Listing ID230005073
Price$1,175,000
Price/SqFt$666.10
StatusACTIVE
Bedrooms6
Total Baths3
Full Baths3
SqFt
1,764
CountySan Diego
Year Built1951
Property TypeResidential
Property Sub TypeDetached
Outstanding Investment Opportunity! Presenting a fully turn-key, "minidorm" style student rental situated in a prime location, just steps away from SDSU. Nestled on a sought-after street renowned for student rentals, this 6-bedroom property is currently leased for $6,000 per month to a group of SDSU students. A new lease with a fresh group of SDSU students is set to commence on July 5, 2023, at an increased rate of $6,900 per month. The current owner has meticulously remodeled and expanded the house, obtaining necessary permits to add bedrooms, bathrooms, and convert the garage. All work was carried out under the guidance of a leading student housing expert management company in this highly desirable area. Explore the potential to build an ADU on the property, as neighboring homes have successfully rented their ADUs for $4,500+ per month. Due to the consistently high demand for student rentals in this prime location, the property has experienced annual rent increases nearly every single year per the owner. With its proximity to SDSU, this investment offers low vacancy, ensuring a stable and reliable income stream. Expertly managed by a top-notch student rental management company, this property offers an unbeatable location close to campus, shopping centers, dining options, and convenient freeway access. The spacious backyard features a jacuzzi, providing an excellent space for relaxation and entertainment. Don't miss your chance to capitalize on this exceptional income-generating opportunity!
County
San Diego
Price/SqFt
666.1
Property Sub Type
Detached
Property Type
Residential
Year Built
1951
Bedroom 2 Dimensions
13x10
Bedroom 3 Dimensions
14x11
Bedroom 4 Dimensions
10x10
Bedroom 5 Dimensions
10x0
Bedrooms 2
6
Cooling
N/K
Dining Room Dimensions
Combo
Elevator
no
Equipment
Dishwasher, Disposal, Dryer, Refrigerator, Washer, Gas Range
Family Room Dimensions
10x10
Heat Equipment
N/K
Heat Source
Natural Gas
Kitchen Dimensions
18x13
Laundry Location
Closet Stacked
Levels
1 Story
Living Room Dimensions
22x13
Master Bedroom Dimensions
14x11
Searchable Rooms
Bedroom Entry Level, Bonus Room, Dining Area, Family Room, Great Room, Master Bdrm 2, MBR Entry Level, Optional Bedrooms
Total Stories
1
Exterior
Wood
Fencing
Full
Laundry Utilities
Gas & Electric Dryer HU
Lot Size
4,000-7,499 SF
Lot SqFt Approximate
7000
Neighborhood
College Area SDSU
Parking Garage
None Known
Parking Non-Garage
Driveway
Parking Spaces Total
4
Parking Non-Garaged Spaces
4
Pool
N/K
Roof
Composition
Sewer/Septic
Sewer Connected
Water
Meter on Property
Community
SAN DIEGO
Country
United States
Market Area
Metro Uptown
Topography
Level
Zip/Area
SAN DIEGO (92115)
Year Built Source
Assessor
Age Restrictions
N/K
Ownership
Fee Simple
Property Restrictions Known
None Known
Sale/Rent
For Sale
Sales Restrictions
N/K
Short Sale
no
Terms
Cash, Conventional
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