5129 Leo Street

San Diego, CA 92115

$1,749,999
Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime opportunity walking distance from SDSU and generates $11,240 of gross rents! This is a value-add property with the opportunity to increase rents further to $12,000+ per month. Ideally located for off-campus student housing, ensures strong rental demand and high rental income. The front house offers 4 bedrooms and 2 bathrooms, now generating $6,040 monthly, while the second unit (new construction ADU) also boasts 4 bedrooms and 2 bathrooms, bringing in $5,200 monthly. This unit includes paid...Prime opportunity walking distance from SDSU and generates $11,240 of gross rents! This is a value-add property with the opportunity to increase rents further to $12,000+ per month. Ideally located for off-campus student housing, ensures strong rental demand and high rental income. The front house offers 4 bedrooms and 2 bathrooms, now generating $6,040 monthly, while the second unit (new construction ADU) also boasts 4 bedrooms and 2 bathrooms, bringing in $5,200 monthly. This unit includes paid off Solar. Currently a 5.5% Cap Rate, this property has the ability to maximize rents to a pro forma 5.8% Cap Rate. With its unbeatable location and consistent rental demand, this property promises a steady and lucrative return.
  1. Listed by Daniel A Sipher • DRE #02043589 • Brokerage DRE #02168226 • JLM Real Estate Inc
  2. Listed by Jason J Lee • DRE #02068011 • Brokerage DRE #02168226 • JLM Real Estate Inc

Property Details for 5129 Leo Street

Area
San Diego (92115)
Neighborhood
SDSU/College Area
City Postal ID
SAN DIEGO (92115)
Cross Street(s)
Leo St & Saranac St
LISTING UPDATED: 11/06/2024 01:19 PM

Property Details for 5129 Leo Street

StatusActive
MLS #240026167
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size-
CountySan Diego County

Building Information for 5129 Leo Street

Stories1Residences-Year Built1954Building Size-Lot Size-

Property Information for 5129 Leo Street

Summary Information
Property and Location
  • System ID: 240026167
  • Class: 2-4 UNITS
  • Levels: 1 Story
  • Year Built: 1954
  • Street Number Numeric: 5129
  • Street Name: Leo St
  • Age Restrictions: N/K
  • Market Area: Metro Uptown
HOA and Fees
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 2
  • Num of Units w/Cooling: 2
  • Cooling: Central Air
Exterior Features
  • Exterior: Other/Remarks
  • Roof: Other/Remarks
  • Fencing: Other/Remarks
  • Security: Other/Remarks
Property Information
Property and Assessments
  • Total Stories: 1
  • Entry Only: No
  • Lot Size: 7,500-10,889 SF
  • Lot Size Source: Assessor Record
  • Complex/Park: SDSU/College Area
  • Assessors Parcel Num: 467-123-10-00
Multi Family Information
Unit 1
  • Unit 1 Num of Bedrooms: 4
  • Unit 1 Num of Total Baths: 2
  • Unit 1 Deposit: $0
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: No
  • Unit 1 Occupied: Tenant
  • Unit 1 Prkng Garage Space: 2
  • Unit 1 Projected Rent: $6,200
  • Unit 1 Rent Actual: $6,040
Unit 2
  • Unit 2 Num of Bedrooms: 4
  • Unit 2 Num of Total Baths: 2
  • Unit 2 Deposit: $0
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: No
  • Unit 2 Occupied: Tenant
  • Unit 2 Projected Rent: $6,200
  • Unit 2 Rent Actual: $5,200
Unit 3
  • Unit 3 Num of Total Baths: 0
Unit 4
  • Unit 4 Num of Total Baths: 0

Property History for 5129 Leo Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5129 Leo Street

Taxable ValueLand$707,472Additions$145,656Total$853,128
Tax Record2024$10,512 ($876 / month)
Home Facts
Beds3Total Finished SqFt1,412 SqFtAbove Grade Finished SqFt1,412 SqFtLot Size5,900 SqFtStyleSingle Family ResidenceYear Built1954ZoningR-1:SINGLE FACountySAN DIEGOAPN467-123-10-00

Schools near 5129 Leo Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Hardy Elementary School
PublicK to 5

Clay Elementary School
PublicK to 5

Lewis Middle School
Public6 to 8

Patrick Henry High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5129 Leo Street is a multi-family home for sale in San Diego, CA 92115. This property was listed for sale on November 6, 2024 by JLM Real Estate Inc, it's currently listed at $1,749,999. It has been on the market for a total of 14 days and was last sold on December 9, 2021. This listing's school district is San Diego Unified School District. Nearby schools include Hardy Elementary School, Clay Elementary School and Lewis Middle School. 5129 Leo Street is a 8-bed, 4-bath, multi-family home built in 1954.

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Listing Courtesy of JLM Real Estate Inc, Daniel A Sipher, DRE #02043589; JLM Real Estate Inc, Jason J Lee, DRE #02068011

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