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


























