Description
Pool House! Pleased to present this well-located student rental property with ADU PLANS APPROVED by end of May Immediate value add potential just a short walk to the center of the San Diego State University campus. 5181 La Dorna is a 7100 sf lot comprised of an existing 6bed/2.5 ba main house and plans to add a 1200 SF 4bed/2ba ADU in the side yard. The 6 bedroom main house is under-rented through May ’24 to students for $6,400 per month. Students pay a massive premium for properties with pools. Leases are secured by strong parental cosigners. Estimated 7.3% CAP rate after costs with ADU buildout and 3rd party management! Student rentals circumvent CA Rent control as they typically have new student groups each year. Shown with accepted offer only – virtual walk through link available. contact agent for details, building plans, and management/contractor referrals.
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6BEDS
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0.16ACRES
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2BATHS
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11/2 BATHS
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1,394SQFT
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$860$/SQFT
School Ratings & Info
Description
Pool House! Pleased to present this well-located student rental property with ADU PLANS APPROVED by end of May Immediate value add potential just a short walk to the center of the San Diego State University campus. 5181 La Dorna is a 7100 sf lot comprised of an existing 6bed/2.5 ba main house and plans to add a 1200 SF 4bed/2ba ADU in the side yard. The 6 bedroom main house is under-rented through May ’24 to students for $6,400 per month. Students pay a massive premium for properties with pools. Leases are secured by strong parental cosigners. Estimated 7.3% CAP rate after costs with ADU buildout and 3rd party management! Student rentals circumvent CA Rent control as they typically have new student groups each year. Shown with accepted offer only – virtual walk through link available. contact agent for details, building plans, and management/contractor referrals.
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Source: SDMLS