Loading Photos
![](/clientlibs/images/loading.gif)
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 groupĀ of students each year.
Address |
5111-13 Tipton
San Diego, CA 92115 |
Listing Status | SOLD |
Sold Price | $1,710,000 |
Asking Price | $1,710,000 |
Original Listing | $1,790,000 @ 2024-01-09 |
Terms | Cal Vet,Cash,Conventional,Exchange,VA |
Sold Terms | Conventional |
Escrow Date | 2024-02-13 |
Closing Date | 2024-02-29 |
Days on MLS | 35 |
Age Restriction | N/K |
Property Type | Fee Simple |
Property Restrictions | None Known |
Sales Restrictions | N/K |
Mello-Roos Fee | $0 |
HOA Fee | $0 |
Square Footage | 2800 sf |
Bedrooms | 9 + 0 optional |
Full Bathrooms | 4 |
Family Room | 10x10 |
Living Room | 10x15 |
Dining Room | 10x5 |
Kichen | 8x10 |
Master Bedroom | 10x12 |
2nd Bedroom | 10x12 |
3rd Bedroom | 10x12 |
4th Bedroom | 10x12 |
5th Bedroom | 10x12 |
Directions | Not Provided |
Cross Street | tipton and 63rd |
Market Area | Metro Uptown |
Neighborhood | SDSU College Area |
School District | Not Listed |
County | San Diego |
Assessor Parcel# | 467-082-07-00 |
Geographic Areas |
Airport Compatibility Zone: Montgomery Field Community College District: San Diego CC |
Highway Locator |
East of I-15 East of I-5 South of I-8 East of I-805 East of SR-163 South of SR-52 |
Ocean Distance | 16.4 miles |
Year Built | 1951 |
Laundry Location | Closet Stacked,Garage,N/K |
Elevator | Not Listed |
Cooling | Attic Fan, Central Forced Air, Electric |
Heating | Natural Gas Floor Furnace, Forced Air Unit |
Sewer/Septic | Sewer Connected |
Fireplaces | Not Listed |
Equipment | Convection Oven, Gas & Electric Range |
Platform | SDMLS |
AOR | San Diego Association of REALTORS (SDAR) |
MLS Number | 240000710 |
Courtesy of | South Coast Commercial, Inc. |
https://www.californiatophomes.com/240000710
Style | Detached 2 Story |
Material | Stucco |
Lot Size | 4,000-7,499 SF |
Fencing | Gate,Wood |
Topography | Level |
Roof | Composition, Asphalt |
Swimming Pool | N/K |
Parking |
Total Spaces: 3
Garage Spaces: 0
Non-Garage Spaces:
3 -
Off Street
|
View | Not Listed |