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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.
Property Type(s):
Residential Income
| Last Updated | 7/12/2026 | Tract | City Heights |
|---|---|---|---|
| Year Built | 1964 | Community | 92105 - East San Diego |
| County | San Diego |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 92105 - East San Diego |
| LOT | 0 |
| STORIES | 2 |
| SUBDIVISION | City Heights |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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