5129 Leo Street
$1,749,999
8
4
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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.
- Listed by Daniel A Sipher • DRE #02043589 • Brokerage DRE #02168226 • JLM Real Estate Inc
- Listed by Jason J Lee • DRE #02068011 • Brokerage DRE #02168226 • JLM Real Estate Inc
Property Details for 5129 Leo Street
Area
San Diego (92115)
NeighborhoodSDSU/College Area
City Postal IDSAN DIEGO (92115)
Cross Street(s)Leo St & Saranac St
LISTING UPDATED: 11/06/2024 01:19 PM
Property Details for 5129 Leo Street
Status | Active |
---|---|
MLS # | 240026167 |
Days on Market | 14 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1954 |
Lot Size | - |
County | San Diego County |
Building Information for 5129 Leo Street
Stories1Residences-Year Built1954Building Size-Lot Size-
Property Information for 5129 Leo Street
Property History for 5129 Leo Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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