Property Details
About this Property
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.
MLS Listing Information
MLS #
SD240026171
MLS Source
San Diego MLS
Days on Site
17
Interior Features
Kitchen
Other
Appliances
Microwave, Other
Laundry
Other
Cooling
Central Forced Air
Heating
Other
Exterior Features
Roof
Other
Pool
Other
Parking, School, and Other Information
Garage/Parking
Attached Garage, Other, Garage: 2 Car(s)
Sewer
Other
Water
Other
HOA Fee
$0
Contact Information
Listing Agent
Daniel Sipher
JLM Real Estate Inc
License #: 02043589
Phone: (408) 368-5225
Co-Listing Agent
Jason Lee
JLM Real Estate Inc
License #: 02068011
Phone: (619) 891-0403
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
5129 Leo St is a Single Family Residence in San Diego, CA 92115. This 2,612 square foot property sits on a – Sq Ft Lot and features 8 bedrooms & 4 full bathrooms. It is currently priced at $1,749,999 and was built in 1954. This address can also be written as 5129 Leo St, San Diego, CA 92115.
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This listing information is up-to-date as of November 06, 2024. For the most current information, please contact Daniel Sipher, (408) 368-5225
