San Diego, CA 92115
$3,195,000
Mark Quesada
Broker / Owner
DRE #02101365
TURN KEY 4-unit SDSU student rental property as close as it gets to campus! Offered at a 5.8% CAP rate WITH MANAGEMENT in place! Built / renovated in 2023 - 5505-5511 Mary Lane Dr is comprised of (1) 5BR/3BA, (1) 4BR/2BA, and (1) 3BR/2BA and (1) 2BR/1BA- totalling 14beds/8baths and 3,877 sqft bringing in $21,300 per mo. Current management is very effective in negotiating high rental lease rates and can continue. Excellent Turn-Key return for an investor. These properties operate on 12 month lease with early renewals so vacancy averages less than 2%. Extremely rare for properties this close to campus to become available for sale.
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$23,580/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
Pick a day and time — Mark will confirm your private tour.
Interior
Construction
Lot & parking
Listed by Alexio Barbara, Bridgepoint Realty Inc
Co-listed by Adrian Gonzalez-Pureco, Bridgepoint Realty Inc
MLS# 260022437SD · Active
$815,000
Median sale price
31 days
Avg days on market
99.5% of list
Sells for
Closed sales in 92115 over the last 6 months, all home types.
History reflects records reported to the MLS and may be incomplete.