F
Seller's Agent in 2024
Frank McLin
Heartland Real Estate
(619) 464-3575
2 in this area
113 Total Sales
5280 Groveland Dr San Diego, CA 92114
Valencia Park Neighborhood
3
Beds
2
Baths
3,100
Sq Ft
8,558
Sq Ft Lot
Highlights
- Private Yard
- Laundry Room
- No Heating
- No HOA
About This Home
As of December 2024This 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.
Last Agent to Sell the Property
Heartland Real Estate Brokerage Email: frank@heartlandre.com License #00924501 Listed on: 09/20/2024
Last Buyer's Agent
Bill McKown
Santa Cruz Homes License #01259337
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 8,558 Sq Ft Lot
- Lot Dimensions are 59' x 144' x 60' x 144'
- Two or More Common Walls
- No Landscaping
- Private Yard
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 3,100 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
Location
- Urban Location
Utilities
- No Heating
- Sewer Paid
Listing and Financial Details
- Tax Lot 08001
- Assessor Parcel Number 5480523900
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $7,841
- Professional Management Expense $5,800
- Trash Expense $1,800
- Water Sewer Expense $3,600
- New Taxes Expense $13,000
- Operating Expense $42,000
- Gross Income $69,024
- Net Operating Income $41,000
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/03/2024 12/03/24 | Sold | $1,037,500 | -10.2% | $335 / Sq Ft |
| 10/30/2024 10/30/24 | Pending | -- | -- | -- |
| 09/20/2024 09/20/24 | For Sale | $1,155,000 | -- | $373 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Frank McLin
-
B
Buyer's Agent in 2024
Bill McKown
Santa Cruz Homes
-
Jeffrey Hein
Buyer's Agent in 2024
Jeffrey Hein
First Team Real Estate
(760) 753-2000
3 in this area
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PTP2405788
APN: 548-052-39-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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