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

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Tina Kaminsky Phillips

Tina Kaminsky Phillips

+1(310) 873-8462

UPDATED:

11/06/2024 09:22 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240026167SD

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


California Regional MLS (CRMLS)
Listed by Daniel Sipher • JLM Real Estate Inc

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Tina Kaminsky Phillips

Agent | CalBRE# 01828048

+1(310) 873-8462

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5129 Leo St