$1,710,000
$1,745,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
4 Baths
2,800 SqFt
SOLD DATE : 02/29/2024
Key Details
Sold Price $1,710,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $610
MLS Listing ID 240000710SD
Sold Date 02/29/24
Bedrooms 9
Full Baths 4
HOA Y/N No
Year Built 1951
Property Description
PRICE REDUCED! a well-located student rental offered at 6.3% CAP Rate WITH MANAGEMENT in place! 5111-13 Tipton is a stone's throw from the SDSU Campus in one of the most desired neighborhood by students. This fully remodeled 5bed/3ba House plus 4bed/2ba ADU totals 9beds/5baths. The property is currently rented through August 2024 for for $10,500 per month! 2024-25 school year is partially leased and expected to bring in $12,400 per month! Current management is very effective in negotiating high rental lease rates and is willing to continue if desired. Excellent Turn-Key return for an investor. These properties are operate on 12 month leases and just a 3-5 day vacancy between move ins. Student rentals circumnavigate CA Rent control as they typically have new group of students each year.
Location
State CA
County San Diego
Area 92115 - San Diego
Interior
Heating Forced Air, Floor Furnace, Natural Gas
Cooling Central Air, Electric
Fireplace No
Appliance Convection Oven, Electric Range, Gas Range
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage
Exterior
Parking Features Off Street, Other
Fence Wood
Pool None
View Y/N No
Roof Type Asphalt,Composition
Total Parking Spaces 3
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4670820700
Acceptable Financing Cash, Conventional, Cal Vet Loan, 1031 Exchange, VA Loan
Listing Terms Cash, Conventional, Cal Vet Loan, 1031 Exchange, VA Loan
Financing Conventional
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Bought with Vani Bobba • Vani Bobba, Broker
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”