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5111-13 Tipton

San Diego, CA 92115
  • $1,745,000
  • STATUS: PENDING
  • ON SITE: 45 Days
  • ID#: 240000710
Pending
UPDATED: 202 min ago
$1,745,000
  • 9
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,800
    SQFT
  • $623
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1951
County:

School Ratings & Info

Description

PRICE REDUCED! a well-located student rental offered at 6.3% CAP Rate WITH MANAGEMENT in place! 5111-13 Tipton is a stone's throw from the SDSU Campus in one of the most desired neighborhood by students. This fully remodeled 5bed/3ba House plus 4bed/2ba ADU totals 9beds/5baths. The property is currently rented through August 2024 for for $10,500 per month! 2024-25 school year is partially leased and expected to bring in $12,400 per month! Current management is very effective in negotiating high rental lease rates and is willing to continue if desired. Excellent Turn-Key return for an investor. These properties are operate on 12 month leases and just a 3-5 day vacancy between move ins. Student rentals circumnavigate CA Rent control as they typically have new group of students each year.

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/146519122
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5111-13 Tipton San Diego, CA 92115

  • Price: $1,745,000
  • Status: PENDING
  • On Site: 45 Days
  • Updated: 202 min ago
  • ID#: 240000710
9
Beds
4
Baths
0
½ Baths
N/A
Acres
2,800
SQFT
$623
$/SQFT
1951
Built
Neighborhood:
Sdsu College Area
County:
San Diego
Area:
San Diego (92115)
Property Description
PRICE REDUCED! a well-located student rental offered at 6.3% CAP Rate WITH MANAGEMENT in place! 5111-13 Tipton is a stone's throw from the SDSU Campus in one of the most desired neighborhood by students. This fully remodeled 5bed/3ba House plus 4bed/2ba ADU totals 9beds/5baths. The property is currently rented through August 2024 for for $10,500 per month! 2024-25 school year is partially leased and expected to bring in $12,400 per month! Current management is very effective in negotiating high rental lease rates and is willing to continue if desired. Excellent Turn-Key return for an investor. These properties are operate on 12 month leases and just a 3-5 day vacancy between move ins. Student rentals circumnavigate CA Rent control as they typically have new group of students each year.
Exterior Features

Exterior Stucco Fencing GateWood Lot Size 4000-7499 SF Parking Garage Description None Known Parking Non Garage Description Off Street Parking Non Garage Spaces 3 Parking Spaces Total 3 Pool N/K Residential Styles Detached Roof CompositionAsphalt Topography Level

Interior Features

Bath Totals 4 Bedroom2 Dimensions 10x12 Bedroom3 Dimensions 10x12 Bedroom4 Dimensions 10x12 Bedroom5 Dimensions 10x12 Bedrooms Total 9 Cooling Attic FanCentral Forced AirElectric Dining Room Dimensions 10x5 Equipment Available Convection OvenGas & Electric Range Family Room Dimensions 10x10 Heat Equipment Floor FurnaceForced Air Unit Heat Source Natural Gas Kitchen Dimensions 8x10 Laundry Location Closet StackedGarageN/K Laundry Utilities ElectricGasWasher Hookup Living Room Dimensions 10x15 Master Bedroom Dimensions 10x12 Optional Bedrooms 0 Searchable Rooms Exercise RoomFamily Room Stories 2 Story

Property Features

Age Restrictions N/K Association ID San Diego Association of REALTORS (SDAR) Cfd Mello Roos Fee 0.0 Cross Streets tipton and 63rd Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Ownership Fee Simple Property Restrictions Known None Known Residential Sub Category Detached Sales Restrictions N/K Sewer Septic Sewer Connected Short Sale No Terms Cal VetCashConventionalExchangeVA Water Meter on Property

San Diego MLS logo Listing provided courtesy of Alexio Barbara of South Coast Commercial, Inc.: 760-419-1343. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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The Neuman Team
516 5th Avenue
San Diego CA, 92101