For Sale: 5527 Dorothy Dr, San Diego, CA 92115. 11-bedroom 5-bath, 3357 sf, 1980 San Diego State University $2,149,000 begin new search
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Overview

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
Ownership
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
Rooms
Bedroom Entry Level, Master Bdrm 2, 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
Location
Directions Not Provided
Cross Street Dorothy and 55th
Market Area Metro Uptown
Neighborhood San Diego State University
School District Not Listed
Public Records
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

School District: San Diego Unified

Zip Code: 92115

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
Features
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
Monthly Payment Calculator
Listing Source
Platform SDMLS
AOR San Diego Association of REALTORS (SDAR)
MLS Number 230016466
Courtesy of South Coast Commercial, Inc.
Exterior
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