Listing provided courtesy of Daniel Sipher of JLM Real Estate Inc. Last updated 2024-12-05 09:11:21.000000. Listing information © 2024 Sandicor.

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Asking Price: $1,749,999

5129 Leo St, San Diego CA 92115

Community: 92115 - San Diego

This property was built in 1954 and is priced at $1,749,999. Please see the additional details below.

0 Sq Ft
0 bathrooms
0 bedrooms
MLS#: 240026167SD
Type:
Year Built: 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.

Call or Email Ever Eternity now to inquire about this property

858-688-4113

Information

Address:	1111 Prospect St, Suite 100 La Jolla CA 92037
Phone:	858-688-4113
E-mail:	Send a Message
DRE#:	01794847

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