Pleased to present 4840-42 College Avenue, a student rental property just a short walk from the SDSU campus and positioned on a 46,595 sqft canyon lot. The property consists of a renovated 5bed/3bath house renting for $5,050 in front AND a brand new 2020 construction 4bd/2ba ADU in back renting for $4,000. In total the property is rented for $9,050 through the summer of 2022. This is a great opportunity for a 1031 exchange investor looking for a great return around a 5% CAP rate and minimal maintenance. Current management is effective in negotiating high rental lease rates and is willing to stay on if desired. The 1+ Acre canyon lot lends its self to future development opportunities. Sewer: Sewer Connected Topography: ,RSLP,SSLP

Overview

  • NeighborhoodSan Diego State
  • Year Built1946
  • FencingRedwood
  • TopographyBluff/Canyon Rim, Rolling, Slope Steep
  • Lot Sq Ft46595
  • ExteriorStucco
  • RoofingShingle
  • Parking/GarageNone Known
  • Parking/Garage Spaces2
  • HeatingForced Air Unit
  • Heat SourceNatural Gas
  • CoolingAttic Fan, Electric
  • WaterMeter On Property
  • Sewer/SepticSewer Connected

Features

  • Equipment6 Burner Stove, Gas & Electric Range, Gas Oven, Gas Stove, Gas Range
  • PoolAbove Ground
  • Security
  • Floor Coverings

Rooms

  • Bedrooms9
  • Full Baths5

    Video

    powered by

    What's Nearby?

    Restaurants
    Coffee Shops
    Grocery
    Education

    Map