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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

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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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