4840 College Dr

Pleased to present 4840-42 College Avenue, a student rental property just a short walk from the SDSU campus and positioned on a 46,595 sqft canyon lot. The property consists of a renovated 5bed/3bath house renting for $5,050 in front AND a brand new 2020 construction 4bd/2ba ADU in back renting for $4,000. In total the property is rented for $9,050 through the summer of 2022 at a 4.7% CAP Rate. This is a great opportunity for a 1031 exchange investor looking for a great return and minimal maintenance. Current management is effective in negotiating high rental lease rates and is willing to stay on if desired. The 1+ Acre canyon lot lends its self to future development opportunities.