$1,749,999
Beds:
8
Baths:
4
Sqft:
2,612
19 Days On Market -
Property listed by JLM Real Estate Inc, Daniel Sipher
Status:
Active
Property Type:
Single Family Residence
Year Built:
1954
Days On Website:
19
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
Appliances & Equipment
- Microwave
Bathrooms
- 4 full bathrooms
- 4 total bathrooms
Bedrooms
- 8 total bedrooms
Building
- Built in 1954
- Levels: One
- Living area: 2612
- 1 story
Cooling
- CentralAir
Garage
- 2 spaces
Heating
- None
- SeeRemarks
Interior Features
- SeeRemarks
Laundry
- SeeRemarks
Listing
- ListingID: 240026171SD
- Standard status: Active
Location
- Country: US
Parking
- 2 open parking spaces
- 4 totals parking
- Driveway
Pool
- None
Roof
- SeeRemarks
Utilities
- SeeRemarks
Property Map
Map View
$1,749,999 - 5129 Leo St, San Diego, CA 92115
Street View
Directions
5129 Leo St
San Diego, CA 92115
Country: US
Nearby Schools
Local Sales
Patrick Wood
Broker/Owner
patrickwood@aol.com