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$1,895,000
Est. payment /mo
10 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision College Estates(1260)
MLS Listing ID 260004275
Bedrooms 10
Full Baths 5
Year Built 1987
Property Sub-Type Res Income 2-4 Units
Property Type Res Income 2-4 Units
Property Description
Turn Key student rental property with a rent guarantee through August 2027 for $13,000 per month at a 5.8% CAP RATE WITH 3RD PARTY MANAGEMENT IN PLACE. Excellent passive cash-flowing investment and 1031 exchange option. Main house is a 6bed/3ba, ADU in front is a 4bed/2ba. Units share access to the pool and deck with views overlooking the canyon. All market rate no deed restrictions! Located a short drive to SDSU campus surrounded by high demand student rentals. This property usually rents many months in advance each year due to the beautiful finishes through out and the large pool with views - a unique amenity that students search for in SoCal. Units have in-unit washer dryers, full kitchens, private entrances, and ample street parking.
Location
State CA
County San Diego
Community Pool
Area Metro Uptown
Interior
Fireplace No
Exterior
Fence Other/Remarks
View Y/N No
Roof Type Other/Remarks
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 467-123-19-00
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by Alexio Barbara, DRE#01992393 Bridgepoint Realty Inc
Nearby School & Business
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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