6233-41 Mary Lane
Off Market
6241-39 Mary Lane Dr
San Diego
$2,698,000
Property Description
Pleased to present for sale TWO houses on one of the most walkable and coveted streets by San Diego State University. 6233-35 & 6241-39 Mary Lane Dr are two side by side student rental houses with jr ADU garage conversions. They are both fully rented through the summer of 2022 to SDSU students bringing in a combined rent total of $15,300 ($7,800 & $7,500) PER MONTH. Each property consists of a 4bd/2ba house and attached 3bd/1ba jrADUthat are fully renovated with new flooring, kitchens, bathrooms, lights etc.. Each respective house is rented to a single tenant group operating as 7bed/3bath/1kitchen units. Leases are secured by strong parental cosigners. In the future, a savy investor may choose to rent the units separately and operate the property more like a 4 plex. (There are 4 separate addresses)
Contact Agent
Alexio Barbara
760-419-1343
Investment Summary
Property Location
Off Market
$2,698,000
Property Type
2 SFR + 2 ADU
Price/Unit
$675K
Units
Unit Mix
4
(2) 7Bd / 3Ba House (+ADU)
Price/Sq Ft
$761
NOI
$128,583
CAP
GRM
Sq Ft
Current
5.0
14.9
Imp
3,674
Year Built
1949
6241-39 Mary Lane Dr
Proforma
5.1
14.1
Land
12,000


























