5205 Tipton St, Talmadge/San Diego Central, CA 92115
- $949,000
- 2
- BD
- 1
- BA
- 936
- SqFt
- List Price
- $949,000
- Days on Market
- 2
- Status
- ACTIVE
- MLS#
- 260019625
- Bedrooms
- 2
- Bathrooms
- 1
- Living Sq. Ft
- 936
- City
- Talmadge/San Diego Central
- Neighborhood
- College Area
- Property Type
- Single Family Residential
- Year Built
- 1951
Property Description
A rare value-add opportunity in the heart of the SDSU rental corridor. This SDA-zoned lot is ready for an investor or developer to move fast.The existing SFR has immediate upside through a garage conversion and full remodel, creating a large 5BD/2BA unit built for student rentals. There's also room to add a second unit, a 1,200 sqft ADU configured as a 5BD/2BA, for a two-unit income property just steps from campus. Once stabilized, the property is projected to generate $12,000/month in gross rental income. All square footage, unit counts, development potential, and rental projections should be independently verified by buyer.
Additional Information
- Roof
- Other
- Cooling
- None, Other
- Laundry
- Other
- Heat Source
- Other
- Parking Garage Spaces
- 3
Mortgage Calculator
Listing courtesy of Listing Agent: Daniel A Sipher (408-368-5225) from Listing Office: Landmark Multifamily and Development.
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