5129 Leo St, San Diego Property Listing: MLS® #240026171

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.

5129 Leo St, San Diego Property Listing: MLS® #240026171 Close
Page Summary
  • 619-987-4851
NEW
  • MLS® #: 240026171
  • 5129 Leo St
  • San Diego, CA 92115
  • $1,749,999
  • 8 Beds, 4 Bath, 2612 SqFt
  • Office: Jlm Real Estate Inc

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.

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Essential Information

  • MLS® #240026171
  • Listing Price$1,749,999
  • Original Listing Price$1,749,999
  • List Price per Square Foot$669.98
  • Date ListedNovember 6th, 2024
  • Bedrooms8
  • Bathrooms4.00
  • Full Baths4
  • Square Footage2,612
  • Acres0.00
  • Garage Parking2
  • Year Built1954
  • TypeResidential
  • Sub-TypeDetached
  • StatusACTIVE

Dues

  • HOA Dues$0

Community Information

  • Address5129 Leo St
  • AreaSAN DIEGO (92115)
  • SubdivisionSDSU/College Area
  • CitySan Diego
  • CountySan Diego
  • StateCA
  • Zip Code92115

Amenities

  • UtilitiesOther/Remarks
  • Parking Spaces2
  • ParkingAttached
  • PoolN/K

Interior

  • HeatingN/K, Other/Remarks
  • CoolingCentral Forced Air
  • # of Stories1

Exterior

  • ExteriorOther/Remarks
  • RoofOther/Remarks
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Listing information last updated on November 27th, 2024 at 7:23am PST.