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5137 39 Bellvale Ave, San Diego, CA 92117

$1,599,000
Listing Office: LENSKA Realty
Image 1 of property listing at 5137 39 Bellvale Ave, San Diego, CA 92117California Regional MLS
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Variance granted 2-4 Units. Seize the Moment: Secure Your Financial Future Today! Strategically located property with two meticulously designed homes, ensuring high tenant satisfaction. Renovated front home from the 1960s and a modern ADU in the back offer contemporary living standards and privacy. Both units feature solar panels and artificial turf, minimizing operating costs. With the potential for tax-deferred exchanges and a hedge against inflation, this opportunity promises enduring wealth accumulation in the dynamic real estate market. Anybody can benefit: house-hackers, multi-gen living arrangements or share with your BFF! Prime Investment Opportunity: Strategically situated in a sought-after location, this property boasts not one, but two full-sized homes meticulously designed for optimal tenant satisfaction. With a nod to modernity, these units feature desirable floor plans and contemporary amenities, ensuring high occupancy rates and consistent cash flow. The front home, originally constructed in the 1960s, has been thoughtfully renovated to meet modern standards, while the back unit, permitted as an ADU in 2020, comes equipped with a state-of-the-art mini-split system. Adding to the allure of this investment, both units are outfitted with solar panels, offering substantial long-term savings on utility expenses. In anticipation of rising inflation, real estate stands as a stalwart hedge against economic uncertainty, making this property an even more compelling investment opportunity. Moreover, with the flexibility to cater to various living arrangements, from house-hackers to multi-generational occupants, and the potential for tax-deferred exchanges through the 1031 exchange program, this offering presents a gateway to enduring wealth accumulation. The property's solar panels and artificial turf result in lower operating costs, maximizing profitability. Seize the chance to capitalize on the promising returns this property promises in the ever-evolving real estate landscape."

Listing Agent: Lenska Bracknell

License Number: 01507487

Offered by: LENSKA Realty

Office Phone: 858-717-0314

MLS: #240009210SD

California Regional MLS

Date Added: 04/09/2024 12:00:00 am

Last Update: 05/08/2024 12:07:16 am

Days on Market: 33

Interior

  • A/C: true, See Remarks
  • Heating: true

Exterior

  • Parking: Parking spaces: 0

Construction

  • Roofing: Composition
  • General: Multi/Split

Location

  • HOA Amenities: 0.0
  • Originating MLS: CRMLS
  • County: San Diego

Lot

  • Zoning: 3616420400

Financial

  • Source: CRMLS
  • Buyers Agent Compensation: 2.000

Property

  • Year Built: 1992
  • Type: Multi-Family
  • Neighborhood: Mission Valley
  • Parcel #: 3616420400

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05/08/2024$1,599,000
04/28/2024$1,675,000
04/28/2024Active

Listing Broker

Dale Kaiser
1 @
License #: 01297036
Location: Cayucos, CA
Dale Kaiser, President/Owner of Dale Kaiser Real Estate Inc. is an astute businessman with an encyclopedia-like knowledge of San Luis Obispo County beach property and the people who own it. Dale has emerged as the broker of choice most widely associated with the unique coastal properties including Cayucos, Morro Bay, Cambria, and Los Osos. Dale has worked closely with the California Coastal Commission and the County of San Luis Obispo Planning and Building Department for over 40 years giving his clients a distinct advantage that comes from wisdom, experience, and knowledge. Dale lives in Cayucos with his precious daughter Averie and classy canines, Mary Lou & Macho. As your professional real estate advisor, I focus on client satisfaction. My business is about service and I am not happy until you are happy. My years in the business have provided me the experience to assist you with nearly every real estate need. Whether it's finding you a home, finding the best loan, or helping you get the most out of selling your home I am here to guide you. If there is anything you need, please let me know.

Last Updated: 05/08/2024 12:07:16 am

Offered by: Lenska Bracknell, 01507487, 858-717-0314 @ LENSKA Realty

MLS: #240009210SD

Source: California Regional MLS

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