5280 Groveland Dr, Encanto, CA 92114
- $1,037,500
- 3
- BD
- 2
- BA
- Sold Price
- $1,037,500
- List Price
- $1,155,000
- Closing Date
- Dec 03, 2024
- Status
- CLOSED
- MLS#
- PTP2405788
- Bedrooms
- 3
- Bathrooms
- 2
- City
- Encanto
- Property Type
- Multifamily
Property Description
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.
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Listing courtesy of Listing Agent: Frank McLin (619-985-1280) from Listing Office: Heartland Real Estate.
Selling Office: Premiere Real Estate.
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