built:
1929
See this Listing
Schools
Interior
Bathrooms
8 Full Bathrooms
Cooling
SEE
Heating
SEE
Laundry Features
SEE
Levels
U
Exterior
Construction Materials
OTH
Parking Spots
3
Parking Total
3
Roof
SEE
Financial
Map
Community
- Address4286 51st St San Diego CA
- SubdivisionCity Heights
- CitySan Diego
- CountySan Diego
- Zip Code92115
Subdivisions in San Diego
- Bay Park
- BP
- Carmel Mountain Ranch
- Carmel Valley
- Casa Dorado 32501
- CAV
- CH
- Chula Vista
- City Heights
- Civita CIVI
- Clairemont
- CLM
- College Grove
- Crown Point
- Del Cerro
- Downtown
- Downtown Area DOWN
- DWTN
- East San Diego
- Encanto
- ENCTO
- Escala ESCL
- Hillcrest
- Imperial Beach
- Kearny Mesa
- Kensington
- La Jolla
- La Mesa
- Linda Vista
- Logan Heights
- LV
- Middletown
- Mira Mesa
- Mirador MIRD
- Mirasol MIR
- Mission Beach
- Mission Hills
- Mission Valley
- Mission Village
- Mount Helix
- Normal Heights
- North Park
- NP
- Ocean Beach
- Old Town
- Pacific Beach
- Paradise Hills
- Park Villas PKVL
- Park Vista PV
- Point Loma
- Poway
- Rancho Bernardo
- Rancho Pacifica 1 261701
- Rancho Penasquitos
- Rancho Santa Fe
- Sabre Spr
- San Carlos
- San Diego
- San Ysidro
- SANT
- Santaluz
- Scripps Ranch
- SD
- Serra Mesa
- Smoke Tree SMTR
- South Sd
- Stonebridge 3700
- Talmadge
- The Lakes LK
- Tierrasanta
- Torrey Highlands
- University City
- University Heights
- Villa Portofino 32283
- Woodcrest WT
Market Summary
Current real estate data for Single Family in San Diego as of Jul 23, 2026
2,050
Single Family Listed
70
Avg DOM
589
Avg $ / SqFt
$1,268,395
Avg List Price
Property Summary
- Located in the City Heights subdivision, 4286 51st St San Diego CA is a Single Family for sale in San Diego, CA, 92115. It is listed for $875,000 and features 8 beds, 8 baths, and has approximately 3,194 square feet of living space, and was originally constructed in 1929. The current price per square foot is $274. The average price per square foot for Single Family listings in San Diego is $589. The average listing price for Single Family in San Diego is $1,268,395.
Similar Listings Nearby
4286 51st St
San Diego, CA


