5129 Leo St, San Diego, CA 92115
-
Listed Price :
$1,749,999
-
Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
-
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
5129 Leo St |
| City |
San Diego |
| State |
CA |
| Zip |
92115 |
| County |
San Diego |
| Listing Agent |
Daniel Sipher DRE #02043589 |
| Co-Listing Agent |
Jason Lee DRE #02068011 |
| Courtesy Of |
JLM Real Estate Inc |
| List Price |
$1,749,999 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
N/A |
| Year Built |
1954 |
Listing information courtesy of: Daniel Sipher, Jason Lee, JLM Real Estate Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 6th, 2024 at 9:22 PM 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.
