This 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.
Sold for $1,037,500
Listed by: Heartland Real Estate • Frank McLin • Contact: 619-985-1280
Bought with: Premiere Real Estate
Tax assessed value
$1,037,500
5280 Groveland Dr, San Diego, CA 92114
5beds
3baths
3,100sqft
Multi Family
Built in 1972
-- sqft lot
$1,273,700 Zestimate®
$335/sqft
$3,117 Estimated rent
Home value
$1,273,700
$1.12M - $1.46M
$3,117/mo
Zestimate® history
Owner options
List your home for rent
$3,117/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$3,117/mo
Rent Zestimate®
Refinance and save
$6,664/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$6,664/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Frank McLin DRE #00924501 frank@heartlandre.com,
Heartland Real Estate
Bought with:
Jeffrey Hein, DRE #01232396
Premiere Real Estate
Source: CRMLS,MLS#: PTP2405788
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Appliances
- Laundry: Common Area
Features
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,100
- Total interior livable area: 3,100 sqft
Property
Parking
- Total spaces: 5
- Uncovered spaces: 5
Features
- Levels: Two
- Stories: 2
- Entry location: Living Room
- Pool features: None
Lot
- Size: 8,558 Square Feet
- Dimensions: 59' x 144' x 60' x 144'
- Features: No Landscaping, Yard
Details
- Parcel number: 5480523900
- Zoning: R-2:Minor Multiple
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer, Sewer Tap Paid
Community & HOA
Community
- Features: Curbs, Sidewalks, Urban
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $335/sqft
- Tax assessed value: $1,037,500
- Annual tax amount: $13,554
- Date on market: 9/20/2024
- Listing terms: Cash,Cash to New Loan,Conventional
- Total actual rent: 5743
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2024 | Sold | $1,037,500-10.2%$335/sqft |
Source:  CRMLS #PTP2405788 Report a problem | ||
| 11/4/2024 | Pending sale | $1,155,000$373/sqft |
Source: CRMLS #PTP2405788 Report a problem | ||
| 9/20/2024 | Listed for sale | $1,155,000$373/sqft |
Source: CRMLS #PTP2405788 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,554 -3.7% | $1,037,500 -9.2% |
| 2024 | $14,076 +971.7% | $1,142,400 +1002.2% |
| 2023 | $1,314 +2.8% | $103,646 +2% |
| 2022 | $1,278 +0.7% | $101,615 +2% |
| 2021 | $1,270 +1.2% | $99,623 +1% |
| 2020 | $1,255 +5.4% | $98,603 +2% |
| 2019 | $1,191 +3.2% | $96,671 +2% |
| 2018 | $1,155 +2.5% | $94,777 +2% |
| 2017 | $1,126 +1.9% | $92,920 +2% |
| 2016 | $1,105 +1.5% | $91,099 +1.5% |
| 2015 | $1,089 +1.4% | $89,732 +2% |
| 2014 | $1,074 | $87,975 +0.5% |
| 2013 | -- | $87,578 +2% |
| 2012 | -- | $85,862 +2% |
| 2011 | -- | $84,179 +0.8% |
| 2010 | -- | $83,551 -0.2% |
| 2009 | -- | $83,751 +2% |
| 2008 | -- | $82,110 +2% |
| 2007 | -- | $80,501 +2% |
| 2006 | -- | $78,923 +2% |
| 2005 | -- | $77,376 +2% |
| 2004 | -- | $75,860 +1.9% |
| 2003 | -- | $74,471 +2% |
| 2002 | -- | $73,012 +2% |
| 2001 | -- | $71,581 |
Find assessor info on the county website
Neighborhood: Valencia Park
Nearby homes
- $--3 bd2 ba900 sqft5280 Groveland Dr APT 4, San Diego, CA 92114Off Market
- $--2 bd1 ba700 sqft5280 Groveland Dr #2, San Diego, CA 92114Off Market
- $--2 bd1 ba700 sqft5280 Groveland Dr APT 3, San Diego, CA 92114Off Market
- $665,000-- bd-- ba1.2k sqft5258 Groveland Dr, San Diego, CA 92114Sold
- $1,037,5008 bd4 ba-- sqft5284 Groveland Dr, San Diego, CA 92114Sold
- $443,6001 bd1 ba-- sqft5284 Groveland Dr APT 1, San Diego, CA 92114Off Market
- $1,237,1008 bd4 ba-- sqft5265 Naranja St, San Diego, CA 92114Off Market
- $--2 bd1 ba-- sqft5265 Naranja St APT 2, San Diego, CA 92114Off Market
Nearby schools
GreatSchools rating
- 3/10Horton Elementary SchoolGrades: K-5Distance: 0.4 mi
- 2/10Millennial Tech Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Lincoln High SchoolGrades: 9-12Distance: 0.6 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,273,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,273,700
- California
- San Diego County
- San Diego
- 92114
- Valencia Park
- 5280 Groveland Dr
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other San Diego Topics
