$1,560,000
$1,575,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,182 SqFt
SOLD DATE : 06/10/2025
Key Details
Sold Price $1,560,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,182 sqft
Price per Sqft $1,319
MLS Listing ID 250026758
Sold Date 06/10/25
Style Detached
Bedrooms 4
Full Baths 1
Half Baths 1
HOA Y/N No
Year Built 1955
Property Sub-Type Detached
Property Description
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 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!
Location
State CA
County San Diego
Area San Diego (92115)
Rooms
Family Room 24x15
Master Bedroom 14x12
Bedroom 2 12x12
Bedroom 3 12x12
Bedroom 4 10x9
Living Room 0x0
Dining Room 0x0
Kitchen 12x9
Interior
Heating Other/Remarks
Equipment Other/Remarks
Appliance Other/Remarks
Laundry Other/Remarks
Exterior
Exterior Feature Stucco
Parking Features Attached, Garage, Garage - Two Door
Garage Spaces 2.0
Fence Partial
Roof Type Composition
Total Parking Spaces 4
Building
Story 1
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Water Available
Level or Stories 1 Story
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
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Divine Fog Realty San Diego
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Bought with Robert Brown • Fantastik Realty
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