CA > San Diego
San Diego, CA 92115,5129 Leo St
San Diego, CA 92115,5129 Leo St
San Diego, CA 92115,5129 Leo St
San Diego, CA 92115,5129 Leo St
San Diego, CA 92115,5129 Leo St
San Diego, CA 92115,5129 Leo St
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Eric Meeler

Eric Meeler

+1(619) 349-4945
$ 1,749,999
Est. payment | /mo

8 Beds

4 Baths

Save Video Tour
$ 1,749,999
Est. payment | /mo
Save Video Tour

8 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240026167

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 San Diego (92115)

Building/Complex Name SDSU/College Area

Interior

Cooling Central Forced Air

Exterior

Exterior Feature Other/Remarks

Garage Spaces 2.0

Fence Other/Remarks

Roof Type Other/Remarks

Building

Story 1

Lot Size Range 7500-10889 SF

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional, Exchange, FHA

Space Rent $6,040

Listing Terms Cash, Conventional, Exchange, FHA

Special Listing Condition Call Agent

San Diego Regional MLS (SDMLS)
Listed by Daniel A Sipher • JLM Real Estate Inc
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 349-4945

eric@keyrealtyca.com

401 W A St, San Diego, CA, 92101, USA

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5129 Leo St