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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