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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$1,695,000

Est. payment - /mo

8 Beds

4 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision City Heights

MLS Listing ID 260017038

Bedrooms 8

Full Baths 4

Year Built 1964

Property Sub-Type Res Income 2-4 Units

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 Metro Uptown

Interior

Heating Wall/Gravity

Cooling Wall/Window

Fireplace No

Exterior

Fence Other/Remarks

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 472-730-01-00

Acceptable Financing Cash, Conventional, VA

Listing Terms Cash, Conventional, VA

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

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Listed by George Bukes, DRE#01937149 Compass

Nearby School & Business

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

5920 Streamview Dr San Diego, CA 92105

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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