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















