5351 Bonita Dr, San Diego, California 92114, San Diego, 92114 - 2 bed, 1 bath
5351 Bonita Dr
San Diego, California 92114
Property Price
SUMMARY
Analysis of 5351 Bonita Dr, San Diego, California 92114 is currently available with a list price of $1,200,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The existing primary residence, built in 1949, is in poor condition with a highly outdated kitchen and bathroom featuring aged cabinetry, old appliances, and worn flooring. The property is being marketed as a development opportunity for additional units, reflecting that the current structure requires substantial rehabilitation and modernization to meet contemporary living standards.
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 sold with plans, permits, and fees already paid, significantly reducing entitlement risk and allowing for immediate construction.
- High Density Potential
The project allows for a total of 7 units on a single lot, maximizing the land's utility and providing a substantial multi-family revenue stream.
CONSRISKS & DEFICIENCIES
- Income Restrictions
Three of the new ADUs are restricted to moderate-income tenants for 15 years, which limits the maximum potential rental upside for those units.
- Significant Capital Requirement
While shovel-ready, the project requires a high level of liquidity and construction financing to build six units simultaneously.
- Aged Primary Structure
The existing 1949 home is a modest 2-bed, 1-bath unit that may require significant renovation to match the quality and appeal of the new construction.
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. This investment allows the option for rental income or to take advantage of SB 1033.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 5% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 911 | 1,451 | 4% |
| Lot Size | 20,512 | 6,380 | 96% |
| Price | $1.20M | $765.0K | 99% |
| Price per sq ft | $1.3K | $527 | 99% |
| Built year | 1949 | 1963 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 151 | 4% |
Pricing History
Listed for Sale
Feb 17, 2026
$1,200,000
Initial Listing
Sold
Feb 29, 2024
$752,000
Public Record
Sold
Mar 18, 2021
$400,000
Public Record