5920 Streamview Drive
San Diego, CA 92105
- – beds
- – baths
- – sqft
- 11,059 sqft lot
- 1964 build
- – on site
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 almost ready and could be transferred for an additional $150,000, 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!
Last checked:
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Last updated Dec 28, 2024
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MLS# PTP2407674 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1964
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:3854.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:1
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Stories Total:2
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Entry Level:2
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Common Walls:No Common Walls
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# of Separate Gas Meters:4
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# of Separate Water Meters:4
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# of Separate Electric Meters:4
Interior
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Entry Location:Side
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Number Wall AC:4
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Fireplace:No
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Laundry:None
Location
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Directions:Use Navigation. Between College Ave and 54th St.
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Latitude:32.74494600
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Longitude:-117.06857300
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:R-4 Multiple Residential
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Lot Features:Lot 10000-19999 Sqft
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Lot Size Area:11059.0000
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Lot Size Acres:0.2539
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Lot Size SqFt:11059.00
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Lot Size Source:Assessor
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Fence:No
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:27.032
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Tax Lot:08269
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4727300100
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Showings Begin:2024-12-24
Heating & Cooling
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Cooling:No
Utilities
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Sewer:Public Sewer
Appliances
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Included:No
The Community
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Neighborhood:Redwood Village
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Features:Suburban
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:Yes
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Assessments:Buyer to Verify
Parking
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Parking:No
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Parking Spaces:4.00
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Garage Spaces:4.00
Extra Units
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Number With Disposal:4
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Number With Dishwasher:4
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Number With Refrigerator:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/24/24
Dec 24, 2024
|
Listed / Active | CRMLS_CA | $1,550,000 | 22.5% (13.8% / YR) |
|
5/8/23
May 8, 2023
|
CRMLS_CA | $1,265,000 | 1.2% | |
|
3/9/23
Mar 9, 2023
|
CRMLS_CA | $1,250,000 |
