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Key Details
Sold Price $1,603,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,570 sqft
Price per Sqft $623
Subdivision Talmadge
MLS Listing ID 210032913
Sold Date 02/07/22
Style Detached
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1954
Lot Size 5,800 Sqft
Acres 0.13
Property Description
Pleased to present for sale a student rental property across the street from San Diego State University campus. 5079-81 55th Pl, is comprised of a 4bed/2bath house with a NEW CONSTRUCTION 4bed/2ba ADU in back. Offered at a current 4.5% Cap rate. These units are ready to be rented to students with the potential to bring in $5,000 for the main house and $4,500 for the ADU. The front house has received minor upgrades, but has room for rent growth if the kitchen and bathrooms are remodeled. The ADU construction was completed in 2021 with modern finishes throughout. Properties in this pocket have unequivocal student demand and bring in premium rents. Don't miss this unique opportunity to own 2 houses on 1 lot this close to campus.
Location
State CA
County San Diego
Community Talmadge
Area San Diego (92115)
Rooms
Family Room 10x10
Guest Accommodations Detached
Master Bedroom 10x10
Bedroom 2 10x10
Bedroom 3 10x10
Bedroom 4 10x10
Bedroom 5 10x10
Living Room 15x15
Dining Room 10x10
Kitchen 10x10
Interior
Heating Natural Gas
Flooring Linoleum/Vinyl, Wood
Fireplaces Number 1
Equipment Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, N/K, Gas Oven, Gas Stove, Gas Range
Appliance Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, N/K, Gas Oven, Gas Stove, Gas Range
Laundry Garage
Exterior
Exterior Feature Wood/Stucco
Parking Features Attached, Garage
Garage Spaces 2.0
Fence Full, Electric
Roof Type Copper
Total Parking Spaces 6
Building
Story 2
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 2 Story
Others
Ownership Fee Simple
Acceptable Financing Assumable, Cal Vet, Cash, Conventional, Exchange, FHA, VA
Listing Terms Assumable, Cal Vet, Cash, Conventional, Exchange, FHA, VA
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Bought with Vani S Bobba • Vani Bobba, Broker
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