5129 Leo St, San Diego, CA 92115 – 240026171SD - Marcia Alves

REQUEST A TOUR

In-PersonVirtual Tour

Marcia Alves

marcia@marciabrazil.com +1(702) 300-6969

$ 1,749,999

Est. payment | -/mo

8 Beds

4 Baths

2,612 SqFt

Save

$ 1,749,999

Est. payment | -/mo

Save

8 Beds

4 Baths

2,612 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,612 sqft

Price per Sqft $669

MLS Listing ID 240026171SD

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1954

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.

Location

State CA

County San Diego

Area 92115 - San Diego

Interior

Interior Features See Remarks

Heating None, See Remarks

Cooling Central Air

Fireplace No

Appliance Microwave

Laundry See Remarks

Exterior

Garage Driveway

Garage Spaces 2.0

Garage Description 2.0

Pool None

Utilities Available See Remarks

View Y/N No

Roof Type See Remarks

Attached Garage Yes

Total Parking Spaces 4

Private Pool No

Building

Story 1

Entry Level One

Water See Remarks

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4671231000

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA

Listing Terms Cash, Conventional, 1031 Exchange, FHA

Listed by Daniel Sipher • JLM Real Estate Inc

+1(702) 300-6969

marcia@marciabrazil.com

1780 W Horizon Ridge Pkwy # 100, Henderson, NV, 89012, USA