5920 Streamview DR new Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92105
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2407674
HOA Y/N No
Year Built 1964
Lot Size 0.254 Acres
Property 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!
Location
State CA
County San Diego
Area 92105 - East San Diego
Zoning R-4 Multiple Residential
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Suburban
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Public Sewer
New Construction No
Others
Senior Community No
Tax ID 4727300100
Acceptable Financing Cash,Conventional,Cal Vet Loan,1031 Exchange,FHA 203(b),FHA 203(k),FHA,Fannie Mae,Freddie Mac,Government Loan,Submit,VA Loan
Listing Terms Cash,Conventional,Cal Vet Loan,1031 Exchange,FHA 203(b),FHA 203(k),FHA,Fannie Mae,Freddie Mac,Government Loan,Submit,VA Loan
Special Listing Condition Standard