5920 Streamview Drive

San Diego, CA 92105

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,854 Sqft
  • 11059
    Sqft(Lot)
$1,550,000

Description

Exceptional investment opportunity – fully occupied fourplex with approved plans for expansion! presenting 5920 streamview dr., a rare gem in san diego offering immediate cash flow and incredible value-add potential. this fourplex, built in 1964, features four 2-bedroom, 1-bathroom units with dens, each spanning 963 sq. ft., totaling 3,854 sq. ft. of rentable space. located in a highly desirable area near parks and schools, this property is perfect for investors seeking stability and growth. the property is fully occupied, generating a current monthly rental income of $9,900. with an annual gross income of $118,800, operating expenses of $23,296, and a net operating income (noi) of $95,504, the property boasts a solid 6% cap rate. but the potential doesn’t stop there. approved plans and permits are ready for transfer, allowing for the addition of four new units, creating a total of 8 units. the new plans include: two 4-bedroom 2-bathroom units (1,195 sq. ft. each) in a 2-story building. garage conversion into two adus: 1 two-bedroom, 1-bathroom unit (548.7 sq. ft.) 1 one-bedroom, 1-bathroom unit (405 sq. ft.) these additions could generate an additional $12,000–$14,000 in monthly income, bringing the total gross annual income to $262,800 and achieving a projected 8.5% cap rate post-construction. highlights: turnkey property: well-maintained with modern updates and good curb appeal. prime location: close to schools, parks, highways, and public transportation. growth potential: expansion plans add significant value and income potential. this is your chance to own a high-performing asset in one of san diego’s most sought-after rental markets. whether you’re looking to maintain strong cash flow or take advantage of the approved expansion opportunity, this property checks all the boxes for savvy investors. contact us today to request more details. don’t miss out on this outstanding investment!

  • Property Type

    Residential Income

  • County

    San Diego

  • Style

    Residential Income

  • AD ID

    48144377

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Water/Sewer

    • Sewer : Public Sewer

    Cooling Features

    • Air Conditioning

    Heating Source

    • Has Heating

    Fireplace

    • Has Fireplace: 0

  • Building Information

    • Year Built: 1964
    • Building Area Total: 3,854

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2539
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 11059

  • Listing Price Information

    • Original List Price: 1,550,000
    • Listing Contract Date: 2024-12-10

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4727300100

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Coming Soon
    • Source Neighborhood: 92105 - East San Diego
    • Directions: Use Navigation. Between College Ave and 54th St.
    • Zoning: R-4 Multiple Residential
    • Source Property Type: Residential Income
    • Area: 92105 - East San Diego
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 60
    • Common Walls: No Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 2
    • Entry Location: Side
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BuyOwner last updated this listing 12/24/2024 @ 13:48

  • MLS: PTP2407674
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 3,854 sqft, 11,059 sized lot, and 4 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of San Diego , in zip code 92105, this San Diego County Home are nearby neighborhoods.