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.
- Heating System:
- Fireplace, Wall/Gravity
- Cooling System:
- N/K
- Fence:
- Full
- 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
- Office Name:
- Coldwell Banker West
- Agent Name:
- Lanz Correia
- Building Size:
- 2080
- Construction Materials:
- Stucco
- Levels:
- 2 Story
- Number Of Units Total:
- 2
- On Market Date:
- 2026-06-03
- Stories Total:
- 2
- 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
- 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