Sold
Closed
5129 Leo St
San Diego CA, 92115
$1,680,000
Sold
Closed
Residential
Built in 1954
Listed by Daniel Sipher with JLM Real Estate Inc 408-368-5225
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.
240026167SD
MLSⓇ ID
November 6, 2024
Listed
January 2, 2025
Updated
Map
5129 Leo St
San Diego CA, 92115
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Exterior/Building Features
Other Property Details
Area Name
92115 - San Diego
Days on Market
20
Garage
No
Parking Total
0
View
No
County
San Diego
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
1/2/2025 | Sold | $1,680,000 |
12/4/2024 | Pending | — |
Listing Contact: 949-207-8321
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Data last updated on 1/2/2025 at 9:44 PM UTC