Variance Granted 2-4 Units. Prime 2-unit property near SDSU with 2,382 SF, featuring a gut-remodeled front house and a brand-new ground-up ADU, both 4-bed, 2-bath detached units with modern finishes. Missed student rental season (Nov start) due to construction, so currently yielding below-market rents with strong upside. Seller guarantees $11,500/mo… Read More for 1 yr, ensuring stable income and DSCR loan options. Property managers can get $11,500 next school year for new owner (see attached rent comps and rent projection). Convert garage to bedrooms or junior ADU for ~$12,900/mo+. Ideal for investors or owner-occupancy in a high-demand location!, this property provides immediate and stable income for the new buyer while securing favorable financing options, including a DSCR loan. Additionally, the newly finished ADU offers flexibility for owner-occupancy or additional rental income. New Housing Laws AB2097, which remove parking requirements and streamline development, makes the garage conversion an easy option. This conversion could significantly boost rental income, making this an even more lucrative investment opportunity. Seize a rare, turnkey SDSU student rental gem! Variance granted 2-4 Units. Read Less
Listing Snapshot
Days Online
25
Last Updated
Property Type
Other
Lot Size
0.12 Acres
Year Built
1955
MLS Number
250026168SD
30 Days Snapshot Of 92115
$819k
-5%
(avg) sold price
18
-45%
homes sold
58
-9%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1955, Levels: One, 1 story, 1 building
Cooling
None
Fence
Partial
Income
Net operating income: $25,503
Lot
0.124 acres, 5,400 square feet, Size: 5,400
Roof
Composition
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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