Listing Agent: Daniel Sipher Broker/Office: Landmark Multifamily and Development
5205 Tipton St San Diego CA 92115
$ 949,000
2
| 1
| 936 Sq Feet
Listing ID
#260019625SD
Status
Active
Property Type
Single Family Residence
County
San Diego
Year Built
1951
Days on website
9
Description
A rare value-add opportunity in the heart of the SDSU rental corridor. This SDA-zoned lot is ready for an investor or developer to move fast.The existing SFR has immediate upside through a garage conversion and full remodel, creating a large 5BD/2BA unit built for student rentals. There's also room to add a second unit, a 1,200 sqft ADU configured as a 5BD/2BA, for a two-unit income property just steps from campus. Once stabilized, the property is projected to generate $12,000/month in gross rental income. All square footage, unit counts, development potential, and rental projections should be independently verified by buyer.
Financial Information
List Price:
$ 949000
Property Features
Construction Materials:
Stucco
Fencing:
Partial
Levels:
One
Parking Features:
Driveway
Senior Community YN:
false
MLS Area Major:
92115 - San Diego
City:
San Diego
Senior Community YN:
false
Listed By:
Daniel Sipher
Landmark Multifamily and Development
CA Lic#
CA Lic#