5628-30 Dorothy Dr
SOLD
5628 Dorothy Dr, San Diego 92115
San Diego
$1,639,000
Property Description
Pleased to present for sale a student rental property just a short walk to the center of the San Diego State University campus. 5628-30 Dorothy is comprised of a 5bed/2bath house with a 4bed/2ba ADU in back. Offered at a current 5% Cap rate. These units are fully rented through the summer of 2022 to students bringing in $5,300 for the 5bed/2ba main house and $4,400 for the 4bed/2ba ADU in back. The front house has been updated but has room for rent growth if the kitchen and bathrooms are remodelled. The ADU construction was completed in 2020 with modern finishes throughout. Leases are secured by strong parental cosigners.
Properties in this pocket have unequivocal student demand and bring in premium rents. Don't miss this unique opportunity to own 2 houses on 1 lot this close to campus.
Shown with accepted offer only. Call or email agent for details and floor plans.
Contact Agent
Alexio Barbara
760-419-1343
Investment Summary
Property Location
SOLD
$1,639,000
Property Type
SFR + ADU
Price/Unit
$825K
Units
Unit Mix
2
5Bd / 2Ba SFR, 4bd / 2ba ADU
Price/Sq Ft
$600
NOI
$82,414
CAP
GRM
Sq Ft
Current
5.0
14.2
Imp
2,748
Year Built
1955
5628 Dorothy Dr, San Diego 92115
Proforma
5.5
13.2
Land
6,600
