$1,749,999

Beds: 8
Baths: 4
Sqft: 2,612
22 Days On Market -

ContactSue Otto-Calkins

Courtesy of JLM Real Estate Inc

Status: Active
Property Type: Detached
Year Built: 1954
Neighborhood: Sdsu/college Area
Days On Website: 22
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.

Features

Bathrooms

  • 4 full bathrooms
  • 4 total bathrooms

Bedrooms

  • 8 bedrooms
  • 8 total bedrooms

Second Bedroom

  • 6x8 square feet

Third Bedroom

  • 6x8 square feet

Fourth Bedroom

  • 6x8 square feet

Fifth Bedroom

  • 6x8 square feet

Building

  • 2,612 estimated square feet
  • Source: Assessor Record
  • Built in 1954
  • 1 story

Cooling

  • Central Forced Air

Dining Room

  • 10x12 square feet

Exterior Features

  • Other/Remarks

Fence

  • Other/Remarks

Family Room

  • 10x12 square feet

Water Features

  • Other/Remarks

Heating

  • Other/Remarks
  • Other/Remarks

Kitchen

  • Kitchen is 10x12 feet

Laundry

  • Other/Remarks
  • Other/Remarks

Listing

  • Source: SDMLS
  • For Sale
  • Listed on 2024-11-06

Location

  • County: San Diego

Lot

  • 4,000-7,499 SF

Living Room

  • 10x12 square feet

Primary Bedroom

  • 8x10 square feet

Garage

  • 2 garage parking spaces
  • Attached

Parking

  • 2 non-garage parking spaces
  • 4 total parking spaces
  • Non-Garage Parking: Driveway

Roof

  • Other/Remarks

Sewer

  • Other/Remarks

Property Map

Map View


$1,749,999 -5129 Leo St, San Diego, CA 92115

Street View


Directions


5129 Leo St
San Diego, CA 92115
County: San Diego

Nearby Schools

Local Sales

Sue Otto-Calkins