SoldClosed on December 31, 2024
$1,680,000
Sold Price5129 Leo St, San Diego, CA 92115
bed
8
Bedrooms
bathtub
4
Bathrooms
square_foot
2,612
Square Feet
About this home
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.
infoProperty Facts
bed
Bedrooms
8
bathtub
Bathrooms
4
square_foot
Square Feet
2,612
calendar_month
Year Built
1954
home_work
Property Type
Single Family Residence
timer
Days on Market
20
payments
HOA Fee
N/A
garage
Garage Total
2
fingerprint
MLS #
240026171SD
chairInterior Details
General Interior
Interior Features
See Remarks
Kitchen & Appliances
Appliances
Microwave
Laundry
See Remarks
Climate Control
Cooling
Central Air
Heating
None, See Remarks
deckExterior & Lot
Building & Construction
Construction
Other
Roof
See Remarks
Nearby Schools
| Rating | School Name |
|---|---|
8 | Language Academy Elementary School |
5 | Pendleton Elementary Elementary School |
6 | Rolando Elementary Elementary School |
N/A | Excelsior Academy Private School |
10 | Hearst Elementary Elementary School |
Convenience Score
This Home is Sold
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