5205 Tipton St, San Diego, CA 92115
List Price: $1.15M
Listing Status: Active
Original List Price: $1.2M
0Days on Market: 25
2 Bedrooms · 1 Bathroom · 936 sq ft
Property Type: Residential
Year Built: 1951
Private Pool: Yes
MLS Number: 260012947SD
About This Property
Permits ready to issue on an approved 2-unit project in the heart of SDSU's rental corridor — plans are approved and entitlements are in hand,zoned RS-1-7 within the SDA, TPA, and College Community Plan. No entitlement risk, no waiting; approved plans convert the existing SFR intoa 5BD/3BA ADU and 6BD/2.5BA SFD totaling 3,048 SF across two large-format units purpose-built for the student rental market. Oncestabilized, the project is projected to generate $15,050/month in gross rental income. Phase 2 presents a clear path to adding a 3rd unit by-right in the rear, unlocking additional density and income upside beyond what's already approved. Plans in Documents tab.
Listing provided by: Daniel Sipher DRE #02043589 408-368-5225 dan@sdlandmark.com, Landmark Multifamily and Devel
Source: CRMLS, MLS #: 260012947SD
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.