Residential Income For Sale – – – – Price $1,749,999 – 240026167
Property Description

Prime opportunity walking distance from SDSU and generates $11,240 of gross rents! This is a value-add property with the opportunity to increase rents further to $12,000+ per month. Ideally located for off-campus student housing, ensures strong rental demand and high rental income. The front house offers 4 bedrooms and 2 bathrooms, now generating $6,040 monthly, while the second unit (new construction ADU) also boasts 4 bedrooms and 2 bathrooms, bringing in $5,200 monthly. This unit includes paid off Solar. Currently a 5.5% Cap Rate, this property has the ability to maximize rents to a pro forma 5.8% Cap Rate. With its unbeatable location and consistent rental demand, this property promises a steady and lucrative return.

Features
: 1 story
Address Map
US
California
San Diego
San Diego
92115
Leo St
5129
W118° 56' 34.8''
N32° 46' 17.3''
Neighborhood
Neighborhood
Additional Information
20
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Daniel
Sipher
JLM Real Estate Inc
$0
$0
$0
$0
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7,500-10,889 sf
Sdsu/college Area
Borrego springs
Fallbrook union elementary distr
: Other/remarks
Fallbrook union elementary distr
Fallbrook union high school dist
1

Residential Income For Sale

5129 Leo St, San Diego, California 92115

$1,749,999
Listing ID #240026167
Basic Details
Property Description :

Prime opportunity walking distance from SDSU and generates $11,240 of gross rents! This is a value-add property with the opportunity to increase rents further to $12,000+ per month. Ideally located for off-campus student housing, ensures strong rental demand and high rental income. The front house offers 4 bedrooms and 2 bathrooms, now generating $6,040 monthly, while the second unit (new construction ADU) also boasts 4 bedrooms and 2 bathrooms, bringing in $5,200 monthly. This unit includes paid off Solar. Currently a 5.5% Cap Rate, this property has the ability to maximize rents to a pro forma 5.8% Cap Rate. With its unbeatable location and consistent rental demand, this property promises a steady and lucrative return.

Status : Pending
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 240026167
Price : $1,749,999
Year Built : 1954
Style : Res income 2-4 units
Unit 1 # Bedrooms : 4
Unit 2 # Bedrooms : 4
Unit 1 # Total Baths : 2
Unit 2 # Total Baths : 2
Unit 1 # of Full Baths : 2
Unit 2 # of Full Baths : 2
Agent info
Berkshire Hathaway HomeServices California Properties
6027 Paseo Delicias, Rancho Santa Fe, CA 92067
Contact Agent
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