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listing
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Single FamilyFor Sale
$1,749,999
5129 Leo St
San Diego, CA 92115
Listed by Daniel Sipher DRE#02043589 [email protected] JLM Real Estate Inc
MLS: California Regional MLS (CRMLS)
8Beds
4Baths
2,612Sq Ft
Est. Mortgage
$9,133/mo

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.

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Information courtesy of JLM Real Estate Inc is subject to verification and is not guaranteed.
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