5129 Leo St

San Diego, CA 92115 Active for $1,749,999
 


Beds: 8  Baths: 4  Structure Size: 2,612 sqft  Lot Size: N/A sqft


Property Facts
MLS 240026171SD
Year Built 1954
Property Type Single Family Residence
County San Diego
Status Active
Active $1,749,999
Structure Size 2,612 sqft
Lot Size N/A sqft
Beds 8
Baths 4

Description

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.

Listing information courtesy of: Daniel Sipher, JLM Real Estate Inc 408-368-5225. *Based on information from the Association of REALTORS/Multiple Listing as of 11/12/2024 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


Walkscore

Somewhat Walkable

66%

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