About 5635 Mildred Street
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.
Features of 5635 Mildred Street
| MLS® # | PTP2603397 |
|---|---|
| Price | $1,250,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 888 |
| Acres | 0.11 |
| Year Built | 1954 |
| Type | Residential |
| Sub-Type | Detached |
| Status | Active |
Community Information
| Address | 5635 Mildred Street |
|---|---|
| Area | OLD TOWN SD (92110) |
| County | San Diego |
| State | CA |
| Zip Code | 92110 |
Amenities
| Parking Spaces | 1 |
|---|---|
| # of Garages | 1 |
| View | Neighborhood |
| Is Waterfront | No |
| Has Pool | No |
| Pool | N/K |
Interior
| Cooling | N/K |
|---|---|
| Fireplace | No |
| Fireplaces | N/K |
| # of Stories | 1 |
| Stories | 1 Story |
Exterior
| Lot Description | Curbs |
|---|
School Information
| District | San Diego Unified School Distric |
|---|
Additional Information
| Date Listed | May 5th, 2026 |
|---|---|
| Days on Market | 102 |
| Zoning | R-4:Multip |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Gene Bowman Realty |
|---|