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Price reduced! Turn-Key 5.5% CAP rate passive investment! Pleased to present for sale a well-located student rental on a double-wide lot by San Diego State. 5527 Dorothy is a stone's throw from the SDSU Campus in the most desired neighborhood by students. This fully remodeled 7/3 House plus 4/2 ADU totals 11beds/5baths, has stunning valley views off the back deck, and is currently rented through August 2024 for for $13,900 per month! A 5.5% CAP rate on current numbers WITH MANAGEMENT in place! Current mgmt is very effective in negotiating high rental lease rates and is willing to stay on at 6% GSI. Excellent Turn-Key return for an investor. Residential OR Commercial financing and rate options available! Student rentals circumnavigate CA Rent control as they typically have new student groups each year. Shown with accepted offer only. Current mgmt is very effective in negotiating high rental lease rates and is willing to stay on at 6% GSI. Excellent Turn-Key return for an investor. Residential OR Commercial financing and rate options available! Student rentals circumnavigate CA Rent control as they typically have new student groups each year. Shown with accepted offer only.
Address |
5527 Dorothy Dr
San Diego, CA 92115 |
Listing Status | ACTIVE |
Asking Price | $2,149,000 |
Original Listing | $2,195,000 @ 2023-08-23 |
Terms | Cal Vet,Cash,Conventional,Exchange,FHA,VA,Cash To New Loan,Submit |
Age Restriction | N/K |
Property Type | Fee Simple |
Total Units | 1 building / complex |
Property Restrictions | None Known |
Sales Restrictions | N/K |
Mello-Roos Fee | $0 |
HOA Fee | $0 |
HOA Features | N/K |
Square Footage | 3357 sf |
Bedrooms | 11 + 0 optional |
Full Bathrooms | 5 |
Family Room | 10x10 |
Living Room | 12x10 |
Dining Room | 10x10 |
Kichen | 10x10 |
Master Bedroom | 12x10 |
2nd Bedroom | 12x10 |
3rd Bedroom | 12x10 |
4th Bedroom | 12x10 |
5th Bedroom | 12x10 |
Directions | Not Provided |
Cross Street | Dorothy and 55th |
Market Area | Metro Uptown |
Neighborhood | San Diego State University |
School District | Not Listed |
County | San Diego |
Assessor Parcel# | 466-160-14-00 |
Zoning | R-1:SINGLE |
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 | 15.3 miles |
Year Built | 1980 |
Laundry Location | Inside |
Elevator | Not Listed |
Cooling | Attic Fan, Other/Remarks |
Heating | Natural Gas Radiant, Wall/Gravity |
Sewer/Septic | Sewer Connected |
Fireplaces | Not Listed |
Equipment | Dishwasher, Range/Oven, Refrigerator, Range/Stove Hood, Built-In |
Platform | SDMLS |
AOR | San Diego Association of REALTORS (SDAR) |
MLS Number | 230016466 |
Courtesy of | South Coast Commercial, Inc. |
https://www.californiatophomes.com/230016466
Style | Detached 1 Story |
Material | Stucco |
Lot Size | .25 to .5 AC ~ 11,600 sf |
Fencing | Full,Gate,Wood |
Topography | Bluff/Canyon Rim |
Roof | Composition |
Swimming Pool | N/K |
Exclusive Yard | No |
Parking |
Total Spaces: 4
Garage Spaces: 0
Non-Garage Spaces:
4 -
Driveway
|
View | Not Listed |