5129 Leo St, San Diego, CA, 92115
5129 Leo StSan Diego, CA 92115
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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.
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 3 weeks ago | Status changed to Pending | |
| 2 months ago | Listing first seen on site |
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Data last update at 2024
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