5079 55th Pl
SOLD
5079 55th Pl
San Diego
$1,649,000
Property Description
Pleased to present for sale a well located student rental by San Diego State. 5079 55th Pl is a stone's throw from the SDSU Campus and Aquaplex. There is typically a waiting list of student groups wanting to rent this gem each year. The Large 4bd/2ba house and detached 4bd/2ba ADU are fully rented to SDSU students bringing in $9,000/month with immediate rental upside to $9,500/mo. This is a great opportunity for a 1031 exchange investor looking for a great return and minimal maintenance. Current management is very effective in negotiating high rental lease rates and is willing to stay on if desired.
Contact Agent
Alexio Barbara
760-419-1343
Investment Summary
Property Location
SOLD
$1,649,000
Property Type
SFR + ADU
Price/Unit
$824K
Units
Unit Mix
2
4Bd / 2Ba SFR, 4bd / 2ba ADU
Price/Sq Ft
$641
NOI
$74,027
CAP
GRM
Sq Ft
Current
4.5
15.3
Imp
2,570
Year Built
1954
5079 55th Pl
Proforma
4.8
14.5
Land
5,800








