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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

    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.

    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#: PTP2405788MLS LogoOriginating 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