Tucked away in the highly desirable College View Estates neighborhood near San Diego State University, 5386 Penny Place presents a rare opportunity to own a versatile move-in-ready property with incredible long-term potential. The flexible floor plan features 4 bedrooms and 3 full bathrooms, including two en-suite bedrooms that provide ideal separation and functionality for a variety of living arrangements. The additional bedrooms are well-sized and share a third full bath, creating a layout that adapts effortlessly to changing needs over time. Inside, the kitchen was recently refreshed with updated tile flooring and offers a functional footprint ready for everyday living or future customization. A newer roof and updated electrical and HVAC systems provide added peace of mind, while the homes strong rental history over the past 13 years highlights its consistent appeal and investment potential. Additional improvements include a new water heater and bathroom faucets, as well as newer kitchen appliances, interior and exterior paint, a recently constructed wood front deck and stairs, a concrete walkway, an updated gutter system, and a newer garage door with automatic opener. A detailed list of improvements completed over the past three years is available upon request. Step outside to enjoy the expansive backyard, where canyon views, privacy, and low-maintenance landscaping create a peaceful outdoor setting with endless possibilities. Whether envisioning an entertainers retreat, garden oasis, or future value-add improvements, the oversized lot offers room to bring your ideas to life. Complete with a two-car garage and an unbeatable central location near San Diego State University, parks, restaurants, and commuter routes, 5386 Penny Place is a compelling opportunity for those seeking flexibility and upside in one of San Diegos most established neighborhoods.

Listed by Nikole Ferrari of Swell Property (650) 400-6354



This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2026 San Diego MLS®.

Last checked 2026