Property Description

Opportunity Knocks! Exceptional investment and development opportunity in a highly sought-after location just a short walk to USD. This unique property features two spacious 3-bedroom, 2-bath condos situated toward the rear of the lot, creating immediate rental income while preserving future development potential. The existing improvements offer flexibility for investors, developers, and owner-users alike. Continue generating income from the current units while exploring opportunities to maximize the property’s highest and best use. The positioning of the buildings on the lot may provide additional development options, making this an ideal hold-and-develop asset. The garages present potential conversion opportunities or possible ADU configurations, subject to buyer verification and city approval. Located in one of San Diego’s strongest rental markets, the property benefits from close proximity to USD, Mission Bay, beaches, shopping, dining, major employment centers, and convenient freeway access. Demand for housing in this area remains consistently strong, making this an attractive opportunity for both short- and long-term investors. Whether you’re looking to generate cash flow today, add value through improvements, or pursue future development, this property offers a rare combination of location, income, and upside potential. See attached Development Opportunity Analysis for additional information regarding possible future uses and development scenarios. Buyer to verify all information.

Features
Heating System:
Fireplace, Wall/Gravity
Cooling System:
N/K
Fence:
Full
Address Map
Country:
US
State:
CA
County:
SD
City:
San Diego
Community:
SAN DIEGO
Zipcode:
92110
Street:
Lauretta St Apt A &B
Street Number:
5419
Longitude:
W118° 48' 20''
Latitude:
N32° 45' 59.6''
Directions:
Linda Vista Turn at Mildred, Right on Azusa then Right on Lauretta to property. Friars Rd, North on Colusa to Lauretta go left.
Mls Area Major:
Metro
Zoning:
R-3-7
Additional Info
Office Name:
Coldwell Banker West
Agent Name:
Lanz Correia
Additional Information
Building Size:
2080
Construction Materials:
Stucco
Levels:
2 Story
Number Of Units Total:
2
On Market Date:
2026-06-03
Stories Total:
2
Listing Information
List Agent Mls Id:
653465
List Office Mls Id:
992200
Listing Term:
Cash,Conventional
Mls Status:
ACTIVE
Modification Timestamp:
2026-06-03T19:45:00Z
Originating System Name:
SDMLS
Special Listing Conditions:
N/K

Residential Income

5419 Lauretta St Apt A &b, San Diego, CA 92110

6 Bedrooms
4 Bathrooms
$1,999,000
Listing ID #260013430
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
260013430
Price :
$1,999,000
Bedrooms :
6
Bathrooms :
4
Year Built :
1975
Status :
Active
Full Bathrooms :
4
Property Sub Type :
Res Income 2-4 Units
Roof:
Rolled/Hot Mop
Contact Agent
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