5258 Groveland

San Diego, CA 92114

Sold

$645,000

2022.05.24

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Property Description

The Subject property is a 2bed+2bath 1,108 square foot single family home south of the 94 freeway, east of the 805, located at 5258 Groveland Drive, in the Valencia Park neighborhood of San Diego, CA 92114.

The 1932 home is situated on a 9,749 square foot lot and also contains a non-conforming 306 square foot unit in the back, and a detached two car garage. The subject property is zoned RM-1-1 which would allow for up to 3 legal units, plus the possibility to add ADUs. The property falls under the Transit Priority Area, Complete Communities Plan, and an Economic Opportunity Zone.

The convenient location allows tenants access to highway 94, highway 805, and is only 15 minutes to down town San Diego. Nearby amenities include Market Creek Plaza, Jacobs Center for Neighborhood Innovation, Jackie Robinson Family YMCA, Euclid Health Center, and many other restaurants, bars, and shops.

This redevelopment opportunity allows astute investors the chance to add units to the existing structure and leverage a convenient location that is close to all San Diego has to offer.

Contact Agent

Kenneth Herskind

(858) 699-4013

DRE #01872460

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Marketing Package

Property Details

Property Type

Single Family Home

Units

1

SqFt

1,108

Unit Mix

SFR

Year Built

Price

Price/Unit

Price/SF

GRM

Cap Rate

$645,000

Property Location

Valencia Park