5129 Leo Street

San Diego, CA 92115

$1,680,000
Last Sold Price
8
Beds
2,612 Sq. Ft.
$643 / Sq. Ft.
2,612
Sq. Ft.
$643
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 • 408-368-5225
  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: 01/02/2025 10:31 AM

Property Details for 5129 Leo Street

StatusSold
MLS #240026171
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1954
Lot Size-
CountySan Diego County

Building Information for 5129 Leo Street

Stories1Year Built1954Building Size-Lot Size-

Property Information for 5129 Leo Street

Summary Information
Property and Location
  • System ID: 240026171
  • Class: RESIDENTIAL
  • Residential Styles: Detached
  • Levels: 1 Story
  • Year Built: 1954
  • Street Number Numeric: 5129
  • Street Name: Leo St
  • Age Restrictions: N/K
  • Market Area: Metro Uptown
  • Ownership: Other/Remarks
Parking
  • Parking Garage: Attached
  • Parking Non-Garage: Driveway
  • Parking Garage Spaces: 2
  • Number of Parking Spaces: 2
HOA and Fees
  • Home Owner Fees: $0
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heat Equipment: N/K, Other/Remarks
  • Heat Source: Other/Remarks
  • Laundry Location: Other/Remarks
  • Equipment: Microwave, N/K
  • Laundry Utilities: Other/Remarks
  • Optional Bedrooms: 0
  • Interior Features: Other
  • Bedrooms Count: 8
  • Searchable Rooms: Other/Remarks
  • Primary Bedroom Dimensions: 8x10
  • Bedroom 2 Dimensions: 6x8
  • Bedroom 3 Dimensions: 6x8
  • Bedroom 4 Dimensions: 6x8
Interior Dimensions
  • Bedroom 5 Dimensions: 6x8
  • Dining Room Dimensions: 10x12
  • Family Room Dimensions: 10x12
  • Kitchen Dimensions: 10x12
  • Living Room Dimensions: 10x12
Exterior Features
  • Exterior: Other/Remarks
  • Roof: Other/Remarks
  • Fencing: Other/Remarks
  • Pool: N/K
  • Square Footage: 2612
Property Information
Property and Assessments
  • Total Stories: 1
  • Entry Only: No
  • Lot Size: 4,000-7,499 SF
  • Lot Size Source: Assessor Record
  • Topography: Other/Remarks
  • Assessors Parcel Num: 467-123-10-00
Utilities
  • Utilities: See Remarks
  • Water: Other/Remarks
  • Sewer/Septic: Other/Remarks
Multi Family Information
Building Details
  • Heating: See Remarks, None

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.

Similar Homes

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Similar Sold Homes

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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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