Sold
5261 Tipton
San Diego CA, 92115
$1,070,000
$606.58 per sqft
Sold
6 Beds
3 Baths
1,764 sqft
Residential
Built in 1951
Outstanding Investment Opportunity! Presenting a fully turn-key, "minidorm" style student rental situated in a prime location, just steps away from SDSU. Nestled on a sought-after street renowned for student rentals, this 6-bedroom property is currently leased for $6,000 per month to a group of SDSU students. A new lease with a fresh group of SDSU students is set to commence on July 5, 2023, at an increased rate of $6,900 per month. The current owner has meticulously remodeled and expanded the house, obtaining necessary permits to add bedrooms, bathrooms, and convert the garage. All work was carried out under the guidance of a leading student housing expert management company in this highly desirable area. Explore the potential to build an ADU on the property, as neighboring homes have successfully rented their ADUs for $4,500+ per month. Due to the consistently high demand for student rentals in this prime location, the property has experienced annual rent increases nearly every single year per the owner. With its proximity to SDSU, this investment offers low vacancy, ensuring a stable and reliable income stream. Expertly managed by a top-notch student rental management company, this property offers an unbeatable location close to campus, shopping centers, dining options, and convenient freeway access. The spacious backyard features a jacuzzi, providing an excellent space for relaxation and entertainment. Don't miss your chance to capitalize on this exceptional income-generating opportunity!
230005073
MLSⓇ ID
March 13, 2023
Listed
February 15, 2024
Updated
Map
5261 Tipton
San Diego CA, 92115
Interior Features
Total Stories
1
Bedrooms
6 Beds
Bathrooms
3 Baths
Appliances
Dishwasher, Disposal, Dryer, Refrigerator, Washer, Gas Range
Laundry Description
Closet Stacked, Gas Electric Dryer HU
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Heating Description
Natural Gas, None
Exterior/Building Features
Roof
Composition
Sewer
Sewer Connected
Other Property Details
Area Name
Metro Uptown
Days on Market
37
Garage
No
Parking
Garage(None Known), Non-Garage(Driveway)
Parking Total
4
View
No
County
San Diego
Water Source
Meter on Property
Pool
No
Pool Features
None
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
5/1/2023 | Price Change | $1,070,000 -1% |
5/1/2023 | Unknown | — |
4/20/2023 | Pending | — |
4/14/2023 | Price Change | $1,075,000 -5% |
Listed by Fantastik Realty, Robert Brown,
Listing Contact: 858-397-3108
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