Residential Income For Sale – – – – Price $1,550,000 – PTP2407674
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 doesnt 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 potenti

Address Map
California
San Diego
San Diego
92105
Streamview Drive
5920
W118° 55' 53''
N32° 44' 41.5''
Neighborhood
Neighborhood
Additional Information
19
Assessor
Khalid
Yarash
CA-RES
$0
$0
$0
$0
$0
$0
$0
1-3,999 sf
Redwood Village
Borrego springs
Fallbrook union elementary distr
Fallbrook union elementary distr
Fallbrook union high school dist
2

Residential Income For Sale

5920 Streamview Drive, San Diego, California 92105

11,059 Sqft
$1,550,000
Listing ID #PTP2407674
Basic Details
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 doesnt 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 potenti

Status : Active
Property Type : Residential Income
Listing Type : For Sale
Listing ID : PTP2407674
Price : $1,550,000
Lot Sq Ft : 11,059 Sqft
Style : Res income 2-4 units
Unit 1 # Bedrooms : 2
Unit 2 # Bedrooms : 2
Unit 3 # Bedrooms : 2
Unit 4 # Bedrooms : 2
Unit 1 # Total Baths : 1
Unit 2 # Total Baths : 1
Unit 3 # Total Baths : 1
Unit 4 # Total Baths : 1
Agent info
Berkshire Hathaway HomeServices California Properties
6027 Paseo Delicias, Rancho Santa Fe, CA 92067
Contact Agent
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