5129 31 Leo St
San Diego, CA 92115
Active for $1,849,000
Beds: 8 Baths: 4 Structure Size: 2,612 sqft Lot Size: N/A sqft
| MLS | 240022287SD |
| Year Built | 1954 |
| Property Type | Single Family Residence |
| County | San Diego |
| Status | Active |
| Active | $1,849,000 |
| Structure Size | 2,612 sqft |
| Lot Size | N/A sqft |
| Beds | 8 |
| Baths | 4 |
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 front house 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.
Listing information courtesy of: Daniel Sipher, JLM Real Estate Inc . *Based on information from the Association of REALTORS/Multiple Listing as of 09/20/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Sergio Becerra
REALTOR®
Direct: 818.644.5852
Email: Email Me
DRE: 02180422
DRE #01873088
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