$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 #240026171
Listed
$1,749,999
-2.72%
10/26/2024
SanDiego #240022287
Removed
$1,799,000
10/12/2024
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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