5129-31 Leo St, San Diego CA, 92115

Active

5129-31 Leo St

San Diego CA, 92115

$1,849,000

$707.89 per sqft

Active

8 Beds

4 Baths

2,612 sqft

Residential

Built in 1954

Prime Value-Add opportunity walking distance from SDSU! This property, ideally located for off-campus student housing, ensures strong rental demand and high rental income. The front house offers 4 bedrooms and 2 bathrooms, generating $5,300 monthly, while the second unit (which is a new construction ADU) boasts 4 bedrooms and 2 bathrooms, bringing in $5,200 monthly. This ADU also has Solar which is fully paid off. With its unbeatable location and consistent rental demand, this property promises a steady and lucrative income stream. Currently, the property generates $10,500 in monthly income, but with updates to the front house, it has the potential to exceed $11,600 per month.

240022287

MLSⓇ ID

September 19, 2024

Listed

October 2, 2024

Updated

Map

5129-31 Leo St
San Diego CA, 92115

Interior Features

Bedrooms: 8
Total Bathrooms: 4
Full Bathrooms: 4
Interior Features: Counter Top
Appliances: Gas Oven
Laundry Description: None, Other/Remarks
Fireplace: No
Cooling: Yes
Cooling Description: Central Air, Wall/Window Unit(s)
Heating: No
Heating Description: Other/Remarks, None

Exterior/Building Features

Roof: Other
Sewer: Other

Other Property Details

Area Name: Metro Uptown
Days on Market: 4
Garage: Yes
Garage Spaces: 2
Parking: Garage(Attached), Non-Garage(Driveway)
Parking Total: 4
View: No
County: San Diego
Water Source: None, Other
Pool: No
Pool Features: None

Listed by JLM Real Estate Inc, Daniel A Sipher,
Listing Contact: 408-368-5225

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Data last updated 5:00 AM UTC, 10/2/2024