17
See all 17 photos
$1,680,000
$1,749,999 4.0%
Est. payment /mo
Sold on 12/31/2024
5129 Leo St San Diego, CA 92115
GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
UPDATED:
Key Details
Sold Price $1,680,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240026167SD
Sold Date 12/31/24
HOA Y/N No
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 92115 - San Diego
Building/Complex Name SDSU/College Area
Interior
Cooling Central Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4671231000
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Other
Listed by Daniel Sipher • JLM Real Estate Inc
Bought with Austin Ball • Austin Ball, Broker
Bought with Austin Ball • Austin Ball, Broker