4286 51st St San Diego, CA — $875,000

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4286 51st St | San Diego (92115) Colina Park

$875,000 | 8 Beds | 8 Baths (8 Full) | 3,194 Sq. Ft.

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 CRMLS 260016590

Directions to property: Cross Street: Trojan Ave.

MLS Listing ID: 
CRMLS 260016590
Purchase
Community Information
Subdivision: 
City Heights
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1929
New Construction: 
0
Living Area: 
3,194
Construction
Construction Materials: 
Other
Roof: 
See Remarks
Room Details
Details about the rooms in the building.
Total Bedrooms: 
8
Total Bathrooms: 
8
Total Full-Bathrooms: 
8
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
See Remarks
Cooling System: 
See Remarks
Water Source: 
Public
Lot Features
Parking Type: 
Other, Driveway
Garage: 
0
Pool: 
None
Public Record
Parcel Number: 
4721612500
Listing Dates
Dates involved in the transaction.
Listing Date/Time: 
7/7/2026
Listing Entry Date/Time: 
7/8/2026
Status Change Date/Time: 
7/7/2026
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Richard Spiering
Listing Co-Agent Name: 
Knute Brookshier
Listing Office Name: 
Compass
Listing Co-Office Name: 
Compass

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