5261 Tipton

San Diego, CA, 92115

$1,175,000

$666 per ft²
$1,175,000
$666 per ft²
Active
Active
 - For Sale
beds
6 Beds
baths
3 Baths
carpenters-square
1,764 ft²
property_type
Residential
calendar
Built 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!
MLS® ID:
230005073
Listed:
3/12/23
Updated:
3/21/23

Interior Features

Kitchen Appliances
Dishwasher, Disposal, Dryer, Refrigerator, Washer, Gas Range
Total Bedrooms
6
Full Bathrooms
3
Laundry Description
Closet Stacked, Gas Electric Dryer HU
Cooling
None
Heating
Natural Gas, None

Exterior/Building Features

Roof
Composition
Sewer
Sewer Connected

Other Property Details

Area Name
Metro Uptown
Garage
Yes
Parking
Garage(None Known), Non-Garage(Driveway)
Parking Total
4.0
View
N
County
San Diego
Water Source
Meter on Property
Pool
No
Pool Description
None
Total Stories
1
Buyer Agency Compensation
2.5

Property History

Date
Event
Price
Value
3/19/23
Active
-
-

Courtesy of Fantastik Realty, Robert Brown,
Listing Contact: 858-397-3108 

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Data last updated 7:41 PM UTC, 3/21/23

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