5181 La Dorna

POOL HOUSE! Pleased to present this 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. 5181 La Dorna is a 7100 sf lot comprised of an existing 6bed/2.5 ba main house and plans to add a 1200 SF ADU in the side yard. The 6 bedroom main house is under-rented through May ’24 to students for $6,400 per month. Students pay a massive premium for properties with pools. Estimated 7.3% CAP rate after costs with ADU build-out and 3rd party management! Student rental properties circumnavigate 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.