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5211 E Falls View Dr

SOLD

5211 E Falls View Dr

San Diego

$1,385,000

Property Description

Pleased to present for sale a well located student rental by San Diego State. 5211 E Falls View Dr is just a stone's throw from the SDSU Campus, there is typically a waiting list of students hoping to rent this gem each year. The 6bd/3ba house and attached 2bd/1ba ADU are fully rented to SDSU students bringing in $8,400 per month. The doorway from the ADU currently remains open and property is rented to one single tenant group as a large 8bed/4bath/2kitchen unit. Properties this close to the SDSU campus rarely trade because of the unequivocal student demand and the premium rents that they bring. Don't miss this amazing cash flow opportunity that won't last long on the market.

Contact Agent

Alexio Barbara

760-419-1343

Investment Summary

Property Location

SOLD

$1,385,000

Property Type

SFR + ADU

Price/Unit

$699K

Units

Unit Mix

2

6Bd / 3Ba House + 1Bd / 1Ba ADU

Price/Sq Ft

$562

NOI

$71,857

CAP

GRM

Sq Ft

Current

5.1

13.9

Imp

2,485

Year Built

1970

5211 E Falls View Dr

Proforma

5.4

13.4

Land

6,000

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COMPLIMENTARY INVESTMENT CONSULTATION

Call us. We are here to help.

Alexio (760) 419-1343  |  Adrian (858) 735-9977

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The representations contained on this internet page are provided based on information deemed reliable. However, the same has not been independently verified. Principals are advised to conduct a thorough due diligence for any potential transaction.

South Coast Commercial, INC DRE# 01846358 | Gonzalez and Barbara Group DRE# 01992393

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