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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
: Central Air
1
0
Additional Information
JLM Real Estate Inc
0
SAND-705092
SAND-991580
Daniel
4671231000
One
32

Multi-Family For Sale

5129 Leo St, San Diego, California 92115

$1,749,999
Listing ID #240026167SD
Basic Details
Status : Active
DaysOnMarket : 0
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 240026167SD
Price : $1,749,999
Year Built : 1954
Country : US
State : California
County : San Diego
City : San Diego
Zipcode : 92115
ModificationTimestamp : 2024-11-06 13:20:59
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