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5129 Leo St
San Diego, CA, 92115
$1,749,999
8 Beds
4 Baths
2,612 SqFt
0 Acres
MLS #240026171SD img 0MLS #240026171SD img 1MLS #240026171SD img 2MLS #240026171SD img 3MLS #240026171SD img 4MLS #240026171SD img 5MLS #240026171SD img 6MLS #240026171SD img 7MLS #240026171SD img 8MLS #240026171SD img 9MLS #240026171SD img 10MLS #240026171SD img 11MLS #240026171SD img 12
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.

Property Details

Price:
$1,749,999
MLS #:
240026171SD
Status:
Active
Beds:
8
Baths:
4
Address:
5129 Leo St
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
92115sandiego
City:
San Diego
Listed Date:
Nov 6, 2024
State:
CA
Finished Sq Ft:
2,612
ZIP:
92115
Year Built:
1954
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Thank you for visiting my website. I am Leanne Lager. I have been lucky enough to call north county my home for over 22 years now. Living in Carlsbad has allowed me to live the lifestyle of my dreams. I graduated CSUSM with a degree in Communications which has allowed me to utilize my passion for both working with people and real estate. I am motivated by connecting my clients with the lifestyle of their dreams. I joined Turner Real Estate based in beautiful downtown Carlsbad Village and found …

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Schools

Interior

Appliances
Microwave, None
Cooling
Central Air
Heating
See Remarks, None

Exterior

Garage Spaces
2.00
Parking Features
Driveway
Parking Spots
4.00
Pool Features
None
Roof
See Remarks
Stories Total
1
Water Source
See Remarks

Financial

Utilities
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Map

Community

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