5351 Bonita Dr, San Diego, California 92114, San Diego, 92114 - 2 bed, 1 bath
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San Diego, California 92114
Analysis of 5351 Bonita Dr, San Diego, California 92114 is currently available with a list price of $1,095,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property is a 1949 build marketed primarily as a development opportunity rather than a move-in ready home. The listing lacks interior images of the existing structure, and the property analysis explicitly identifies the 'Aging Primary Structure' as a weakness requiring significant modernization. Given its age of over 75 years and the focus on 'shovel-ready' plans for new construction, the current dwelling likely requires substantial rehabilitation to meet modern living standards.
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.
The property includes fully approved plans, permits, and paid fees for six additional units, allowing an investor to bypass the lengthy and costly entitlement process.
The ability to transform a single-family lot into a 7-unit complex maximizes the utility of the 20,512 sq. ft. lot and offers substantial long-term rental income potential.
Three of the new units are restricted to moderate-income tenants for 15 years, which caps the potential gross operating income and may impact the overall project valuation.
The existing 2-bedroom home was built in 1949 and may require significant modernization or repairs to align with the quality and appeal of the new construction.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 6% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 911 | 1,400 | 6% |
| Lot Size | 20,512 | 6,200 | 96% |
| Price | $1.09M | $762.0K | 98% |
| Price per sq ft | $1.2K | $531 | 98% |
| Built year | 1949 | 1962 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 64 | 155 | 16% |
Mar 27, 2026
$1,095,000
$1,200,000
-9% Price Drop
Initial Listing
Feb 17, 2026
$1,200,000
Initial Listing
Feb 29, 2024
$752,000
Public Record
Mar 18, 2021
$400,000
Public Record