5137 Groveland Drive, San Diego, 92114

Commercial - Com-Res Income For Sale

$3,895,000

Beds
Baths
Sqft
Built
35DOM
MLS® #: 200039939
ACTIVE, 35 Days on Market

Pleased to offer Groveland Manor, one of the highest yielding multi family investment opportunities in San Diego County. The property boasts a superior units mix of fifteen 3br/1ba 980sqft apartments and one non-conforming 1br/1ba apartment. Current ownership recently replaced all roofing systems (January 2020), has renovated five of the fifteen 3br/1ba apartments, replaced security entry gate motor systems, upgraded laundry equipment, etc. Conservatively there is 12% of rental upside for 2/3 of the units which can easily be obtained, in a short period of time (~2yrs), via maximum rental increases in the newer rent controlled environment. The property lies on an oversized approx.acre lot which sets itself up perfectly to add exterior amenities or multiple ADU's. Other important features, include but are not limited to, fully gated access, ample off street parking, upgraded kitchens and bathrooms (select units), and spacious private patios (select units).

Essential Information

MLS® #: 200039939
Price: $3,895,000
Acres: 0.00
Type: Commercial
Sub-Type: Com-Res Income
Status: ACTIVE

Community Information

Address: 5137 Groveland Drive
Area: ENCANTO (92114)
City: San Diego
County: San Diego
State: CA
Zip Code: 92114

Amenities

Amenities: Other/Remarks
Parking Spaces: 32
Parking: Spaces

Interior

Heating: Other/Remarks
Cooling: Other

Exterior

Exterior: Remarks
Roof: Other/Remarks
Construction: Stucco

Additional Information

Date Listed: August 18th, 2020
Days on Market: 35

Listing Details

Listing Office: The Browar Group

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.

Listing information last updated on October 21st, 2020 at 6:03am PDT.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.

Listing information last updated on October 21st, 2020 at 6:03am PDT.