5205 Tipton St, San Diego, CA 92115
List Price: $949K
Listing Status: Active
0Days on Market: 0
2 Bedrooms · 1 Bathroom · 936 sq ft
Property Type: Residential
Year Built: 1951
Garage Spaces: 1
Private Pool: Yes
MLS Number: 260019625SD
About This Property
A rare value-add opportunity in the heart of the SDSU rental corridor. This SDA-zoned lot is ready for an investor or developer to move fast.The existing SFR has immediate upside through a garage conversion and full remodel, creating a large 5BD/2BA unit built for student rentals. There's also room to add a second unit, a 1,200 sqft ADU configured as a 5BD/2BA, for a two-unit income property just steps from campus. Once stabilized, the property is projected to generate $12,000/month in gross rental income. All square footage, unit counts, development potential, and rental projections should be independently verified by buyer.
Listing provided by: Daniel Sipher DRE #02043589 408-368-5225 dan@sdlandmark.com, Landmark Multifamily and Development
Source: CRMLS, MLS #: 260019625SD
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.