5129-31 Leo St San Diego, CA 92115

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

Courtesy of JLM Real Estate Inc.

Description

Prime Value-Add opportunity walking distance from SDSU! This property, ideally located for off-campus student housing, ensures strong rental demand and high rental income. The front house offers 4 bedrooms and 2 bathrooms, generating $5,300 monthly, while the second unit (which is a new construction ADU) boasts 4 bedrooms and 2 bathrooms, bringing in $5,200 monthly. This ADU also has Solar which is fully paid off. With its unbeatable location and consistent rental demand, this property promises a steady and lucrative income stream. Currently, the property generates $10,500 in monthly income, but with updates to the front house, it has the potential to exceed $11,600 per month.

Open House

Property Details and Features

  • 4 full bathrooms
  • 4 total bathrooms
  • 8 bedrooms
  • 8 total bedrooms
  • 6x8 square feet
  • 6x8 square feet
  • 6x8 square feet
  • 6x8 square feet
  • 2,612 estimated square feet
  • Source: Assessor Record
  • Built in 1954
  • other/remarks
  • Central Forced Air
  • Wall/Window
  • 10x12 square feet
  • Stucco
  • 10x12 square feet
  • Other/Remarks
  • Other/Remarks
  • Kitchen is 10x10 feet
  • Other/Remarks
  • Other/Remarks
  • Source: SDMLS
  • For Sale
  • Listed on 2024-09-19
  • Community: San Diego
  • County: San Diego
  • 4,000-7,499 SF
  • 10x12 square feet
  • 8x10 square feet
  • 2 garage parking spaces
  • Attached
  • 2 non-garage parking spaces
  • 4 total parking spaces
  • Non-Garage Parking: Driveway
  • Other/Remarks
  • Other/Remarks