5137-39 Bellvale Avenue

San Diego, CA 92117

$1,599,000
Price
5
Beds
6
Baths
2,112 Sq. Ft.
$757 / Sq. Ft.
2,112
Sq. Ft.
$757
per Sq. Ft.

Description

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...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."
  1. Listed by Lenska M Bracknell • DRE #01507487 • LENSKA Realty

Property Details for 5137-39 Bellvale Avenue

Area
Clairemont Mesa (92117)
Neighborhood
Clairemont
Community
CLAIREMONT
City Postal ID
CLAIREMONT MESA (92117)
Cross Street(s)
Lyric Ln

Location

Listing Courtesy of LENSKA Realty, Lenska M Bracknell, DRE #01507487
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LISTING UPDATED: 05/07/2024 05:06 PM

Property Details for 5137-39 Bellvale Avenue

StatusActive
MLS #240009210
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1992
Lot Size-
CountySan Diego County

Location

Listing Courtesy of LENSKA Realty, Lenska M Bracknell, DRE #01507487
Add your commute

Virtual Tour

Building Information for 5137-39 Bellvale Avenue

Stories-Residences-Year Built1992Building Size-Lot Size-

Payment Calculator

$8,726 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,726

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5137-39 Bellvale Avenue

Summary Information
Property and Location
  • System ID: 240009210
  • Class: 2-4 UNITS
  • Levels: Other/Remarks
  • Year Built: 1992
  • Street Number Numeric: 5137
  • Street Name: Bellvale Ave
  • Age Restrictions: N/K
  • Market Area: Metro
  • Directions To Property: Clairemont Mesa Bld- Limerick south- Lyric- Bellvale
HOA and Fees
  • Home Owner Fees: $0
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Supplement
  • Supplement: 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."
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 2
  • Num of Units w/Cooling: 1
  • Cooling: See Remarks
Exterior Features
  • Exterior: Stucco
  • Roof: Composition
  • Fencing: Full
  • Security: N/K
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size: 4,000-7,499 SF
  • Lot Size Source: Assessor Record
  • Topography: Level
  • Complex/Park: Clairemont
  • Assessors Parcel Num: 361-642-04-00
Utilities
  • Water: Meter on Property
  • Water District: CITY OF SAN DIEGO
  • Water District URL: www.ci.san-diego.ca.us/water
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 5137
  • Parking Garage Unit 1: Attached
  • Unit 1 Num of Bedrooms: 3
  • Unit 1 Num of Total Baths: 3
  • Unit 1 Deposit: $2,800
  • Unit 1 Estimated SqFt: 1,184
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Occupied: Vacant
  • Unit 1 Projected Rent: $4,500
  • Unit 1 Rent Actual: $0
Unit 2
  • Unit Num for Unit 2: 5139
  • Parking Garage Unit 2: N/K
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 3
  • Unit 2 Deposit: $0
  • Unit 2 Estimated SqFt: 928
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Occupied: Tenant
  • Unit 2 Projected Rent: $3,400
  • Unit 2 Rent Actual: $3,100
Unit 3
  • Unit 3 Num of Total Baths: 0
Unit 4
  • Unit 4 Num of Total Baths: 0

Property History for 5137-39 Bellvale Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5137-39 Bellvale Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Sequoia Elementary School
PublicK to 6

Innovation Middle School
Public6 to 8

Madison High School
Public9 to 12

Mt. Everest Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5137-39 Bellvale Avenue is a multi-family home for sale in San Diego, CA 92117. This property was listed for sale on April 9, 2024 by LENSKA Realty, it's currently listed at $1,599,000. This listing's school district is San Diego Unified School District. Nearby schools include Sequoia Elementary School, Innovation Middle School and Madison High School. 5137-39 Bellvale Avenue is a 5-bed, 6-bath, 2,112 sqft multi-family home built in 1992.

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Listing Courtesy of LENSKA Realty, Lenska M Bracknell, DRE #01507487

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