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Pleased to present a well located student rental property with ADU PLANS APPROVED by end of May! Immediate value add potential just a short walk to the center of the San Diego State University campus. 5137 Rincon is a large corner lot comprised of an existing 7bed/4bath main house and plans to add an attached 1200 SF ADU in the back yard. The house is advertised for $7,000 per month and has major further potential for rent growth. Estimated 7.4% CAP rate after costs with ADU buildout and 3rd party management! Ability to further optimize the land use by enclosing the front yard space. Student rentals circumvent CA Rent control as they typically have new student groups each year. Shown with accepted offer only – virtual walk through link available. contact agent for details, building plans, and management/contractor referrals.
Address |
5137 Rincon
San Diego, CA 92115 |
Listing Status | ACTIVE |
Asking Price | $1,249,000 |
Original Listing | $1,249,000 @ 2023-05-01 |
Terms | Conventional |
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 | 2039 sf |
Bedrooms | 7 + 0 optional |
Full Bathrooms | 4 |
Family Room | 10x10 |
Living Room | 10x12 |
Dining Room | 10x10 |
Kichen | 10x9 |
Master Bedroom | 10x10 |
2nd Bedroom | 12x15 |
3rd Bedroom | 10x12 |
4th Bedroom | 10x10 |
5th Bedroom | 10x10 |
Directions | Montezuma to ewing to rincon |
Cross Street | Rincon and Ewing |
Market Area | Metro Uptown |
Neighborhood | San Diego State University |
School District | Not Listed |
County | San Diego |
Assessor Parcel# | 467-083-03-00 |
Zoning | RS 1-7 |
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 | 16.5 miles |
Year Built | 1951 (source: Assessor) |
Laundry Location | Laundry Room |
Elevator | Not Listed |
Cooling | Attic Fan |
Heating | Natural Gas Radiant |
Sewer/Septic | Sewer Connected,Public Sewer |
Fireplaces | Not Listed |
Equipment | Dishwasher, Gas & Electric Range, Barbecue, Gas Cooking |
Platform | SDMLS |
AOR | San Diego Association of REALTORS (SDAR) |
MLS Number | 230009092 |
Courtesy of | South Coast Commercial, Inc. |
https://www.californiatophomes.com/230009092
Style | Detached 1 Story |
Material | Stucco |
Floor Level | 1 |
Lot Size | 7,500-10,889 SF ~ 7,600 sf |
Fencing | Gate,Wood |
Topography | Level |
Roof | Composition |
Swimming Pool | N/K |
Exclusive Yard | Yes |
Parking |
Total Spaces: 3
Garage Spaces: 0
Non-Garage Spaces:
3 -
Driveway - Concrete
|
View | Not Listed |