5706-08 Mary Lane
SOLD
5706-08 Mary Lane Dr
San Diego
$1,565,000
Property Description
We Pleased to present for sale one of the most walkable and centrally located houses by San Diego State. 5706-5708 Mary Lane 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 5bd/2ba house and newly built 4bd/2ba ADU in back are both fully rented through summer of 2022 to SDSU students bringing in $9,900 per month. Properties in this pocket rarely ever 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
$1,565,000
Property Type
SFR + ADU
Price/Unit
$825K
Units
Unit Mix
2
5Bd / 2Ba House + 4Bd / 2Ba ADU
Price/Sq Ft
$645
NOI
$85,592
CAP
GRM
Sq Ft
Current
5.2
13.9
Imp
2,556
Year Built
1952
5706-08 Mary Lane Dr
Proforma
5.5
13.3
Land
6,400
























