Current 5.3% CAP rate with management in place! Pleased to present for sale a student rental just a stone’s throw to San Diego State University. This fully remodeled 5bed/2bath home and 3bed/1ba ADU to two student groups for a combined $8,700/month through July 2023. Current management is very effective in negotiating high rental lease rates and is willing to stay on if desired. They expect to prelease for the 23-24 school year in coming months at $9,000+ per month (5.6% CAP rate!). Excellent Turn-Key return for an investor!

Date Added: 9/26/22 at 5:00 am
Last Update: 10/26/22 at 5:38 am

Interior

  • General2 Staircases, Kitchen Island
  • LaundryCloset Stacked, Inside
  • FlooringWood
  • A/CAttic Fan
  • HeatingWall/ Gravity, Natural Gas
  • FireplaceFP in Family Room, Bonus Room, Fireplaces: 2

Exterior

  • GeneralStucco, Wood/ Stucco
  • PoolNone
  • ParkingDriveway, Parking spaces: 4

Construction

  • RoofingAsphalt, Shingle
  • General1 Story

Location

  • HOAYes
  • HOA Amenities0.0

Lot

  • TopographyLevel
  • Zoning467-311-07-00
  • FencingGate, Wood
  • RestrictionsNone Known
  • ViewValley/ Canyon

Utilities

  • UtilitiesSewer Connected
  • WaterMeter on Property
  • SewerSewer Connected

Financial

  • SourceSDMLS, SDMLS
  • OwnershipFee Simple

Schools

  • DistrictSan Diego City Unified School District

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