There are multiple listings for this address:
5129 Leo St
San Diego, CA, 92115
$1,749,999
Beds
0 Baths
SqFt
0 Acres
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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.

Property Details

Price:
$1,749,999
MLS #:
240026167SD
Status:
Active
Baths:
0
Address:
5129 Leo St
Type:
Residential Income
Subtype:
Single Family Residence
Neighborhood:
92115sandiego
City:
San Diego
Listed Date:
Nov 6, 2024
State:
CA
ZIP:
92115
Year Built:
1954
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Stories Total
1

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5129 Leo St
San Diego, CA
5129 Leo St
San Diego, CA, 92115
$1,749,999
8 Beds
4 Baths
2,612 SqFt
0 Acres
Add
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.

Property Details

Price:
$1,749,999
MLS #:
240026171SD
Status:
Active
Beds:
8
Baths:
4
Address:
5129 Leo St
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
92115sandiego
City:
San Diego
Listed Date:
Nov 6, 2024
State:
CA
Finished Sq Ft:
2,612
ZIP:
92115
Year Built:
1954
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Cooling
Central Air

Exterior

Parking Spots
0.00
Stories Total
1

Financial

Association Fee
0.00

Map

Community

Similar Listings Nearby