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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 |