This four-unit apartment building in the Valencia Park area of San Diego presents an excellent investment opportunity. The complex includes: Two 2-bedroom, 1-bath units One 3-bedroom, 1.5-bath unit One 1-bedroom, 1-bath unit Key features in this well-maintained property include ample off-street parking and a location proximate to shopping, schools, parks, freeways and trolley adding to convenience for tenants. Benefit from the ongoing neighborhood revitalization and new development projects, the area is experiencing positive growth, driving up demand and rental prices. This is a prime opportunity to invest in a changing market and capitalize on increasing property values. Significant upside in rents possible as tenants are long term.
Sold for $1,037,500 on 12/03/24
Listing Provided by:
Frank McLin DRE #00924501 frank@heartlandre.com,
Heartland Real Estate
$1,037,500
5280 Groveland Dr, San Diego, CA 92114
--beds
--baths
3,100sqft
Multi Family
Built in 1972
-- sqft lot
$1,228,800 Zestimate®
$335/sqft
$3,548 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: December 04, 2024 at 09:10pm
Listing Provided by:
Frank McLin DRE #00924501 frank@heartlandre.com,
Heartland Real Estate
Bought with:
Jeffrey Hein, DRE #01232396
Premiere Real Estate
Source: CRMLS,MLS#: PTP2405788
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

Facts & features
Interior
Appliances
- Laundry: Common Area
Features
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,100
- Total interior livable area: 3,100 sqft
Property
Parking
- Total spaces: 5
- Uncovered spaces: 5
Features
- Levels: Two
- Stories: 2
- Entry location: Living Room
- Pool features: None
Lot
- Size: 8,558 sqft
- Dimensions: 59' x 144' x 60' x 144'
- Features: No Landscaping, Yard
Details
- Parcel number: 5480523900
- Zoning: R-2:Minor Multiple
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer, Sewer Tap Paid
Community & neighborhood
Community
- Community features: Curbs, Sidewalks, Urban
Location
- Region: San Diego
HOA & financial
Other financial information
- Total actual rent: 5743
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
Services availability
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Estimated market value
$1,228,800