5635 Mildred Street is a rare dual-opportunity asset in Bay Park — a fully renovated, income-producing home on an R-4 zoned lot with a nearly approved 8-unit multifamily development already. The next owner builds — they don't start over. The location is irreplaceable. A few blocks from USD in one of San Diego's most centrally positioned and supply-constrained rental corridors. Minutes to Mission Valley, Fashion Valley, Riverwalk, and the transformative Riverwalk Transit Village. Direct access to the I-8 and SR-163. Student and professional rental demand here is very strong. The existing home is fully renovated and tenant-occupied, generating income while entitlements finalize. Luxury vinyl plank floors, updated kitchen with stainless appliances, and spa-quality bathrooms with navy shaker vanities, quartz countertops, and large-format tile. Drought-tolerant landscaping, large flat fully fenced rear yard, and detached garage. Hold it. Lease it. Build 8 units.
Bedrooms
2
Bathrooms
1
Square Feet
888
Lot Size
4,946 sqft
Year Built
1954
Property Type
Single Family Residence
Days on Market
72
HOA Fee
N/A
Garage Total
1
MLS #
PTP2603397
Interior Features
All Bedrooms Down
Laundry
In Kitchen
Total Parking Spaces
1
Garage Spaces
1
Attached Garage
Yes
Lot Features
Zero To One Unit Acre
Sewer
Public Sewer
Curbs
$0
| Rating | School Name |
|---|---|
N/A | Hope Infant-Toddler Special Education Middle School |
N/A | San Diego County Special Education Elementary School |
N/A | San Diego County Rop Middle School |
1 | San Diego County Community High School |
1 | Twain High High School |
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Based on price, location, and features