There are multiple listings for this address:
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
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Central Air
Exterior
Parking Spots
0.00
Stories Total
1
Financial
Association Fee
0.00
Map
Community
- Address5129 Leo St San Diego CA
- Area92115 – San Diego
- CitySan Diego
- CountySan Diego
- Zip Code92115
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Courtesy of JLM Real Estate Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
5129 Leo St
San Diego, CA
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
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Central Air
Exterior
Parking Spots
0.00
Stories Total
1
Financial
Association Fee
0.00
Map
Community
- Address5129 Leo St San Diego CA
- Area92115 – San Diego
- CitySan Diego
- CountySan Diego
- Zip Code92115
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