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… Read More 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. Read Less
Property listed by JLM Real Estate Inc, Daniel Sipher 949-207-8321
Listing Snapshot
Days Online
12
Last Updated
Property Type
Single Family Residence
Beds
8
Full Baths
4
Square Ft.
2,612
Year Built
1954
MLS Number
240026171SD
30 Days Snapshot Of 92115
$795k
-6%
(avg) sold price
30
-14%
homes sold
66
+1%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Microwave
Building
Built in 1954, Levels: One, Living area: 2612, 1 story
Cooling
CentralAir
Garage
2 spaces
Heating
None, SeeRemarks
Interior Features
SeeRemarks
Laundry
SeeRemarks
Parking
2 open parking spaces, 4 totals parking, Driveway
Pool
None
Roof
SeeRemarks
Utilities
SeeRemarks
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