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5288 Manhasset

Off Market

5288-90 Manhasset Dr

San Diego

$1,495,000

Property Description

Pleased to present for sale a well located student rental by San Diego State. 5288 Manhasset 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 5bd/2ba house and attached 3bd/2ba ADU are fully rented to SDSU students bringing in $7,600/month with immediate rental upside to $8,500/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

Off Market

$1,495,000

Property Type

SFR + ADU

Price/Unit

$747K

Units

Unit Mix

2

5Bd / 2Ba SFR, 3bd / 2ba ADU

Price/Sq Ft

$581

NOI

$62,857

CAP

GRM

Sq Ft

Current

4.2

16.4

Imp

2,570

Year Built

1955

5288-90 Manhasset Dr

Proforma

4.7

15.2

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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