760-295-9023Prime 2-unit property near SDSU with 2,382 SF, featuring a gut-remodeled front house and a brand-new ground-up ADU, both 4-bed, 2-bath detached units with modern finishes. Missed student rental season (Nov start) due to construction, so currently yielding below-market rents with strong upside. Seller guarantees $11,500/mo for 1 yr, ensuring stable income and DSCR loan options. Property managers can get $11,500 next school year for new owner (see attached rent comps and rent projection). Convert garage to bedrooms or junior ADU for $12,900/mo+. Ideal for investors or owner-occupancy in a high-demand location!, this property provides immediate and stable income for the new buyer while securing favorable financing options, including a DSCR loan. Additionally, the newly finished ADU offers flexibility for owner-occupancy or additional rental income. New Housing Laws AB2097, which remove parking requirements and streamline development, makes the garage conversion an easy option. This conversion could significantly boost rental income, making this an even more lucrative investment opportunity. Seize a rare, turnkey SDSU student rental gem!
- Detached home
- 32 Days on the Market
- Built in 1955
- 1 story
- Zoning
- Attached Garage 2-Door Parking Type
- 2 Parking spaces
- 4,000 to 7,499 sq ft
- Age Restrictions: NK
- Property Restrictions: None Known
- Pets Allowed: Unknown
- Sewer: Sewer Connected
- Unknown School District*
Features
none cooling Not Known swimming pool Other heating
Fees and Assessments
HOA fees: $0, Mello Roos Fees: $0, Other fees: $0 *Rebate only available when offer is presented by a sdReOffers agent and signed exclusive buyers agreement and you follow the offer submission steps. Amount of Rebate will be presented to you before offer is submitted to seller.On Your New Home
And Eliminate your Electric Bill!
Call 760-295-9023
for more info
Courtesy of Fantastik Realty
See this home on the internet at
sdREOffers.com
- enter home id # 250026758