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.
For sale
Listed by: Gene Bowman Realty • Christian Ballow • Contact: Christian@genebowman.com
Price cut: $145K (7/16)
$1,250,000
5635 Mildred St, San Diego, CA 92110
2beds
888sqft
Single Family Residence
Built in 1954
4,946 Square Feet Lot
$1,217,500 Zestimate®
$1,408/sqft
$-- HOA
What's special
- 127 days
- 258
- 6
Zillow last checked:
Listing updated:
Listed by:
Christian Ballow DRE #02046669 Christian@genebowman.com,
Gene Bowman Realty
Source: CRMLS,MLS#: PTP2603397
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Down
Cooling
- None
Appliances
- Laundry: In Kitchen
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 888 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: Front Door
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 4,946 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 4363850500
- Zoning: R-4:Multiple Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Curbs
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $1,408/sqft
- Tax assessed value: $972,774
- Date on market: 5/5/2026
- Cumulative days on market: 127 days
- Listing terms: Conventional
Estimated market value
$1,217,500
$1.16M - $1.28M
$2,992/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Price change | $1,250,000-10.4%$1,408/sqft |
Source:  CRMLS #PTP2603397 Report a problem | ||
| 5/5/2026 | Listed for sale | $1,395,000+49.2%$1,571/sqft |
Source: CRMLS #PTP2603397 Report a problem | ||
| 12/22/2025 | Listing removed | $3,200$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/20/2025 | Listed for rent | $3,200$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/19/2025 | Listing removed | $3,200$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/12/2025 | Price change | $3,200-1.5%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/25/2025 | Price change | $3,250-1.5%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/6/2025 | Listed for rent | $3,300-2.8%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/6/2025 | Listing removed | $3,395$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/31/2025 | Price change | $3,395-1.6%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/10/2025 | Price change | $3,450-4.2%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/30/2025 | Listed for rent | $3,600+9.1%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/21/2025 | Listing removed | $3,300$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/22/2025 | Listed for rent | $3,300$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/25/2025 | Listing removed | $3,300$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/21/2025 | Price change | $3,300-1.5%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/13/2025 | Price change | $3,350-1.5%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/4/2025 | Price change | $3,400-1.4%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/15/2025 | Listed for rent | $3,450$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/9/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/22/2024 | Listed for rent | $3,450+102.9%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/20/2023 | Sold | $935,000+1.1%$1,053/sqft |
Source:  SDMLS #230018685 Report a problem | ||
| 10/10/2023 | Pending sale | $925,000$1,042/sqft |
Source: SDMLS #230018685 Report a problem | ||
| 9/23/2023 | Listed for sale | $925,000$1,042/sqft |
Source: SDMLS #230018685 Report a problem | ||
| 5/21/2016 | Listing removed | $1,700+6.3%$2/sqft |
Source: Trident Pacific Real Estate Report a problem | ||
| 1/18/2012 | Listing removed | $1,600$2/sqft |
Source: Trident Pacific Real Estate Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $972,774 +2% |
| 2025 | $12,511 +8.5% | $953,700 +2% |
| 2024 | $11,535 +1821.6% | $935,000 +1987.5% |
| 2023 | $600 +2.8% | $44,790 +2% |
| 2022 | $584 +1% | $43,913 +2% |
| 2021 | $578 +1.5% | $43,053 +1% |
| 2020 | $570 +10.7% | $42,613 +2% |
| 2019 | $515 -2% | $41,778 +2% |
| 2018 | $525 +2.4% | $40,960 +2% |
| 2017 | $513 +2.3% | $40,158 +2% |
| 2016 | $501 +1.4% | $39,371 +1.5% |
| 2015 | $495 +1.3% | $38,780 +2% |
| 2014 | $488 | $38,022 +0.5% |
| 2013 | -- | $37,851 +2% |
| 2012 | -- | $37,110 +2% |
| 2011 | -- | $36,384 +0.8% |
| 2010 | -- | $36,113 -0.2% |
| 2009 | -- | $36,200 +2% |
| 2008 | -- | $35,491 +2% |
| 2007 | -- | $34,796 +2% |
| 2006 | -- | $34,114 +2% |
| 2005 | -- | $33,446 +2% |
| 2004 | -- | $32,791 +1.9% |
| 2003 | -- | $32,191 +2% |
| 2002 | -- | $31,561 +2% |
| 2001 | -- | $30,943 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Morena
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