5111 13 Tipton, San Diego, CA 92115
Single-family home
Sold February 2024
Listing Agent: Alexio Barbara (DRE #01992393) · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Vani Bobba · Vani Bobba, Broker · MLS #240000710SD · Source: CRMLS
About this single-family home
PRICE REDUCED! a well-located student rental offered at 6.3% CAP Rate WITH MANAGEMENT in place! 5111-13 Tipton is a stone's throw from the SDSU Campus in one of the most desired neighborhood by students. This fully remodeled 5bed/3ba House plus 4bed/2ba ADU totals 9beds/5baths. The property is currently rented through August 2024 for for $10,500 per month! 2024-25 school year is partially leased and expected to bring in $12,400 per month! Current management is very effective in negotiating high rental lease rates and is willing to continue if desired. Excellent Turn-Key return for an investor. These properties are operate on 12 month leases and just a 3-5 day vacancy between move ins. Student rentals circumnavigate CA Rent control as they typically have new group of students each year.
Listing description from the February 2024 sale, as reported to CRMLS.
Sale history