5351 Bonita Dr, San Diego, California 92114, San Diego, 92114 - 2 bed, 1 bath
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5351 Bonita Dr
San Diego, California 92114
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
911Sq Ft
20,512Lot Size
Property Price
LIST PRICE$1,095,000
EST. MARKET VALUE
$1,060,296
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,095,000—positioned slightly above the $1,060,297 Fair Market Value. As a Shovel-Ready Development asset, the property features approved plans for 6 additional ADUs on a massive 20,512 sq. ft. lot. Despite a Condition Rating of 6 for the existing 1949 structure, the entitlement work is complete, significantly reducing project lead time. This is a strategic acquisition for Buy-and-Hold Investors or Multi-Family Developers seeking to maximize rental yield through high-density expansion.
Estimated Market Value
$1,060,296
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5351 Bonita Dr Subject | $1,095,000* List Price | 2 | 1 | 911 | $1,164 | - |
A 5351 Bonita Dr Active | $1,095,000 List Price | 2 | 1 | 911 | $1,202 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
The property was built in 1949 (75 years old) with no evidence of recent renovations. The listing is marketed as a 'Shovel-Ready Investment Opportunity' focusing on the land value and approved plans for 6 additional units, fitting the criteria for a property where the value lies in the land and development potential rather than the existing structure.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20512, living area = 911.
- Shovel-Ready Development
The property is a rare 'shovel-ready' investment with plans, permits, and fees already paid for 6 additional units, significantly reducing entitlement risk and project lead time.
- High Density Potential
The massive 20,512 sq. ft. lot allows for a total of 7 units, transforming a single-family residence into a high-yield multi-family complex with substantial rental income potential.
CONSRISKS & DEFICIENCIES
- Income Restrictions
Three of the new ADUs are subject to affordable/moderate-income restrictions for 15 years, which caps the rental upside and may impact the overall valuation for some investors.
- Aging Existing Structure
The original 2-bedroom home was built in 1949 and may require significant capital expenditure to modernize and match the quality of the new construction units.
About 5351 Bonita Dr
Shovel-Ready Investment Opportunity! Plans, permits, and fees paid!! 7-UNITS total, plans allow for the construction of 6 new units, all ADUs in the form of 3 new duplexes behind the existing home. Home is a 2-bed/ 1 bath in the quiet neighborhood of Valencia Park. The plans for every unit in the duplexes are identical and include 3 bedrooms, 1.5 baths, and a one-car garage. Each unit is 1,176 sq. ft., and each garage is 185 sq. ft. 3 of the new ADUs will be affordable to moderate-income restricted units for 15 years. Long-term investment that allows for good rental income.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 20,512 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.3 |
| Baths | 1.0 | 2.3 |
| Square foot | 911 | 1,777.941 |
| Lot Size | 20,512 | 6,474.445 |
| Price | $1.09M | $1.27M |
| Price per sq ft | $1.2K | $741 |
| Built year | 1949 | 1971 |
| HOA | $0 | $184 |
| Days on market | 22 | 40 |
Pricing History
Listed for Sale
Aug 18, 2026
$1,095,000
Initial Listing
Sold
Feb 29, 2024
$752,000
Public Record
Sold
Mar 18, 2021
$400,000
Public Record