Exceptional value-add investment opportunity with tremendous upside! This income-producing four-unit property features four spacious 2-bedroom, 1-bath units, each with an additional den/flex room, situated on an approximately 11,090 SF RM-2-5 zoned lot. The property offers immediate rental income along with a rare opportunity to significantly increase future cash flow through a proposed ADU expansion that is nearing final approval with the City of San Diego. Currently offering approximately 3,854 square feet of rentable living space, the seller has invested substantial time and expense into architectural plans for the proposed conversion of the existing 4-car garage into two ADUs (approximately 405 SF and 549 SF), along with two new attached ADUs of approximately 1,195 SF each. Upon completion, the proposed expansion would increase the property to nearly 7,200 square feet of total rentable living space, creating the potential for a total of eight residential units and providing a tremendous head start for the next owner to capitalize on the property's long-term income potential. Ideally located just minutes from San Diego State University, this centrally located property offers outstanding convenience for both tenants and investors. Whether you're looking to capitalize on the existing income or unlock the property's full development potential, 5920 Stream View Drive presents a rare opportunity to acquire a high-upside multifamily asset in one of San Diego's strongest rental markets.
Listing courtesy of Listing Agent: George Bukes (808-256-8028) from Listing Office: Compass.
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