5129 31 Leo St

San Diego, CA 92115

$1,849,000

List Price

8

bed Beds

4

shower Baths

2,612 sqft

straighten / sqft

1954

calendar_month Built

Property Description

Prime Value-Add opportunity walking distance from SDSU! This property, ideally located for off-campus student housing, ensures strong rental demand and high rental income. The front house offers 4 bedrooms and 2 bathrooms, generating $5,300 monthly, while the second unit (which is a new construction ADU) boasts 4 bedrooms and 2 bathrooms, bringing in $5,200 monthly. This ADU also has Solar which is fully paid off. With its unbeatable location and consistent rental demand, this property promises a steady and lucrative income stream. Currently, the property generates $10,500 in monthly income, but with updates to the front house, it has the potential to exceed $11,600 per month.

Listing Information

List Price $1,849,000
Status Active
MLS 240022287SD
Type Residential
Subtype Single Family Residence
Year Built 1954
Lot Size N/A
Structure Size 2,612
DOM 1
Courtesy Of JLM Real Estate Inc
Listing Agent Daniel Sipher DRE#02043589

Interior Features

Laundry Information
Location(s) None, See Remarks
Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 4
Cooling Type
Cooling Type Central Air, Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Daniel Sipher, JLM Real Estate Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 21st, 2024 at 12:58 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.