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5261 Tipton, San Diego, CA 92115

6 Beds

3 Baths

1,764 SqFt

Active

Outstanding Investment Opportunity! Presenting a fully turn-key, "minidorm" style student rental situated in a prime location, just steps away from SDSU. Nestled on a sought-after street renowned for student rentals, this 6-bedroom property is currently leased for $6,000 per month to a group of SDSU students. A new lease with a fresh group of SDSU students is set to commence on July 5, 2023, at an increased rate of $6,900 per month. The current owner has meticulously remodeled and expanded the house, obtaining necessary permits to add bedrooms, bathrooms, and convert the garage. All work was carried out under the guidance of a leading student housing expert management company in this highly desirable area. Explore the potential to build an ADU on the property, as neighboring homes have successfully rented their ADUs for $4,500+ per month. Due to the consistently high demand for student rentals in this prime location, the property has experienced annual rent increases nearly every single year per the owner. With its proximity to SDSU, this investment offers low vacancy, ensuring a stable and reliable income stream. Expertly managed by a top-notch student rental management company, this property offers an unbeatable location close to campus, shopping centers, dining options, and convenient freeway access. The spacious backyard features a jacuzzi, providing an excellent space for relaxation and entertainment. Don't miss your chance to capitalize on this exceptional income-generating opportunity!

Property Details
Price $1,175,000
Bedrooms 6
Full Baths 3
Total Baths 3
Lot Size Area 7000
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Detached
Stories 1
Year Built 1951
Subdivision College Area SDSU
Roof Composition
Heating N/K
Lot Description Level
Laundry Features Closet Stacked
Pool features N/K
Parking Description None Known
Parking Spaces 4
Geographic Data
County San Diego
Market Area Metro Uptown
Address Information
Address 5261 Tipton, San Diego, CA 92115
Postal Code 92115
City San Diego
Cross Street Montezuma Road
State CA
Country United States
Listing Information
Listing Office Fantastik Realty
Listing Office Phone 858-397-3108
Listing Agent Robert Brown
Listing Agent Phone 858-397-3108
Ownership Fee Simple
Terms Cash,Conventional
Virtual Tour URL https://www.propertypanorama.com/instaview/snd/230005073
MLS Information
Days on market 8
MLS Status Active
Listing Date Mar 13, 2023
Listing Last Modified Mar 21, 2023
Tax ID 467-072-01-00
MLS Area Metro Uptown
MLS MLS area minor SAN DIEGO
MLS # 230005073

This information is believed to be accurate, but without any warranty.

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