NOT LISTED FOR SALE

5337 Groveland Dr San Diego, CA 92114

Valencia Park Neighborhood
8 Beds
4 Baths
3,289 Sq Ft
0.28 Acres

Last Sold April 16, 2019

Last sale price $773,000 $235 Per Sq Ft

139 Days on Market

Highlights

  • Laundry Facilities
  • Partially Fenced Property
  • Level Lot

About This Home

As of April 2019

Calling all investors! Rare opportunity! These units are a low risk, perfect work horse to add to any portfolio or for a new 1st time investor. Always easy to rent and zero vacancies in over 2 years! Complex is not on a super busy noisy street. Coin laundry room for extra $. Two off street parking for each unit, added storage closets, and more! CAP NOT PROJECTED! This is a real 5.1 cap rate with full PM services. Calling all investors! Real opportunity! These units are a low risk, perfect work horse to add to any portfolio or for a 1st time landlord. Always easy to rent and zero vacancies in over 2 years! Complex is not on a super busy noisy street. Coin laundry room for extra $. 2 assigned off street parking for each unit, added storage closets, and more! Pictures are from 2 years ago, because the vacancy rate is non existent. CAP NOT PROJECTED! This is a real 5.1 cap rate with full property management services.

Last Agent to Sell the Property

Eddy Delgado

Coldwell Banker West License #01084166 Listed on: 10/25/2018

Coldwell Banker West

Co-Listed By

Clarissa Alcazar

Coldwell Banker West License #01950955

Last Buyer's Agent

Jeff Discher

eXp Realty of Southern California, Inc. License #01400184

eXp Realty of Southern California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 0.28 Acre Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 548-201-06-01

Community Details

Overview

  • 4 Units
  • Blue Stone Property Management Community

Additional Features

  • Laundry Facilities
  • Net Operating Income $43,102

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 54th Street
  • Neighborhood: Las Alturas
  • Supplement: Calling all investors! Real opportunity! These units are a low risk, perfect work horse to add to any portfolio or for a 1st time landlord. Always easy to rent and zero vacancies in over 2 years! Complex is not on a super busy noisy street. Coin laundry room for extra $. 2 assigned off street parking for each unit, added storage closets, and more! Pictures are from 2 years ago, because the vacancy rate is non existent. CAP NOT PROJECTED! This is a real 5.1 cap rate with full property management services.
  • Stories: 2 Story
  • Sale Price List Price: 0.97
  • Total Stories: 2
  • Year Built: 1973
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Prkng Non Garage Spac U4: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Rolled/Hot Mop

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Electric
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Blue Stone Property Management
  • Community: ENCANTO
  • Complex Features: Laundry Facilities
  • Manager Name: Blue Stone Property Mgmt
  • Manager Phone: 619-592-2583

Lot Info

  • Lot Size: .5 to 1 AC
  • Site: Public Street
  • Topography: Level
  • Zoning: R-3
  • Assessor Parcel Number: 548-201-06-01
  • Land Use Code: R-3
  • Estimated Lot Dimensions: 102x122
  • Estimated Lot Sq Ft: 12444
  • Estimated Number of Acres: 0.28

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 43102
  • Annual Expense Actual: 20198
  • Gross Rent Multiplier Actual: 13.31
  • Gross Sched Income Actual: 62700
  • Gross Sched Income Projected: 63540
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 50

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2019 04/16/19 Sold $773,000 -3.4% $235 / Sq Ft
03/14/2019 03/14/19 Pending -- -- --
03/08/2019 03/08/19 For Sale $799,990 0.0% $243 / Sq Ft
02/27/2019 02/27/19 Pending -- -- --
02/14/2019 02/14/19 For Sale $799,990 0.0% $243 / Sq Ft
02/12/2019 02/12/19 Pending -- -- --
01/22/2019 01/22/19 Price Changed $799,990 -3.0% $243 / Sq Ft
12/12/2018 12/12/18 Price Changed $824,990 -1.2% $251 / Sq Ft
10/25/2018 10/25/18 For Sale $834,990 -- $254 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eddy Delgado

    Seller's Agent in 2019

    Eddy Delgado

    Coldwell Banker West

    (619) 726-4642

    1 in this area

    20 Total Sales

    Eddy Delgado
    Section Image

  • C

    Seller Co-Listing Agent in 2019

    Clarissa Alcazar

    Coldwell Banker West

  • Jeff Discher

    Buyer's Agent in 2019

    Jeff Discher

    eXp Realty of Southern California, Inc.

    (619) 363-4038

    1 in this area

    92 Total Sales

    Jeff Discher
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 180059804

San Diego MLS
California San Diego County San Diego 92114 Valencia Park

5337 Groveland Dr, San Diego, CA

This home is located at 5337 Groveland Dr, San Diego, CA 92114 since 25 October 2018. This property was built in 1973. 5337 Groveland Dr is a home located in San Diego County with nearby schools including Horton Elementary School, Millennial Tech Middle School, and Lincoln High School.

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