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$1,749,999

Beds
8
Baths
4.0
sq ft
2,612

5129 Leo St, San Diego, CA 92115

5129 Leo St

San Diego, CA 92115

  • 16 days on market
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.

Details

Property type

Single Family Residence

Lot size

Unknown

Price per sq ft

$670

Year built

1954

Price History

11/06/2024
SanDiego

SanDiego #240026171

Listed
$1,749,999
-2.72%
10/26/2024
SanDiego

SanDiego #240022287

Removed
$1,799,000
10/12/2024
SanDiego

SanDiego #240022287

Price change
$1,799,000
-2.7%

Schools & Community

Neighborhood: 

College East

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/22/2024 at 10:25 AM

Listing updated: 11/06/2024 at 1:21 PM

Listed by: Daniel A Sipher, JLM Real Estate Inc Phone #: (949) 207-8321

MLS: SanDiego #240026171

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