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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.
| Last Updated | 11/6/2024 | Tract | SDSU/College Area |
|---|---|---|---|
| Year Built | 1954 | Garage Spaces | 2.0 |
| County | San Diego |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Microwave |
| GARAGE | Attached Garage, Yes |
| LOT | 0 |
| LOT DIMENSIONS | 4,000-7,499 SF |
| PARKING | Attached |
| STORIES | 1 |
| SUBDIVISION | SDSU/College Area |
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Properties on this website was last updated as recently as 11/13/24 3:14 AM PST.
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