5261 Tipton, San Diego, CA 92115

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5261 Tipton, San Diego, CA 92115

6 Bed 3 Bath 1,764 sqft MLS#230005073

Property Description

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!

Listed for $1,175,000

Status: Active
Property Type: Detached
Lot Size Acres: 0.16
Lot Size SqFt: 7,000
Year Built: 1951
Neighborhood: College Area Sdsu

Courtesy of Fantastik Realty.

Property Details and Features

  • Bathrooms
  • 3 full bathrooms
  • 3 total bathrooms
  • Bedrooms
  • 6 bedrooms
  • 6 total bedrooms
  • Second Bedroom
  • 13×10 square feet
  • Third Bedroom
  • 14×11 square feet
  • Fourth Bedroom
  • 10×10 square feet
  • Fifth Bedroom
  • 10×0 square feet
  • House
  • 1,764 estimated square feet
  • Built in 1951
  • 1 story
  • Dining Room
  • Combo square feet
  • Exterior Features
  • Wood
  • Fence
  • Full
  • Family Room
  • 10×10 square feet
  • Water
  • Meter on Property
  • Heating
  • Natural Gas
  • Kitchen
  • Kitchen is 18×13 feet
  • Laundry
  • Closet Stacked
  • Gas & Electric Dryer HU
  • Listing
  • Source: SDMLS
  • For Sale
  • 8 days on market
  • Listed on 2023-03-13
  • Location
  • Community: San Diego
  • County: San Diego
  • Lot
  • Approximately 7,000 square feet
  • 4,000-7,499 SF
  • Living Room
  • 22×13 square feet
  • Primary Bedroom
  • 14×11 square feet
  • Garage
  • None Known
  • Parking
  • 4 non-garage parking spaces
  • 4 total parking spaces
  • Non-Garage Parking: Driveway
  • Roof
  • Composition
  • Sewer
  • Sewer Connected

Property Map

$1,175,000 – 5261 Tipton, San Diego, CA 92115

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