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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

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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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