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Listed by Landmark Multifamily and Development, Daniel A Sipher, Listing Contact: 408-368-5225 
14 Beds
7 Baths
4,611 sqft

$4,200,000

5602 & 5610 Dorothy Dr, San Diego CA, 92115

Price per sqft$910.87
Built in1984
Property size4,611 sqft
Property typeMulti-family

Overview

Active

Listed May 22, 2026

Updated Aug 11

Two adjacent parcels totaling 13,200 SF with 4 units total, zoned RM-3-9 within the College Area Community Plan Update — a designated Transit Priority Area (TPA) and Sustainable Development Area (SDA). Base zoning supports 23+ units by right at 1 unit per 600 SF, with additional density available through state and local bonus programs. TPA eliminates parking minimums and unlocks density bonus eligibility; SDA supports higher-intensity infill. Currently operating as student rentals — each property (SFR + attached ADU) is master-leased as a single unit. 5602 Dorothy Dr (7BR/3BA, 2,111 SF) leases at $11,600/month through 25/26, stepping up to $11,800/month for 26/27. 5610 Dorothy Dr (7BR/4BA, 2,500 SF) leases at $11,600/month through 25/26, stepping up to $11,850/month for 26/27 — totaling $23,200/month currently, escalating to $23,650/month with no lease-up risk.

$27,943/mo

Est. mortgage payment based on a $4,200,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
260012515

Interior Features

Bedrooms
14
Bathrooms
7
Cooling
Yes
Basement
No

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Data last updated 5:04 AM UTC, 8/11/2026

   

 

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