$1,749,999
Sold Price5129 Leo St, San Diego, CA 92115
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
Bedrooms
8
Bathrooms
4
Square Feet
2,612
Property Type
Single Family Residence
Days on Market
20
HOA Fee
N/A
Garage Total
2
MLS #
240026171SD
chairInterior Details
General Interior
Interior Features
See Remarks
Kitchen & Appliances
Appliances
Microwave
Laundry
See Remarks
deckExterior & Lot
Building & Construction
Construction
Other
Roof
See Remarks
Nearby Schools
| Rating | School Name |
|---|---|
| 9 | GreatSchools High (Demo) public |
| 7 | Valley View Elementary (Demo) public |
| 6 | Lincoln Middle School (Demo) public |
| NR | St. Mary Example Academy (Demo) private |
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