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Description Open House Details Location Market Trends Schools Recent Sales
$1,749,999 Est. $6,444 / mo.*

5129 Leo St San Diego , CA 92115

Courtesy of JLM Real Estate Inc

Description

8 Beds
4 Baths
2,612 Sqft
Status: Active
Property Type: Detached
Year Built: 1954
Neighborhood: Sdsu/college Area
Days on Website: 19
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.

Open House

Property Details and Features

Bathrooms
4 full bathrooms
4 total bathrooms
Bedrooms
8 bedrooms
8 total bedrooms
Second Bedroom
6x8 square feet
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Contact an Agent

Colleen K. Cotter

619 804-6840

Location

$1,749,999 -
5129 Leo St San Diego , CA 92115
County: San Diego

Street View

Nearby Schools

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