5129 Leo St, San Diego CA 92115 | $1,749,999
Listing provided courtesy of Daniel Sipher of JLM Real Estate Inc. Last updated 2024-11-06 21:00:45.000000. Listing information © 2024 SANDICOR.
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.
More Details
1 Story
2 Car Garage
Master Bedroom: 8x10
Bedroom: 6x8
Bedroom: 6x8
Bedroom: 6x8
Bedroom: 6x8
Dining Room: 10x12
Family Room: 10x12
Kitchen: 10x12
Living Room: 10x12
