5920 Streamview Drive
San Diego, CA 92105
- 8 beds
- – baths
- 3,854 sqft
- 11,059 sqft lot
- $402 per sqft
- 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
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Last updated Jan 17, 2025
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MLS# CRPTP2407674 —
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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Building Area Units:Square Feet
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Building Area Total:3854
Room Dimensions
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Living Area:3854
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Living Area Units:Square Feet
Location
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Directions:Use Navigation. Between College Ave and 54th St.
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Parcel Number:4727300100
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Zoning:R-4
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Lot Size Area:0.25
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Lot Size Acres:0.25
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Lot Size SqFt:11059
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Lot Size Units:Acres
Listing Agent
- Contact info:
- Agent phone:
- (760) 290-1115
Beds
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Bedrooms Total:8
The Listing
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Listing Terms:Cash
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/crmls/PTP2407674
Appliances
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Laundry Features:No Hookups
The Community
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Association:false
Parking
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Parking Total: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 | BRIDGE | $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 |
