See all 19 photos
$1,799,000
Est. payment /mo
8 BD
4 BA
1,412 SqFt
Price Dropped by $50K
5129-31 Leo St San Diego, CA 92115
UPDATED:
10/12/2024 08:21 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 1,412 sqft
Price per Sqft $1,274
Subdivision San Diego
MLS Listing ID 240022131
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1954
Property Description
Prime Value-Add opportunity walking distance from SDSU! This property, ideally located for off-campus student housing, ensures strong rental demand and high rental income. The first unit offers 4 bedrooms and 2 bathrooms, generating $5,300 monthly, while the second unit (which is a new construction ADU) boasts 4 bedrooms and 2 bathrooms, bringing in $5,200 monthly. This ADU also has Solar which is fully paid off. With its unbeatable location and consistent rental demand, this property promises a steady and lucrative income stream. Currently, the property generates $10,500 in monthly income, but with updates to the front house, it has the potential to exceed $11,600 per month.
Location
State CA
County San Diego
Community San Diego
Area San Diego (92115)
Building/Complex Name SDSU
Interior
Cooling N/K, Other/Remarks
Exterior
Exterior Feature Stucco, Other/Remarks
Garage Spaces 1.0
Fence Other/Remarks
Roof Type Other/Remarks
Building
Lot Size Range 4000-7499 SF
Level or Stories Other/Remarks
Others
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Space Rent $5,300
Listing Terms Cash, Conventional, Exchange, FHA, VA
Special Listing Condition Call Agent
Listed by Daniel A Sipher • JLM Real Estate Inc