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Angel Ramirez

angel@ramirezrealtygroup.com +1(619) 818-4318

$ 1,695,000

Est. payment | -/mo

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$ 1,695,000

Est. payment | -/mo

Save Virtual Tour

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision City Heights

MLS Listing ID 260017038SD

HOA Y/N No

Year Built 1964

Property Description

Exceptional value-add investment opportunity with tremendous upside! This income-producing four-unit property features four spacious 2-bedroom, 1-bath units, each with an additional den/flex room, situated on an approximately 11,090 SF RM-2-5 zoned lot. The property offers immediate rental income along with a rare opportunity to significantly increase future cash flow through a proposed ADU expansion that is nearing final approval with the City of San Diego. Currently offering approximately 3,854 square feet of rentable living space, the seller has invested substantial time and expense into architectural plans for the proposed conversion of the existing 4-car garage into two ADUs (approximately 405 SF and 549 SF), along with two new attached ADUs of approximately 1,195 SF each. Upon completion, the proposed expansion would increase the property to nearly 7,200 square feet of total rentable living space, creating the potential for a total of eight residential units and providing a tremendous head start for the next owner to capitalize on the property's long-term income potential. Ideally located just minutes from San Diego State University, this centrally located property offers outstanding convenience for both tenants and investors. Whether you're looking to capitalize on the existing income or unlock the property's full development potential, 5920 Stream View Drive presents a rare opportunity to acquire a high-upside multifamily asset in one of San Diego's strongest rental markets.

Location

State CA

County San Diego

Area 92105 - East San Diego

Building/Complex Name Streamview

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 4727300100

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

Virtual Tour https://www.zillow.com/view-imx/87f89a52-d09f-431c-9a16-0c74678c29a2/

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Listed by George Bukes Compass #01937149

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 818-4318

angel@ramirezrealtygroup.com

310 Third Ave Suite # C-3, Chula Vista, California 91910, United States

5920 Streamview Dr San Diego, CA 92105

Angel Ramirez

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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5920 Streamview Dr