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Land — 5205 Tipton St, San Diego, CA

$949,000

5205 Tipton St, San Diego, CA

$949,000 — 5205 Tipton St, San Diego, CA — photo 1 $949,000 — 5205 Tipton St, San Diego, CA — photo 2 $949,000 — 5205 Tipton St, San Diego, CA — photo 3 $949,000 — 5205 Tipton St, San Diego, CA — photo 4 $949,000 — 5205 Tipton St, San Diego, CA — photo 5
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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 into a 5BD/3BA ADU and 6BD/2.5BA SFD totaling 3,048 SF across two large-format units purpose-built for the student rental market. Once stabilized, 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.

Property details

Property type
Land

Location

5205 Tipton St • San Diego, CA 92115

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Listed by

Daniel Sipher · Landmark Multifamily and Development

Listing courtesy of Landmark Multifamily and Development. Information deemed reliable but not guaranteed.

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