Jeff Brick · CompassQuestions about this home? Call or text Jeff, 858-324-4448
$780,000

4286 51st St, San Diego, CA 92115

8Beds
8Baths
3,194Sq ft
1929Built

Listed by Richard J Spiering, Compass · 619-540-3483

Jeff Brick
Your agent for this homeJeff BrickREALTOR® · Compass · 2026 SDMLS President
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About this home

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

Remarks provided by the listing agent through SDMLS.

Home facts

Everything SDMLS reports for this home
$244Price per sq ft
NoneHOA dues
NoneMello-Roos / CFD
3Parking spaces
NoADU / guest unit
192997 years old
16Days on market

Interior

Bedrooms8
Bathrooms8 full
Living area3,194 sq ft
Levels2 Story

Heating, cooling & utilities

WaterPublic
SewerPublic Sewer

Exterior & lot

Lot size1-3,999 SF

Construction

Year built1929
ConditionUnder Construction

Parking

Other spaces3
Total spaces3

HOA, fees & community

HOA duesNone
Mello-Roos / CFDNone

Property & listing details

Home typeDetached
OwnershipFee Simple
ZoningRM-1-3
Parcel number (APN)472-161-25-00
NeighborhoodColina Park
Subdivision / tractCITY HEIGHTS
MLS areaMetro Uptown
CountySan Diego
Accepted financingCash, Conventional
Listed onOct 25, 2026
Original list price$780,000
Last price changeOct 25, 2026
Days on market16
MLS #260025739

Facts from San Diego MLS as reported by the listing agent. Deemed reliable but not guaranteed. Questions about any detail? Text Jeff.

Off-market · not on Zillow, Redfin or the MLS

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What it costs to own

Your estimated monthly cost

— / month
Principal & interest—
Property tax (1.251% a year)—
Home insurance (California average)—
HOA duesNone listed
Income needed (housing at 28% of gross pay)—
Down payment—
Property tax for the year—

Rate starts at the Freddie Mac 30-year average, week of November 5, 2026.

Rent vs. buy

Typical rent in 92115 is about $3,293/month. Owning this home runs about — more each month before tax benefits and equity.

Home values in 92115
+2%1 year
+21%5 years
+86%10 years

Estimates, not a loan quote. Tax uses the San Diego County City of San Diego rate on the list price; insurance is the California average policy; rent and value trends are Zillow indexes for the ZIP. Mortgage calculator · Cost to own in San Diego · Insurance and lending pros

This home vs. its market

Talmadge is a Seller's market

2.7 months of inventory for houses in October 2026. Under 3 months favors sellers, 3 to 6 is balanced, over 6 favors buyers.

$244Price per sq ft (area: $750, 67% below)
16 daysOn market (area median: 31 days)
$921,500Area median house price (+9% vs last year)
99%Of list price that sellers got

Area figures: San Diego MLS closed sales, October 2026, houses in ZIP 92115, compiled by Jeff Brick.

Similar homes nearby

Based on information from the San Diego Multiple Listing Service as of November 11, 2026 at 4:16 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Jeff Brick, REALTOR® · Compass · California DRE #02156850 · Report a listing error

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