5261 Tipton, San Diego, CA 92115 (MLS # 230005073SD)

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PRICE $1,070,000 dsIDX morgage calculator
BEDS 6
BATHS 3
HOME SIZE 1,764 sqft
LOT SIZE 7,001 sqft

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!

DAYS ON MARKET 43 LAST UPDATED 5/1/2023
TRACT San Diego YEAR BUILT 1951
COMMUNITY San Diego COUNTY San Diego
STATUS Sold PROPERTY TYPE(S) Single Family

PRICE HISTORY
Prior to Mar 29, '23 $1,175,000
Mar 29, '23 - Apr 14, '23 $1,125,000
Apr 14, '23 - Today $1,075,000


ADDITIONAL DETAILS
AIR None
APPLIANCES Dishwasher, Disposal, Gas Range, Refrigerator
AREA San Diego
CONSTRUCTION Wood Siding
GARAGE Driveway, Other
HEAT Natural Gas, None
INTERIOR Bedroom on Main Level, Main Level Master
LOT 7000 sq ft
PARKING Driveway,Other
POOL DESCRIPTION None
PRIMARY ON MAIN Yes
STORIES 1
SUBDIVISION San Diego
MORTGAGE CALCULATOR
   

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CONTACT US ABOUT 5261 TIPTON
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Listed with Fantastik Realty

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