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.
|
DAYS ON MARKET
|
19
|
LAST UPDATED
|
11/6/2024
|
|
YEAR BUILT
|
1954
|
COMMUNITY
|
San Diego
|
|
GARAGE SPACES
|
2.0
|
COUNTY
|
San Diego
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Single Family
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Microwave |
| AREA |
San Diego |
| CONSTRUCTION |
Other |
| GARAGE |
Driveway, Yes |
| HEAT |
None, See Remarks |
| INTERIOR |
See Remarks |
| PARKING |
Driveway |
| POOL DESCRIPTION |
None |
| STORIES |
1 |
| UTILITIES |
See Remarks |
| WATER |
See Remarks |
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Listed with JLM Real Estate Inc
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/25/24 10:02 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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