Active
5129 Leo St
San Diego CA, 92115
$1,749,999
$669.98 per sqft
Active
8 Beds
4 Baths
2,612 sqft
Residential
Built in 1954
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.
240026171
MLSⓇ ID
November 6, 2024
Listed
November 6, 2024
Updated
Map
5129 Leo St
San Diego CA, 92115
Interior Features
Total Stories
1
Bedrooms
8
Total Bathrooms
4
Full Bathrooms
4
Appliances
Microwave
Laundry Description
Other/Remarks
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Heating Description
Other/Remarks, None
Exterior/Building Features
Roof
Other
Sewer
Other
Other Property Details
Area Name
Metro Uptown
Garage
Yes
Garage Spaces
2
Parking
Garage(Attached), Non-Garage(Driveway)
Parking Total
4
View
No
County
San Diego
Water Source
Other
Pool
No
Pool Features
None
Listed by JLM Real Estate Inc, Daniel A Sipher,
Listing Contact: 408-368-5225
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Data last updated 9:40 PM UTC, 11/6/2024
