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
See this Listing
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
See Remarks
Map
Community
- Address5129 Leo St San Diego CA
- Area92115 – San Diego
- CitySan Diego
- CountySan Diego
- Zip Code92115
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Courtesy of JLM Real Estate Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Leanne include the name of the listing broker. Neither the listing company nor Leanne shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 5129 Leo St
San Diego, CA
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