5137 Rincon

Pleased to present a well located student rental property with ADU PLANS APPROVED by end of May! Capture immediate value add potential just a short walk to the center of the San Diego State University campus. 5137 Rincon is a large corner lot comprised of an existing 7bed/4bath main house and plans to add an attached 1200 SF ADU in the back yard. The house is advertised for $7,000 per month but has major potential for continued rent growth. Estimated 7.4% CAP rate after costs with ADU build-out and 3rd party management!
Student rentals are not limited by CA Rent control as they typically have new student groups each year. Shown with accepted offer only – virtual walk through link available. Call or email agent for details, building plans, and management/contractor referrals.