5129 Leo St new Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92115
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,612 sqft
Price per Sqft $669
MLS Listing ID 240026171
Style Detached
Bedrooms 8
Full Baths 4
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.
Location
State CA
County San Diego
Area San Diego (92115)
Rooms
Family Room 10x12
Dining Room 10x12
Kitchen 10x12
Interior
Heating Other/Remarks
Cooling Central Forced Air
Equipment Microwave,N/K
Laundry Other/Remarks
Exterior
Exterior Feature Other/Remarks
Garage Attached
Garage Spaces 2.0
Fence Other/Remarks
Roof Type Other/Remarks
Building
Story 1
Sewer Other/Remarks
Water Other/Remarks
Others
Acceptable Financing Cash,Conventional,Exchange,FHA
Listing Terms Cash,Conventional,Exchange,FHA
Special Listing Condition Call Agent