5129 Leo St, San Diego, CA 92115
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.
Bedrooms
8
Bathrooms
4
Square Feet
2,612
Year Built
1954
Property Type
Single Family Residence
Days on Market
20
HOA Fee
N/A
Garage Total
2
MLS #
240026171SD
Interior Features
See Remarks
Appliances
Microwave
Laundry
See Remarks
Cooling
Central Air
Heating
None, See Remarks
Construction
Other
Roof
See Remarks
| Rating | School Name | ||
|---|---|---|---|
| No school data available for this area. | |||
Based on price, location, and features
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