Property listed by JLM Real Estate Inc, Daniel Sipher, .
$1,749,999
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… Read More 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. Read Less
Listing Snapshot
Days Online
45
Last Updated
Property Type
Single Family Residence
Beds
8
Full Baths
4
Square Ft.
2,612
Year Built
1954
MLS Number
240026171SD
30 Days Snapshot Of 92115
$1,494k
+83%
(avg) sold price
7
-80%
homes sold
34
-48%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Microwave
Building
Built in 1954, Levels: One, Living area: 2612, 1 story
Cooling
CentralAir
Garage
2 spaces
Heating
None, SeeRemarks
Interior Features
SeeRemarks
Laundry
SeeRemarks
Parking
2 open parking spaces, 4 totals parking, Driveway
Pool
None
Roof
SeeRemarks
Utilities
SeeRemarks
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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