5527 Dorothy Dr
San Diego, CA 92115
3357 sqft | 11 beds | 5 baths | 0.27 acres | #230016466SD
Description
PRE-LEASED for 24-25 School year for $16,500 per month (7% CAP rate) TURN KEY passive investment property by San Diego State University. 5527 Dorothy is a stone's throw from Campus in the most sought after neighborhood by students. This fully remodeled 7/3 House plus 4/2 ADU totals 11beds/5baths, has stunning valley views off the back deck, and is currently rented through August 2024 for $13,900 per month! 2024-25 school year leases already secured at $16,500 - a 7% CAP rate WITH MANAGEMENT in place! Current management is very effective in negotiating high rental lease rates and is willing to stay on if desired at 6% GSI. Excellent Turn-Key return for an investor. Residential OR Commercial financing and rate options available! Student rentals circumnavigate CA Rent control as they typically have new student groups each year. Shown with accepted offer only. Current mgmt is very effective in negotiating strong rental lease rates and is willing to stay on at 6% GSI. Excellent Turn-Key return for an investor. Residential OR Commercial financing and rate options available! Student rentals circumnavigate CA Rent control as they typically have new student groups each year. Shown with accepted offer only.
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Alexio Barbara (#SAND-674357)
Listing Office: South Coast Commercial, Inc. (#SAND-69464)
